Finance the Cruise Industry: Of Youth and Asia

Apart from Chris Hayman of Seatrade, Michael Parker of Citibank and Malcolm Willingale of V. Ships, I would venture to guess that I was the only individual fortunate enough to attend both the Seatrade Tanker Conference in London and the Seatrade Cruise Conference in Miami in the past month. While the traveling schedule has indeed gotten me into a bit of hot water at home, it has allowed me to come to the firsthand conclusion that the two events could not have been more different.

In short, if weather is thought to reflect mood, then London was as rainy as Miami was sunny. Dreary discussions of declining world scale rates heard in London were replaced by the dreamy ideas of European architects, including “Cruise Bowl”, a floating structure the size of the Louisiana Super Dome. Questions on who has gotten ISM qualifications gave way to queries of whether to have steel drum bands greet tourists on the quay on the deck.

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