Florida-based Noble Capital Markets is sticking to its guns in shipping research coverage and investment-banking services despite the defections of two key staffers.

A top Noble executive confirmed to TradeWinds in a recent interview that the Boca Raton-based boutique bank continues to see shipping as a key coverage area five years after its 2017 entry.

“Yes, we are continuing coverage,” said Michael Kupinski, Noble’s director of research.

Kupinski spoke after Noble’s shipping team — analyst Poe Fratt and investment banker Mark Suarez — bolted the firm for New York’s Alliance Global Partners on the eve of Noble’s annual NobleCon investment conference in Florida.