Welcome to the Class of 2005

You stand on the cusp of greatness. In 2006 you will complete a full year as new public companies and stand ready to join the ranks of great shipping enterprises from around the world. You have watched and learned from those who have gone before. You will be expected to stand shoulder to shoulder with long-established companies, some of whose heritages date back to before your management was born. Yet the world will cut you no slack in their relentless search for value and returns.

At Marine Money we stand by slightly choked with pride at your accomplishments to date, confident that you will not whither under the intense scrutiny of critics and analysts. Beware we say to those who might criticize, for youth will have its day.

It’s graduation season the world over. A time when young minds will step out into the real world or kindergarten or high school or college and begin their own next journeys of development. Each new IPO or capital market transaction feels a bit
like one of our own and we have the belly to prove it, but the simple fact is that the class of 2005 does represent the birth
of a new generation, as it were, ready to use all the tools to compete in a truly global industry where every $1,000 is significant and demand and regulations flatten the competitive arena.

This is only an excerpt of Welcome to the Class of 2005

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