Shipping Downturn: A Survivor's Guide

Press Release
Sunday, June 16, 2013

Global law firm White & Case LLP release a new report – 'Restructuring & Beyond' –  focusing on survival strategies for those affected by the industry's downturn as well as emerging opportunities for companies, banks and investors.

"Market equilibrium remains out of balance, and risks remain for the maritime sector," said Christopher Frampton, Partner and Global Head of the Asset Finance Practice of White & Case. "We have seen some contraction in the bank market. This, together with continued demand for capital, presents opportunities for alternate sources of finance. Private equity and the export credit agencies may bridge a part of the gap, but with portfolio composition evolving for other investors, we may see a fresh focus on the US capital markets."

The report features insight from industry experts including Richard Haines, a ship broker at Howe Robinson; Paul Slater, chairman of First International; Erik Nikolai Stavseth, an analyst at Arctic Securities and Albert Stein, managing director at AlixPartners.

The report examines:
    •    Strategic and practical measures companies under threat might take to preserve their future
    •    How lenders and investors can support companies by continuing to deploy capital
    •    New opportunities for investors and new sources of capital
    •    The role of banks, private equity and, potentially, the capital markets in maritime financing
    •    Which sectors of the maritime industry may represent the best opportunities for recovery and growth
    •    The impact of US bankruptcy law on the global shipping business

White & Case say that their  lawyers are responsible for handling the strategic legal work on some of the most prominent and complicated restructuring, refinancing and capital raising transactions in recent years in the maritime sector.  Examples include advising the creditors in connection with the successful restructuring of TORM (the Danish listed product tanker and dry bulk market operator) and the emergence of General Maritime from bankruptcy protection after just six months as well as representing the capital providers in structured financings for new delivery large container ships and various off-shore rigs (FPSO vessels and FSRUs).

To download the (free) report click here.
 

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

People & Company News

SUNY Maritime College Names ABS Chairs

The State University of New York (SUNY) Maritime College has selected Dr. Richard Burke and Dr. Christopher Clott as its inaugural ABS chairs following a comprehensive

Austal Starts Next US Littoral Combat Ship

Austal and the U.S. Navy held a keel-laying ceremony today for the future USS Manchester (LCS 14), marking the first significant milestone in its construction.

Conference to Delve into Hybrid Power & Propulsion

The first international Hybrid Marine Power & Propulsion Conference will be held at the RNLI Lifeboat College, Poole UK from October 6-8, 2015.   Shock Mitigation

Finance

Multimodal Freight Bill Introduced in US Senate

Cantwell, Booker, Murray, Markey introduce freight investment legislation aiming to eliminate chokepoints at critical highway, rail, port and intermodal facilities to support economic growth,

Crowley Acquires 4,300 Pieces of Liner Equipment

In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

News

HMS Queen Elizabeth Powers to Life

U.K. Royal Navy aircraft carrier HMS Queen Elizabeth has produced power from her onboard diesel generators (DGs) for the first time, marking a significant stage in the program.

Maritime, Migration Heads Pledge Joint Action

The heads of the International Maritime Organization (IMO) and the International Organization for Migration (IOM) on Monday, June 29 reaffirmed their commitment

SUNY Maritime College Names ABS Chairs

The State University of New York (SUNY) Maritime College has selected Dr. Richard Burke and Dr. Christopher Clott as its inaugural ABS chairs following a comprehensive

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1515 sec (7 req/sec)