Business Consultancy Sets Up Maritime Practice

Press Release
Wednesday, April 25, 2012

AlixPartners global business advisory firm launches specialised practice – AlixPartners Global Maritime Practice

As the $380-billion international maritime industry continues to try to find its bearings following the perfect storm of the financial crisis, the Great Recession and skyrocketing fuel costs, AlixPartners, the global business-advisory firm, today announced that it has officially christened its cross-functional group that helps clients in this space the AlixPartners Global Maritime Practice.

The firm also stated today that while companies in the maritime industry have recently announced significant cost-savings initiatives, many balance sheets in the industry are still extremely weak, which could lead to further consolidation in the industry in the year ahead

Said Fred Crawford, CEO of AlixPartners: "Approximately 90% of world trade is carried by the international maritime industry, and as the industry continues to dig out from the global recession and resulting vessel overcapacity, maritime companies and their owners and creditors will face an increasingly challenging environment where cash-management pressures and critical operational issues will be accentuated by the ongoing sluggish global economic outlook. Our maritime team at AlixPartners is deeply experienced, and able to offer -- anywhere in world -- comprehensive solutions to companies, owners or creditors across the entire spectrum of operations, capital structuring and transaction advisory."

AlixPartners' maritime team has established a reputation around the world for successfully working through a spectrum of extremely complex shipping situations, on both the company/sponsor side and the creditor side. AlixPartners' areas of assistance and advice in the shipping space spans restructuring, complex financial stakeholder negotiation, aggressive cash management, business-plan development and constituency relationship management. The firm has maritime and other transportation experts based around the globe, such as North America, the United Kingdom, Germany, Hong Kong, Singapore and Greece.

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ThyssenKrupp Says Submarines Part of Growth Story

Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.

Two Newbuilds Delivered to Star Bulk

Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers

Brazil Truck Strike Diminishes

Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a

Finance

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

Consulting

Navy Reserve Celebrates Centennial Anniversary

Service members and civilians packed the Pentagon Library Conference Center for the Navy Reserve Centennial Kickoff Celebration March 2. Chief of Navy Reserve Vice Adm.

“Bright Ideas” program - Ash Center - Harvard University

The Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government, Harvard University, recognized the Port of Houston Partners

India to Appoint Coastal Shipping Consultant

As part of Narendra Modi government plan to promote coastal shipping, India is all set to appoint a consultancy firm to assist the Shipping Ministry.    The

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1794 sec (6 req/sec)