New York Conference Outtakes

As a preview for next week, we decided to cover some of the more interesting early highlights of the conference. In his welcome to the conference, Hamish Norton of Jefferies got a laugh when he made the point that Jefferies was now the largest investment bank in the U.S. He also pointed out that Jefferies having avoided the sub prime mess was well capitalized and ready to assist the industry. With respect to the industry, he commented that we were back in the good old times of shipping, however the good news is that there is an investor base which understands shipping and we don’t want to lose them.

Sean Connaughton, the Maritime Administrator, broke everyone up when he announced: ‘I’m with the Federal government and am here to

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