All Quiet on the Financing Front

Given the collapse of the shipping and financial markets in the second half of 2008, it is no surprise that we returned to the sounds of silence after an enjoyable holiday season. It was a pleasant respite after months of nothing but bad news on the economic front capped off by the disclosure of $50 billion Ponzi scheme. The good news is that we can begin afresh and we think our good friends at the Connecticut Maritime Association got it right when they chose “back to basics” as this year’s theme for their conference. Its general relevance for the upcoming year is a certainty.

For the bankers, January has always been an interesting month and it’s not just about the bonus checks. The year generally starts with the development

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