Martin Lunder News

Shipping luminaries gathered recently in New York to discuss issues and recognize achievements at the 2013 North American World Maritime Day and NAMEPA (North American Marine Environment Protection Association) Marine Environment Protection Awards Dinner. “NAMEPA was honored to host this annual event, and gratified by the interest and participation at the highest levels of shipping in our industry” stated NAMEPA Chairman Clay Maitland. Topics covered in the day’s conference included promoting a safety culture and environmental stewardship…

NYMAR (New York Maritime Inc.) board members will visit the Nor-Shipping expo to promote the New York Maritime cluster. Leading the delegation is NYMAR’s newly anointed Chairman, Clay Maitland of the Marshall Islands Ship Registry. Joining him are Brian Devine, newly of Norton Rose,  Seward & Kissel partner Larry Rutkowski, AMA Capital Partners’ Kevin O’Hara, Kathy Haines of Heidmar, and Nordea’s Martin Lunder. “Nor-Shipping is an ideal opportunity for NYMAR to broadcast the attractiveness of New York as a business center”, stated delegation leader Maitland.

While capital for the maritime industry remains tight, lenders insist that funding is available for well- managed public companies. At the 17th Annual Joint Shipping Conference held at the Waldorf Astoria Hotel February 8, 2011 - a conference co-sponsored by the Hellenic-American/Norwegian-American Chambers of Commerce - finance leaders addressed the question of capital availability. "There is a flight to quality," said Martin Lunder, SVP, Nordea Bank. Proof is the value of industry deals through Nordea Bank over the past three years, from $30b in 2008 to $8b in 2009 to $15b in 2010. "Existing companies with a track record have the best access today," said Ted Jadick, president & CEO, DnB Nor Markets.

Examining key industry drivers is the focus of the 17th annual Hellenic-American and Norwegian-American Chambers of Commerce annual conference, often called the New York Shipping Conference. Entitled “Challenges & Opportunities for the Shipping Industry: Is There a New Normal?” the conference will present the macro shipping and economic overview, the impact of increasing environmental regulation on the shipping market, the availability of capital and its many forms, the growing influence of China and India on Shipping, and shipowners’ points of view. The event will be held on Tuesday, February 8th at the Waldorf-Astoria (a new venue for this event) starting at 0815 with conference registration and coffee.