Speaking just a short walk from one of the world’s most famous transport hubs, New York’s Grand Central Terminal, executives from Noble Capital Markets make their case for essentially being the “reverse commuters” of shipping banking.
Many investment banks have either left or de-emphasised shipping as physical markets slumped and equities foundered following the global financial crisis.
Those that remain push the notion that bigger is better: shipping must consolidate and grow more public owners with market capitalisations exceeding $2bn if they are to be taken seriously by institutional investors.
