When Marine Money opens the doors at The Pierre Hotel in New York tomorrow, Tuesday, the event will mark the 29th version of what is best described as the world's largest speed-dating service for carriers – particularly tanker carriers – and investors. But this year, the lobby and the hotel hallways will be even busier than usual as interesting deals are signed between carriers and equity funds. Although part of the event is about the many presentations and panel debates taking place in the Grand Ballroom, the event also involves meetings in the smaller, adjacent rooms – meetings which can end with signed deals for funding or other types of support for budding plans.
And this year, the three days at the hotel will give many carriers a crucial hint as to whether or not fresh capital could soon be headed their way. Some players, including Torm and Hafnia, are looking to see if this is the right time to tap into the New York Stock Exchange.