logo title
ChryslerBuilding
Event Calendar

April 2009

April 15
"A General Review of the Cases in the English High Court"
SMA Luncheon

April 16
Setting the Course Awards Banquet
Seafarers & International House

April 30
"Law and the Environment"
Nicholas J. Healy Lecture

May 2009

May 1
Spring General Meeting
U.S. Maritime Law Association
and

Annual Spring Dinner
U.S. Maritime Law Association

May 8
"Polishing the Big Apple"
Weissman Center for Int. Business

May 12 & 13
6th Annual Executive Conference
Marine Log "Tugs and Barges" 2009

May 13
Int.l Maritime Hall of Fame Awards
Maritime Ass. of Port of NY & NJ

NYMAR Officers
Peter Shaerf, Chair
Lawrence Rutkowski, Vice-Chair
Keith W. Heard, Secretary
Kathleen C. Haines, Treasurer
Frederic London
David Martowski
Michael J. Mitchell
Clay E.C. Maitland
Simon Rose
John Stratakis
Stefanie Kasselakis

NYMAR
For more information about NYMAR, please visit our web site: www.nymar.org

April 15 , 2009

www.nymar.org

Chairman's Commentary

Peter Schaerf, Nymar ChairmanDespite my English heritage I have become Americanized and nothing is more American than baseball and opening day.
[read more]


"Where in the world is NYMAR?" Contest!

March's challenge to guess "Where in the World is NYMAR?" underscored our need to put time zone restrictions on entries!!
[read more]

NYMAR recently caught up with E. Nikolas (Nick) Tavlarios, President of Aegean Marine Petroleum Network, Inc. (NYSE: ANW).

Aegean is a marine fuel logistics company that physically supplies and markets marine fuel and lubricants to ships in port and at sea.
[read more]

Dahlman Rose Indices

Dahlman Rose & Co has agreed to provide NYMAR readers with its Dry Bulk Shipping and Tanker Shipping Indices.
[read more]

Monthly News

Capital Link Event Sets New Records!
[read more]

NYMAR members comment on piracy for Bloomberg News [Reprinted from Bloomberg]
[read more]

NYMAR's Annual General Meeting and Reception
[read more]

Polishing the Big Apple- May 8th
[read more]

Financial Performance Charts
[Read More]

Taste of NYC | Events & Entertainment

Upcoming events & entertainment in the Big Apple.
[Read More]

   
 

Chairman's Commentary

Peter Schaerf, Nymar ChairmanDespite my English heritage I have become Americanized and nothing is more American than baseball and opening day.

The rite of spring is heralded by the opening of the baseball season and the anticipation of brighter and better times ahead. In hoping that it is not a harbinger of a long hard slog, my adored New York Yankees were severely spanked on opening day! I hope your Spring is better than theirs at least started..!

We will begin Spring however with a shipping market still in the doldrums and unable to develop the clarity that is so important in the aspect of working out of this slump which , with the tightness of credit has become a true malaise.

The capital markets have evidenced this weakness and the global market capitalization of shipping stocks is hovering around the $160 billion mark- a far cry from a year ago when it was closer to $500 billion.

About 27% of this market capitalization is represented by the New York markets which is by far the largest share of any of the maritime clusters- for comparison purposes, Singapore represents about 6% market share, Greece represents about 0.6% of the market share and London less than 0.5% market share.

Trading volume data tells a similar story. Approximately $85 billion of shipping stocks were traded in the first quarter with the New York markets accounting for almost 52% of the volume again for comparison purposes Singapore accounts for 3% of the volume traded and London about 0.5% of the volume traded.

Additionally as private equity begins to attract interest we find owners flocking to New York to explore the opportunities and whilst Dick Whittington was drawn to London as the "streets were paved with gold" he, or his 21st century adherents might find New York a more receptive place in which to seek that pot of gold.

