STAMFORD, Conn., June 8, 2017 /PRNewswire/ -- Marine Money
International, the leading host of conferences focused on financing
the international maritime industry ("Marine Money"), today announced a record
attendance for the 30th annual Marine Money Week, the
world's largest ship finance forum. The 30th annual Marine Money
Week conference on June 19-21 at The
Pierre Hotel, the former home of Aristotle Onassis, will attract
more than 1,000 dealmakers who will come together to do just that -
put transactions together.
With $300 billion in annual
capital requirements, the international shipping industry is an
enormous and steady user of capital. As traditional sources of ship
finance dry up, the world's shipowners are increasingly turning to
New York to fund their projects in
the U.S. Capital Markets. "I don't think it's a stretch to
say that in the future, it will be impossible to be a market leader
in this capital intensive industry without access to the U.S.
Capital Markets and that every Alpha-seeking investor will have a
position in global shipping," said Matt
McCleery, President of Marine
Money and author of the novel The Shipping Man, which was
featured on Bloomberg's "Summer
Reading for the Tasteful and Preoccupied" list. McCleery
added, "While syndicated loan volume has sagged to its lowest level
in 10 years, capital markets activity, mergers and deals with hedge
funds have sharply increased and hundreds of private equity funds,
hedge funds and long-only investors are actively deploying capital
in the global shipping industry."
While the U.S. Capital Markets remain the deepest pool of risk
tolerant capital, Chinese leasing companies and Chinese banks, Far
East export credit agencies and a healthy European Bond market all
critically complement the U.S. Capital Markets and will be heavily
present at The Pierre.
Presenting public companies include:
Tellurian Inc. (TELL)
GasLog Ltd. (GLOG)
Flex LNG
Höegh LNG
American Shipping (ASCJF)
KNOT Offshore Partners UK LLC (KNOP)
Scorpio Tankers (STNG)
International Seaways
Stolt-Nielsen (SNI)
Ardmore Shipping (ASC)
Tsakos Energy Navigation
Euroseas
Ship Finance International (SFL)
Genco Shipping & Trading Limited (GNK)
Navios
Songa Bulk (SBULK)
Star Bulk Carriers Corporation (SBLK)
Eagle Bulk
Nordic American Tankers
DHT
Euronav NV (EURN)
Tanker Investments Limited
Team Tankers International Ltd. (TEAM)
Ocean Yield (OYIEF)
Contact:
Julia Hull
jhull@marinemoney.com
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SOURCE Marine Money International