On the outside, this year’s Jefferies Conference was subdued with less buzz than previously. However, it was a marked improvement to last year’s event, which coincided with the collapse of Lehman Brothers. Then the shipping markets were still good but all eyes were focused on the Bloomberg screens awaiting developments, while discussions revolved around whether or not to buy gold. Today was different. The economy seems to be improving while the shipping markets struggle. Shipping’s main source of capital, bank debt, is rationed while the equity markets are offering hope. Today was the day for public shipping companies to plead
This is only an excerpt of Less Buzz, but…………More Business
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Tags: · D/S Norden, Diana Shipping, Dimitris Nenes, DryShips, First Ship Lease, Global Ship Lease, Hamish Norton, Hornbeck Offshore, Ian Webber, Jefferies, Laurence Levy, Mr. Margaronis, Oceanfreight, Ole Hjertaker, Pankaj Khanna, Philip Clausius, Rand Logistics, SafeBulkers, Sai Chu, Seaspan, ship finance, TAL International, U.S. Shipping Partners
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