Where in the world is NYMAR?

where in the world is NYMAR? contestMarch's challenge to guess "Where in the World is NYMAR?" underscored our need to put time zone restrictions on entries!! The winner was Nora Huvane who zipped in her answer from Singapore barely moments after the newsletter went out and long before New York was open for business! Peter Sandler of Louis Dreyfus was not far behind—and he is in this time zone!

Both guessed the Blue Mosque in Istanbul, and because we at NYMAR are such good sports, both will receive a bottle of champagne. (Nora's, though, is going to be delivered to her Father, Brian, of MJLF. What are the odds it will be untouched by the time Nora visits this summer??)


NYMAR recently caught up with E. Nikolas (Nick) Tavlarios, President of Aegean Marine Petroleum Network, Inc. (NYSE: ANW).

Aegean is a marine fuel logistics company that physically supplies and markets marine fuel and lubricants to ships in port and at sea. By drawing upon its fleet of quality bunker tankers, global service centers and sophisticated management systems, Aegean has developed a reputation for meeting the strict fuel quality and delivery scheduling needs of a broad base of end users.

In the words of its President, Nick Tavlarios, Aegean has an "extensively large global brand", which aligns itself with reputational excellence.

NYMAR: We live in a supply and demand universe. Which metrics are you watching to gauge strategic initiatives? Price of oil, environmental regulations, refinery capacity?
Tavlarios: It is important in a demand profession to distinguish yourself by meeting regulatory requirements and looking at refining capacity. The most important metric for us, though, is the number of ships at sea and the related number of tonne-miles. We are not paid by the day, but rather by the propellers spinning. Whether a ship is cargoed or in ballast is immaterial.

Don't forget, too, that the world fleet is growing, and that means more propellers.
NYMAR: How is your new building program coming along?
Tavlarios: Phenomenally well! We are growing our fleet of double hull bunkering tankers and expanding our service centers in strategic locations to better meet the needs of our existing clients, as well as prepare for future opportunities.
NYMAR: Are any of your competitors on your radar screen for a possible acquisition?
Tavlarios: We have an appetite for strategic acquisitions, as long as they provide accretive growth to earnings. They must, though, be consistent with our standards for providing top line service and products.
NYMAR: Your web site states that you have long term contractual agreements with your suppliers. Have you been using hedging tools, and have they been successful in these turbulent markets?
Tavlarios: We don't use financial instruments as hedging tools, but we have been successful in managing risk, especially during this past year of high volatility. Pricing in this market demands constant oversight, which we are able to provide.



There have been shortages in the market, but we have highly dependable sources and contracts with high quality providers. With size comes strength.
NYMAR: How are you preparing for potential defaults amongst clients?
Tavlarios: Being involved with the process, and watching your client's behavior and actions are important. We have extremely close ties with our clients, and communicate with them continually, with a keen emphasis on operations.
NYMAR: What synergies exist within the public companies of Peter Georgiopoulos?
Tavlarios: It all starts with Peter Georgiopoulos. He is an amazing thinker with keen insights into business. He is a great generalist, and when he gets into a business he achieves new levels for that business. Peter gives us insights into the other sectors (tanker and dry bulk), but beyond that, our relationship with General Maritime and Genco, we behave as independent entities. Aegean has to compete for their business as any supplier would.
NYMAR: Are there specific types of customers that are feeling the greatest pinch?
Tavlarios: One might read that the container industry is adversely affected by a drop in sales. Ships are sailing with lighter loads, there are periodic lay ups, and other factors leading to a downturn. The dry sector seems to be recovering to an extent after the immediate reaction to no trade credit and the fall off in demand.



The stimulus needed is to move raw materials, and goods, around the world. There was a recent discount on steel from Brazil to China, which helps. In all, though, we are doing dramatically better than 4-5 months ago.
NYMAR: With operations all over the world, what do you focus on in New York?
Tavlarios: New York is one of the financial capitals of the world, and a place where we can speak to both owners and investors. Our stock is traded in New York, and we have also located a marketing team in NY to be close to our customers.
NYMAR: How do investors treat Aegean? As a tanker company or more of a logistics company? Clearly this influences valuations?
Tavlarios: Investors should treat Aegean as a logistics company. While we own bunker tankers, they really act as gas stations. We sell fuel to our customers and deliver them on our double hull tankers. Accordingly, our valuation is different than one would expect from a shipping company. We can obtain higher utilization and earnings from our assets than an ordinary shipping company.

