Ama Capital Partners News

SEACOR Holdings Inc. announced it has concluded the sale of its Caribbean liner and logistics business SEACOR Container Lines LLC (“SEACOR Island Lines”) to King Ocean Services Ltd. The transaction includes all operations and assets.King Ocean specializes in marine transportation and logistics solutions to close to 50 destinations across the Caribbean and South and Central America out of their Port Everglades facilities in Ft Lauderdale, Fla.“For 40 years, King Ocean, a multi-generational…

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

KKR has formed Maritime Finance Company, a new specialty $580-million company created to lend to the maritime industry & fill void left by exit of traditional lenders. Led by former Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky, Maritime Finance is an asset-based lender focused on maritime assets in the offshore oil field services and traditional shipping sectors. The Company will originate, structure, underwrite, invest in and distribute debt financings secured by high-quality maritime assets, including drilling rigs, development and production assets, subsea construction vessels and other traditional shipping assets.

NYMAR (New York Maritime Inc.) board members will visit the Nor-Shipping expo to promote the New York Maritime cluster. Leading the delegation is NYMAR’s newly anointed Chairman, Clay Maitland of the Marshall Islands Ship Registry. Joining him are Brian Devine, newly of Norton Rose,  Seward & Kissel partner Larry Rutkowski, AMA Capital Partners’ Kevin O’Hara, Kathy Haines of Heidmar, and Nordea’s Martin Lunder. “Nor-Shipping is an ideal opportunity for NYMAR to broadcast the attractiveness of New York as a business center”, stated delegation leader Maitland.

Clay Maitland to join Peter Shaerf as organization’s chief drivers. New York Maritime Inc. (NYMAR) Chairman, Peter Shaerf of AMA Capital Partners, has announced  that Clay Maitland will join him in heading this organization whose mission is to promote the New York maritime cluster effective immediately. NYMAR will be celebrating its tenth anniversary next year. Together they will serve as Co-Chairmen of the organization. “There are many strategic opportunities that are arising out of the current economic crises” stated Shaerf.

Melvyn J. Dennett, Admanthos Shipping Agency, Inc. Jim Bradford, General Manager – Operations, Gulf Offshore N.S. Dr. William J. Dr. David W. Costas M. Fostiropoulos, Chairman, Almi Tankers S.A. Dr. Ian J. Jim Miller, President & CEO, Aker Philadelphia Shipyard, Inc. Mrs. Leif Kristian Nielsen, Executive Vice President, A.P. Dimitrios Patrikios, General Manager, Springfield Shipping Co., S.A. Leonidas S. Polemis, Manager, Remi Maritime Corp. Gerard H. Capt. Yodchai Ratanachiwakorn, Operations Director, Thoresen & Co., (Bangkok) Ltd. I.S. Dalton Marcio Schmitt, Managing Director, Astromaritima Navegacao S.A. William Scott, Manager, Engineering & Technical Services, Tidewater Inc. Peter S. Josh M. Suhartoko, Senior Vice President – Shipping, PT.

WISTA (Women’s International Shipping and Trading Association) will be hosting the WISTA Annual Conference in . With a conference theme of “Raising the Profile- Reducing the Footprint”, the 2008 Conference will host over 200 international and national delegates with sessions covering the most pressing issues faced by the industry today. Featured speakers include a welcome to conference participants by Admiral Vivien Crea, Vice Commandant of the United States Coast Guard, Katharine Newman of ConocoPhillips speaking on Criminal Enforcement of Environmental Laws, United States Coast Guard Judge Advocate General Rear Admiral William Baumgartner addressing recent regulatory and legislative developments…

Peter Shaerf, a Managing Director of investment house AMA Capital Partners LLC, was recently elected the new Chairman of the Board of NYMAR (New York Maritime Inc.). He takes over the reins from Bill Honan of Holland and Knight. In his first week in office, Peter has stated his intent to better market New York as “The Capital for Shipping”. Peter joined AMA in 2002. He started in the industry over 30 years ago and worked for many years as a shipbroker for container and dry cargo vessels. Peter is also a Director of General Maritime Corp (NYSE), Seaspan Corporation (NYSE), and TBS International (NASDAQ).

A forum entitled “New York Maritime Matters: Capital Markets: Today and Tomorrow” will be held on September 20th at the Lincoln Center Campus of Fordham University School of Law. Sponsored by New York Maritime (NYMAR) and the Fordham University School of Law, the seminar will be held from 4-6pm, followed by a wine reception. This forum will explore the recent volatility in the capital markets and the impact on shipping, as well as examine capital requirements for port infrastructure. Led by AMA Capital Partners’ Managing Director Peter Shaerf, a panel of shipping experts including Sophocles Zoullas (CEO, Eagle Bulk), John Wobensmith (CFO, Genco Shipping & Trading) and Omar Nokta (Analyst, Dahlman Rose) will discuss the recent volatility in the shipping capital markets.