Freshly Minted – October 7, 1999

“A man’s got to make at least one bet a day, else he could be walking around lucky and never know it.”
-Jimmy Jones, Horse Trainer

ERROR AND APOLOGY

In Freshly Minted of September 23rd, we erroneously stated that Petros Pappas of Oceanbulk in Greece was a defendant in the lawsuit involving the vessel Brazilian Friendship. The defendant we were referring to was Peter Pappas. We regret the unintentional error and apologize to Mr. Petros Pappas.

MARITIME CYPRUS

The bi-annual Maritime Cyprus conference took place this week in Limassol and Nicosia. Delegates note that attendance was considerably down on last time in 1997. In the past Greek shipowners have supported the Cypriot “Posidonia with a bit less alcohol and more academia” but this year there were fewer in attendance. Either cost cutting or on duty in the office trying to keep their ships employed. Not to worry though. Plenty of bankers, lawyers and insurance brokers to keep the parties rolling well into the night.

ROYAL BANK OF SCOTLAND

This is only an excerpt of Freshly Minted – October 7, 1999

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