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ARTICLE · 09 MARCH 2011

CMA Shipping 2011

Blank Rome LLP
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The theme of this year’s Connecticut Maritime Association ("CMA") Shipping 2011 Conference "forward"— is laden with ambiguity. Given the current business climate, that is as it should be.

United StatesTransport
John Kimball
John Kimball

The theme of this year's Connecticut Maritime Association ("CMA") Shipping 2011 Conference "forward"— is laden with ambiguity. Given the current business climate, that is as it should be. Does "forward" reflect the fact that there was positive movement and profitability in the shipping industry in the past year? That certainly was the case for some segments of the industry. Or is "forward" only an aspiration, recognizing there is a long way to go before we will have a business climate which most would agree is good for shipping?

Everyone would agree that shipping experienced some major setbacks in the past year. Let me focus on just two major ones—piracy and the consequences of Deepwater Horizon.

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