Contribution to Ship Finance: Minding the Window – Even When it’s Closed

“But why do you stay open in the winter if you can’t make any money?” I remember innocently asking my father as we watched the ice move across Stony Creek Harbor in Eastern Connecticut one February day.

During the summer months, there was a line of boats waiting for gas and a line of customers waiting for just about anything; the only line I remember that day was the one that my father spoke a few seconds later. “Because people need us in the winter.”

That he uttered the words as a pair of local contractors threw a few coins into a metal tackle box in exchange for a cup of coffee, lifting the day’s revenue to about $5, made it all the more memorable.

I’m not sure if the fact that my father used to run a marina makes me a second-generation shipowner, but it certainly was good training for a career in shipping and the capital markets.

This is only an excerpt of Contribution to Ship Finance: Minding the Window – Even When it’s Closed

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