A New Era for Marine Money Marine Securities Analysis & Oslo

By Matt McCleery

F irst off, we are very pleased to report that Mr. Peder Bogen will open Marine Money Oslo in August 2003! We are thrilled that he will be able to work more closely with our clients in Europe – and to manage our marketing efforts in Hong Kong, Greece and America. Peder’s Norwegian may be a little rusty after 8 years of school and work in America, so I hope our Norwegian friends will go easy on him for a while! We will miss him here in Stamford, but our clients will be better served.

Secondly, we are very pleased to announce the formation of Marine Securities Analysis (MSA). As most of our readers know, ever since Marine Money opened for business more than 15 years ago, our goal has been to use information and analysis to bridge the international shipping and finance communities for mutual benefit. In our view, nowhere is the need for that bridge currently more acute than between shipowners and the institutional investor community. Although the US has the world’s deepest pool of risk seeking equity and unsecured debt finance, shipping has been unable to fully access this market on a regular basis. Moreover, as the shipping industry enters a period of rapid and meaningful consolidation, we believe the need for equity and unsecured capital is more important than ever before.

Through our years of experience we have become convinced that the institutional investor community can, and will, provide risk capital for this cyclical industry, but only if it has access to independent, high-quality analysis. That is why we teamed up with shipping M&A boutique Tridens to create MSA.. MSA’s “point man” at Tridens is Anthony Gurnee, who is an industry leader that most of you know. Tony has worked in shipping finance covering a broad range of segments at Citibank N.A., Nedship Bank N.V., as well as CFO of Teekay Shipping Corporation. He is also a CFA Charter-holder.

This is only an excerpt of A New Era for Marine Money Marine Securities Analysis & Oslo

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.