Just a Matter of When?

Although we do our best to report on the happenings in the financial world as it relates to shipping, our knowledge of how bankers and owners come to grips in choosing the correct capital product is at best unclear. It is no surprise that the commercial banks lending activities, as we have reported, continue to slow down as the credit crisis continues. The same holds true for the equity markets, which are also struggling except for follow-on offerings from MLPs and full dividend payout companies. Yet as we continue to report in this issue no one is issuing or has

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