NYMAR: What do you envision will be the impact of North America becoming an ECA (Emission Control Area)?

Tavlarios: Many places are becoming ECA's, and the threshold of allowable sulfur continues to decrease. We feel there will be a shortage of low-sulfur fuel resulting in increases in price. Unless there is a heavy investment in refinery infrastructure, or vessels introduce scrubbers, demand will force prices to rise.

We are already positioned for this shift, as Aegean has modern, double hull tankers with sufficient tank segregation to accommodate multiple products.
NYMAR: Thank you for your time.


Correction

In last month's interview with Captain Peter Swift, his organization was incorrectly identified. It should have been referenced as Maritime Industry Foundation. We apologize for any confusion.


Dahlman Rose Indices

Dahlman Rose & Co index data is calculated by Standard and Poor's and disseminated on a real-time basis by the Chicago Mercantile Exchange, representing publicly available indices that track the movements of U.S. listed Marine Transport companies.

http://www.dahlmanrose.com/indices


Monthly News

Capital Link Event Sets New Records!

The 3rd Annual Capital Link Forum "Invest in International Shipping" took place in New York City on March 26th with tremendous success. The conference was completely booked with a participation of 742 attendees and with standing room only for most presentations throughout the day. Attendance increased by over 25% from last year, setting a new record.

Mr. Guy Verberne - Head of Economics and Investment Strategy of Fortis Bank Nederland/Global Markets - gave his view on likely economic developments following the collapse of Lehman Brothers in the middle of September of last year. The "fear shock" that was the Lehman Brothers bankruptcy gave rise to very aggressive reductions in spending on consumer durables and investments -both on capital goods and business inventories. These adjustments have taken place on a global scale. As a result we are currently witnessing the sharpest contraction in world industrial production and world trade since World War II.

The good news is that recessions usually don't last very long: the post-war average for the United States stands at 10 months, while the longest recession lasted no more than 16 months. The current US recession ranks among the deepest in post-war history, but it is unlikely to break the record by more than a few months, thanks to assertive government interventions to preserve the banking system, and the very aggressive easing of fiscal and monetary policy.

Emerging economies as a whole are much better positioned than in the past to cope with the withdrawal of foreign capital, although countries with high dependence on commodity exports and those with large current account deficits are suffering badly. They also have much more leeway than developed economies for fiscal and monetary policy easing.

Mr. Dimitris Vranopoulos, Managing Director of Marine Plus, presented on "Developments in the global shipbuilding industry" and mentioned that "With an orderbook of 9653 ships, over 570 million dwt and worth 533 billion dollars will the shipping market go into deeper recession from oversupply of newbuilds?" The orderbook is indeed at an all time high, but one needs to consider other ongoing trends as well which will also have a significant impact: The orderbook is shrinking - by over 10 million dwt only in January of this year, as deliveries outpace new orders and demolition of vessels. Scrapping has picked up tremendously since the fourth quarter of 2008 - up to 10 million dwt only in December - January of this year. Cancellations from non-performance of inexperienced/green field yards, as well as insolvency of green field yards will further reduce the order book.

Harris Antoniou, CEO of Energy Commodities & Transportation of Fortis Bank Nederland gave an overview of the syndication markets for shipping and noted that "Following the collapse of Lehman Brothers the syndication markets for shipping loans basically stalled in a trend that seems will stay with us for the remainder of 2009 at least. Level of activity was close zero also in the US shipping markets. The situation here is exacerbated also as a result of the fact that 80% of the US related fleet is financed by European Financial Institutions that are in the process of limiting their involvement in ship finance as a result of a) weakened balance sheets and b) bank nationalizations that increase allocation to local rather than international markets."

