A NOTE FROM THE EDITOR
by Thomas H. Belknap, Jr.
The opening session for this
year's Connecticut
Maritime Association Shipping Conference is titled, "We've
always been an industry, now we need to be a business." The
subtitle explains that the session will explore how the maritime
industry can "contend with a world of challenges and still
make money." These are, perhaps, not new questions, but they
are ones that have assumed increasing importance as we start the
ninth year of what seems to many to be an eternal economic
hangover.
Not all areas of the business have been stagnant, of course, and
there have unquestionably been opportunities to make money in these
past few years. But there have been many pitfalls as well, and we
have seen the effects on many fronts, from a proliferation of
maritime arrest and attachment actions, arbitrations and
litigation, bankruptcies, and distressed workout deals, to
ever-expanding and stricter regulatory activity, to active
