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 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

Finance

Adani Group Revamps Businesses

Adani Enterprises Limited together with its subsidiaries Adani Ports and Special Economic Zone Limited (“APSEZ”) and Adani Power Limited (“APL”) today announced

PHA Budgets $ 275 mi for Capital Improvements

In 2015, the Port of Houston Authority has budgeted $275 million for various capital improvement projects. About $184 million is being allocated to its container

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

Consulting

SECNAV Completes Visit to Paraguay

Secretary of the Navy (SECNAV) Ray Mabus completed a visit to Paraguay Jan. 29 during which he met with Republic of Paraguay President Horacio Cartes to discuss

AAL Launches New Operation in Japan

AAL has announced the launch of a new operation in Japan AAL said the move aims to provide services and on-ground operational support directly to customers in the country,

ClassNK Releases Improved "e-Application"

ClassNK announced the release of an improved "e-Application" system. This improvement was planned based on requests from the users. Therefore, firstly we would

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1642 sec (6 req/sec)