Antoniou warned the audience of the negative effects of those two trends on the shipping industry, which is responsible for transporting 90% of the world's goods, in the most efficient and sustainable manner. He concluded saying that ship values will suffer, although we have seen the bulk of the correction already and that assertive policy reactions sill restore growth, but ship deliveries will dampen the effect on rates and values.

The day also included panels on different sectors: container, dry bulk and tanker. It also included a keynote address by Dr. Peter Swift of INTERTANKO, and company presentations.

All conference material, including an audio web cast of the various panels, is accessible on Capital Link's shipping web site, at www.CapitalLinkShipping.com. Our congratulations to Nicolas Bornozis for an extremely successful event!

 

Ships 'Sitting Ducks' for Attacks, With Few Options

By Todd Zeranski
April 13 (Bloomberg) -- Ships and their crews are attractive targets for pirates and vessel owners don't have many options for lessening the chance of attacks, shipping experts said.

"There's not an awful lot you can do with an oil tanker that can barely do 14 (16 miles per hour) or 15 knots, you're a bit of a sitting duck," Peter Bell, a senior vice president at General Maritime Corp., said today in a telephone interview. "Part of the problem with arming the crew is that these guys are not mercenaries, they're sailors."

U.S. snipers yesterday killed three Somali pirates and rescued a U.S. ship captain who had been held for five days aboard a lifeboat. Two days earlier, French snipers killed two Somali pirates and commandos stormed a captured yacht to arrest three others and free four French hostages. One hostage died in that operation.

Somali pirates vow to target American and French ships following the successful rescue operations. Attacks have surged this past month as pirates strike off the east coast of Somalia to avoid naval patrols in the Gulf of Aden, where about one- tenth of world trade passes to use the Suez Canal.

Shipowners "are reluctant to arm crew or take too many steps onboard vessels for fear of ratcheting things up, introducing the element of violence," Lawrence Rutkowski, vice chairman of New York Maritime Association, said in a phone interview. "The risk of loss of life is heightened."

Sniper Shots

The three pirates holding 53-year-old Richard Phillips were shot from the fantail of destroyer USS Bainbridge. A fourth pirate was onboard the U.S. vessel receiving medical treatment and was arrested.

Phillips's ship, Maersk Alabama, is operated by the Maersk Line, a Norfolk, Virginia-based U.S. unit of A.P. Moeller-Maersk A/S based in Copenhagen. The boat is in Mombasa, Kenya and the crew isn't being allowed to return home yet because Federal Bureau of Investigation agents have deemed it a crime zone.

The Alabama is the first U.S.-flagged vessel hijacked since a maritime protection corridor was set up near Somalia in August.

Many ports have laws barring ships with arms onboard, said Bruce Paulsen, a lawyer at Seward & Kissel in New York, who was involved in negotiations for a ransomed Liberian-flagged chemical tanker.

Robust Defense

"If you come under attack, robustly defend yourself," Giles Noakes, head of security at Copenhagen-based Bimco, the world's largest shipping organization, said. "Raise your speed to create a wake. Use fire hoses to delay them coming on board. Ring the boat with barbed or razor wire. It's almost impossible to cut your way through razor wire while simultaneously trying to board a moving vessel."

General Maritime is advising its ship captains to post extra watches and make sure fire hoses are always pressurized so they are available to fend off pirates trying to climb onboard, Bell said. Its ships avoid the Gulf of Aden altogether, he said. General Maritime is the second-largest U.S. oil-tanker owner.

Some ships are deploying high-decibel audio horns that can be directed at attacking pirates and drive them away from ships, Rutkowski said.

Overseas Shipholding Group Inc. Chief Executive Morten Arntzen said the shipowner doesn't disclose what measures it takes to protect vessels and crew. The company is the largest U.S.-based oil-tanker owner.

