While You Were Summering

At Marine Money, summer starts after Marine Money Week. Officially, that means we can leave a bit earlier on Fridays in return for coming in a little earlier every other day. Traditionally, that means things slow down a bit.We have a chance to focus on the conferences and magazine issues coming up in the fall without worrying about losing track of a leisurely market. While this phenomenon has been less pronounced in recent years, those in the Northern Hemisphere don’t need us to tell them that as we headed into August, this year continued to move along at full steam.

Even with so much market activity our sense is that a substantial number of people have made it out of the office, at least for a week or two. As you return to your desks in September, we wish to provide a brief summary of all that has happened so that you may start the autumn fully informed.

One thing worth noting is that as we go to press, the fall-out from the subprime mortgage crisis in America and its ensuing impact on the credit markets seems to be what everyone is talking about. While we address this topic elsewhere in this issue, it is only one theme among many, and too much focus on this one issue can easily distract attention from what was actually an incredibly vibrant ship finance market this summer.

This is only an excerpt of While You Were Summering

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