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Meet LISA - the Long Island Shipping AssociationMeet LISA - the Long Island Shipping Association

Regional shipping associations are the rage around the New York metropolitan area. Following in the footsteps of other social groups, most notably to the north in Westchester County, a group of shipping professionals residing in Long Island, which extends 120 miles to the east from midtown New York, have hatched LISA - the Long Island Shipping Association.

Barry Parker, New York Correspondent

November 17, 2015

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Though still in its formative stages, the organisation’s “Commodore” is investment banker/ deal-maker Dave Herman, of midtown-based Castine Maritime, who took the initiative and organized two meetings- the first in late July, and the most recent at end October. The venue for the meetings is Hendricks Tavern, in Roslyn, a “North Shore” suburb not far from the outer reaches of New York City proper. In Colonial days (when George Washington was an overnight guest at the 1740-vintage building now housing Hendricks), Roslyn was among a whole string of coastal ports that served the timber and general merchandise trades.

Rather than providing a dinner speaker, the group has decided that participants should discuss important shipping issues while they eat- with barbecued ribs being a house specialty. Though Mr. Herman attempted to steer the late October conversation towards the dry bulk markets, and possible investment opportunities, the group got caught up, instead, in a discussion of the Jones Act, forming a consensus that its US build component might possibly be coming under serious scrutiny in the future. Like everything else with shipping, geography looms large.

The group has agreed that Manhattan and Connecticut residents with weekend/ summer residences in the Hamptons - geographically part of Long Island - and residents of Brooklyn and Queens - administratively in New York City, but physically on “the island” be allowed to participate in the organisation. The attire is business casual, but tanker brokers/ project specialists wearing green or pink pants will be allowed per the “dress code” section of the LISA constitution being drafted by a prominent maritime lawyer who is a member of the group.

About the Author

Barry Parker

New York Correspondent

Barry Parker is a New York-based maritime specialist and writer, associated with Seatrade since 1980. His early work was in drybulk chartering, and in the early 1990s he moved into shipping finance where he served as a deal-maker and analyst with a leading maritime merchant bank. Since the late 1990s he has worked for a group of select clients on various maritime projects, also remaining active as a writer.

Barry Parker is the author of an Eco-tanker study for CLSA and a presentation to the Baltic Exchange Freight Market User Group on the arbitrage of tanker FFAs with listed tanker equities.

 

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