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

People & Company News

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

Finance

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Houston Port Commission Approves budget

The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority.   Projections

News

USCG Assist Duck Hunters Near Harrington Beach Park

The Coast Guard and the Port Washington and Cedar Grove Fire Departments came to the assistance of two duck hunters on Lake Michigan Friday. The names of those involved are not being released.

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Ship Repair 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: 0.1601 sec (6 req/sec)