Mark M. Jaffe
Mr. Jaffe has counseled major shipping groups with respect to their corporate structure, operations, and insurance. He is also involved in general corporate work, mergers and acquisitions, taxation, equipment financing and leasing, FMC and other regulatory work, and civil litigation.
Some experts have been cautioning that the present depressed state of the dry cargo markets is unlikely to turn around for at least two years. Such is certainly going to be a subject of debate at shipowning families in Europe and the Far East. These families will be pondering how fleets of new or fairly new bulk vessels, costing between $30 and $40 million, are facing historically low market rates of less than $5,000 per day, which fail to cover...Continue Reading...