NYMAR is a member-based association of maritime companies in the greater metropolitan New York area whose goal is to promote the benefits of the region as a maritime business center in order to attract more businesses to share in the opportunities available in this robust area. NYMAR hosts an annual seminar, and participates in many area conferences and events. The New York Maritime Cluster is home to over 250 shipping companies, who are continually reaping the benefits of the area's extensive resources and infrastructure (banks, lawyers, insurance and arbitration). New York is also the world's best tax haven for a foreign shipping company to base its operations if it qualifies for exemption under US tax laws or a US treaty Top 3 reasons for doing business in New York: #1 New York remains the world’s financial center, and shipping figures prominently in it. More shipping companies are listed on the New York exchanges than any other exchange. New York is the epicenter for private equity, bonds and alternative financing all of which provides much needed capital to the maritime industry. #2 Comprehensive maritime community embracing shipping companies, financial institutions, law firms, insurance, brokerage, arbitration, cargo handling, freight forwarding, media and more! #3 The port of New York is the third largest port in North America, and the busiest on the East Coast. It is the largest refined petroleum product port, as well as the largest auto import/export port, in the United States.