Freshly Minted – June 10, 1999

Live from Beach Club, Aker Brygge, Oslo, Norway

The whole correspondent team is in Oslo at Marine Money’s widely successful Ship Finance Forum. So we are serving you hot items from the place to be in Ship Finance, this week.

Conference papers from Oslo are available for $400

“… .and that you in the shipping community really take advantage of these gloomy times to put your business together” and,” On behalf of all our investors in our funds we sincerely wish you good luck, we know you will need it”. (Ragnhild Wikborg, Odin Fond Management).

“No, I don’t think it was the size of the IPO that was the problem”. (Peter Goodfellow, Stelmar Tankers, and Philip Clausius, Columbia Ship Management who both had failed equity offerings in the U.S.).

Lars Carlson of Concordia has added 3 important words to its company motto “Oil should only travel first class at economy cost”.

“Not a whole lot” on the question “what can bulk shipping learn from the cruise industry?”. Ketil Arvesen of Christiania Markets.

“The equity window is closed, but no better time to prepare. By the time the window is open it is too late”. (Jeff Pribor, of ING Barings Furman Selz).

This is only an excerpt of Freshly Minted – June 10, 1999

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