To contact the reporter on this story:
Todd Zeranski in New York at tzeranski@bloomberg.net

Last Updated: April 13, 2009 13:37 EDT
© 2009 Bloomberg L.P. All rights reserved. Used with permission.

 

NYMAR's Annual General Meeting and Reception

Members are hereby notified that the Annual General Meeting of NYMAR will be held on May 7, 2009 commencing at 5:00PM at the Harvard Club (27 W. 44th St, NY,NY). General business, confirmation of officers and directors, and Members Concerns will be discussed. A Member's reception will follow. NYMAR wishes to thank Clay Maitland for hosting the meeting and reception. Please contact Carleen Lyden-Kluss at info@nymar.org to register your attendance.

 

Polishing the Big Apple- May 8th

Join us for a breakfast seminar on May 8th at 0745 to hear industry leaders address "Polishing the Apple: A look at today's shipping realities". The seminar will be held at the Weissman Center of Baruch College and will feature a line up including Paul Bingham of Global Insight, Joe Bonney of the Journal of Commerce, Stephanie Kasselakis of Poten Capital, Richard Larrabee of the Port Authority of New York/New Jersey, Omar Noktar of Dahlman Rose, and William Rooney of Hanjin Shipping. For more information, click here.

 

Financial Performance Charts

Shipping Company Performance Chart (NYSE)
(source: NYSE)

Symbol Company Name Price 3/10 USD Price 4/9 USD % Chg Current Mkt Cap ($mm) Exchange
BOL-FR Bollore (Financiere de L'Odet) $76.02 $83.11 9% $2,711 EN Paris
VPK-NL Koninklijke Vopak NV $26.48 $31.43 19% $2,592 EN Amsterdam
TDW-US Tidewater Inc $33.56 $41.74 24% $2,151 NYSE
FRO-US Frontline Ltd. $17.56 $18.07 3% $1,407 NYSE
KEX-US Kirby Corporation $21.72 $29.70 37% $1,597 NYSE
DSX-US Diana Shipping, Inc. $13.53 $13.19 -3% $995 NYSE
TK-US Teekay Corporation $13.18 $13.67 4% $991 NYSE
NAT-US Nordic American Tanker $24.81 $29.95 21% $1,135 NYSE
SMIT-NL Smit Internationale NV $34.00 $43.63 28% $1,026 EN Amsterdam
GLF-US Gulfmark Offshore Inc. $17.40 $29.29 68% $743 NYSE
AXB-US Alexander & Baldwin, Inc.* $17.28 $23.03 33% $945 NYSE
ANW-US Aegean Marine Petroleum Network, Inc. $16.18 $16.97 5% $722 NYSE
CMB-BE Compagnie Maritime Belge $14.49 $16.80 16% $777 EN Brussels
OSG-US Overseas Shipholding Group Inc. $22.59 $26.46 17% $711 NYSE
EURN-BE Euronav NV $9.05 $11.90 31% $813 EN Brussels
SSW-US Seaspan Corporation $8.34 $9.63 15% $647 NYSE
TGP-US Teekay Lng Partners L.P. $18.25 $16.66 -9% $622 NYSE
SAGA-FR Saga S.A. $69.86 $45.91 -34% $358 EN Paris
TNP-US Tsakos Energy Navigation Ltd. $13.23 $17.54 33% $661 NYSE
GNK-US Genco Shipping & Trading Limited $14.08 $14.20 1% $450 NYSE
GMR-US General Maritime Corp. $6.89 $9.17 33% $530 NYSE
SFL-US Ship Finance International Limited $4.76 $7.80 64% $567 NYSE
EXM-BE Exmar NV $6.60 $7.05 7% $332 EN Brussels
NNA-US Navios Maritime Acquisition Corporation* $9.06 $9.07 0% $287 NYSE
NM-US Navios Maritime Holdings Inc.(Marshall Islands) $2.24 $2.35 5% $236 NYSE
TOO-US Teekay Offshore Partners L.P. $11.09 $12.92 17% $259 NYSE
DAC-US Danaos Corporation $3.99 $3.75 -6% $205 NYSE
KSP-US K-Sea Transportation Partners L.P. $15.90 $19.50 23% $266 NYSE
OKN-US Oceanaut Inc. $8.20 $8.24 0% $202 NYSE
EXM-US Excel Maritime Carriers $4.43 $6.77 53% $303 NYSE
SB-US Safe Bulkers, Inc.* $3.28 $3.60 10% $196 NYSE
DHT-US Double Hull Tankers, Inc. $4.49 $3.94 -12% $190 NYSE
ISH-US Intl Shipholding Corp. $18.54 $20.08 8% $145 NYSE
TNK-US Teekay Tankers Ltd $9.05 $10.70 18% $134 NYSE
NMM-US Navios Maritime Partners L.P. $7.34 $8.68 18% $118 NYSE
HRZ-US Horizon Lines, Inc. $3.25 $3.48 7% $105 NYSE
OSP-US OSG America L.P. $5.94 $8.14 37% $122 NYSE
GSL-US Global Ship Lease, Inc $2.08 $2.14 3% $73 NYSE
CAP-US CAI International Inc. $2.79 $3.41 22% $61 NYSE
ORE-PT Sociedade Comercial Orey Antunes Sa $2.50 $2.50 0% $45 EN Lisbon
BHO-US B&H Ocean Carriers Ltd $1.62 $1.87 15% $11 NYSE
HZV1-BE Hanzevast CS 1 $920.00 $990.00 8% $9 EN Belgium


Shipping Company Performance Chart (NASDAQ OMX)
(source: NASDAQ OMX)

Symbol Company Name Price USD 3/13/2009 Price USD 4/13/2009 % Chg Current Mkt Cap ($mm) Exchange
MAERSK.B-DK A.P. Moller-Maersk A/S $4,149.88 $4,702.01 13.3% $19,350 Copenhagen
DNORD-DK D/S Norden A/S $26.80 $27.71 3.4% $1,175 Copenhagen
TORM-DK Dampskibsselskabet Torm A/S $8.82 $8.26 -6.3% $572 Copenhagen
DFDS-DK DFDS A/S $57.06 $51.85 -9.1% $397 Copenhagen
DRYS-US DryShips Inc. $4.11 $5.07 23.4% $358 NASDAQ
GLNG-US Golar LNG Ltd. $2.96 $4.30 45.3% $289 NASDAQ
TAL1T-EE Tallink Grupp AS $0.39 $0.43 10.2% $286 Tallinn
MMLP-US Martin Midstream Partners L.P. $16.84 $19.09 13.4% $278 NASDAQ
FLG1S-FI Finnlines Oyj $7.14 $6.22 -12.9% $253 Helsinki
TBSI-US TBS International Ltd. Cl A $6.04 $8.23 36.3% $246 NASDAQ
VLCCF-US Knightsbridge Tankers Ltd. $13.00 $14.22 9.4% $243 NASDAQ
EGLE-US Eagle Bulk Shipping Inc. $4.69 $4.86 3.6% $229 NASDAQ
ACLI-US American Commercial Lines Inc. $2.17 $4.41 103.2% $224 NASDAQ
CPLP-US Capital Product Partners L.P. $6.25 $7.05 12.8% $179 NASDAQ
SBLK-US Star Bulk Carriers Corp. $1.66 $2.93 76.5% $171 NASDAQ
LSC1R-LV Latvijas Kugnieciba $0.82 $0.85 3.0% $169 Riga
ESEA-US Euroseas Ltd. $4.62 $4.50 -2.6% $138 NASDAQ
MOLS-DK Mols-Linien A/S $7.54 $9.48 25.7% $132 Copenhagen
GASS-US StealthGas Inc. $4.85 $5.07 4.5% $113 NASDAQ
RABT.B-SE Rederi AB Transatlantic $2.90 $3.56 23.0% $99 Stockholm
CCOR.B-SE Concordia Maritime AB $1.49 $1.94 30.3% $93 Stockholm
PRGN-US Paragon Shipping Inc. (Cl A) $3.94 $3.37 -14.5% $91 NASDAQ
SHIP-US Seanergy Maritime Corp. $4.15 $3.63 -12.5% $81 NASDAQ
ULTR-US Ultrapetrol (Bahamas) Ltd. $2.14 $2.74 28.0% $81 NASDAQ
ONAV-US Omega Navigation Enterprises Inc. (Cl A) $3.68 $3.90 6.0% $59 NASDAQ
TRBR-US Trailer Bridge Inc. $2.25 $3.48 54.7% $42 NASDAQ
RLOG-US Rand Logistics Inc. $2.75 $3.19 16.0% $41 NASDAQ
TOPS-US TOP Ships Inc. $0.90 $1.34 48.9% $41 NASDAQ
NORDIC-DK Nordic Tankers A/S $5.34 $4.65 -13.0% $33 Copenhagen
LJL1L-LT Lietuvos Juru Laivininkyste $0.12 $0.14 12.7% $28 Vilinus
LLK1L-LT Limarko Laivininkystes Kompanija ORS $0.22 $0.23 3.3% $28 Vilinus
FREE-US FreeSeas Inc. $0.72 $1.24 72.1% $26 NASDAQ
OCNF-US OceanFreight Inc. $1.18 $1.36 15.3% $25 NASDAQ
RAMS-US Aries Maritime Transport Ltd. $0.45 $0.41 -8.9% $12 NASDAQ
HFEIM-IS Eimskipafelag Islands hf. $0.01 $0.01 -4.3% $11 Reykjavik
SINO-US Sino-Global Shipping America Ltd. $2.23 $2.72 22.0% $8 NASDAQ
ORION-DK D/S Orion $2.75 $3.02 9.9% $8 Copenhagen
ICM-SE ICM Kungsholms AB $2.18 $2.11 -3.1% $6 Stockholm
SRAB.B-SE SRAB Shipping AB $0.16 $0.11 -31.3% $4 First North
STRM.B-SE Stormfageln AB $0.10 $0.11 14.0% $2 Stockholm


Transportation Index Charts
(source: NASDAQ Market Intelligence Desk)

NASDAQ Indexed Price Changes

NASDAQ/Transportation

NASDAQ Composite Index


Taste of NYC | Upcoming Events and Entertainment

NYC Websites

Calling all Dead Heads (and you know who you are underneath those pinstripes!). The Grateful Dead are coming back to life in the Tri-State area!! Get your tickets now for the upcoming tour of the Dead. April 24th at Nassau Coliseum, April 25th at Madison Square Garden, and April 26th at the XL Center in Hartford.

And speaking of pinstripes, have you checked out the new Yankee Stadium??? Word on the street has it that the food is terrific, and the atmosphere sublime! Bodes well for a good season, no?

And not to be outdone, New York has not one, but TWO new baseball stadiums. Next time you are flying into La Guardia, just look down onto the new Citigroup Stadium, home to the Mets. Batter up!!!!

New York State Travel & Tourism

To speak with a travel counselor, call during regular business hours (Eastern Standard Time) at 800/CALL-NYS (U.S., territories, possessions and Canada) or 518/474-4116 (all other areas). http://www.iloveny.com/home.aspx

New York City Travel & Tourism (NY City & Company)
212-484-1222

NYC 311 - City of New York directory assistance covering events, attractions and other citywide information

  • Dial 311 in Manhattan (NYC), Staten Island, Bronx, Queens and Long Island.
  • Dial 212-639-9675 outside of Manhattan (NYC), Staten Island, Bronx, Queens and Long Island. This is a toll call.
 
Designer: Gayle Erickson
Web Master: Christine Olick
New York Maritime Inc./NYMAR
P. O. Box 218, 132 East 43rd Street
New York, New York 10017
Tel: +718 841-74NY (69)
Email: info@nymar.org
Remove me from this list