From 2002 to 2008, the robust economic growth cycle in developed countries and Asia supported unprecedented demand in the shipping industry. The order book for new vessels swelled in an effort to keep pace with this demand and vessel values in certain sectors increased dramatically as a result. However, the recent global recession has caused a sharp fall in demand for shipping with freight rates and vessel values experiencing significant declines from peak levels.
This demand shift colliding with the global credit crisis has led to cancelled vessel orders, financial restructurings and bankruptcies. Seabury Maritime Advisors has a proven track record of success in corporate turnarounds and restructurings, and is well positioned with its team to assist shipping clients through these difficult times.
Seabury Maritime Advisors, with offices in the US, Europe and Asia, provides comprehensive advisory and investment banking services, including capital markets, M&A advisory, business strategy, restructuring and creditor & investor advisory to domestic and international shipping, shipbuilding and ship repair services, offshore and oil services, port authority, cruise, freight forwarders and logistics companies.
In addition to the foregoing, affiliates of Seabury have access to US$300MM of leverageable private equity which can be used for joint ventures, buyouts or significant minority investments. Preferred candidates have EBITDA in excess of US$25MM and involve equity investments of US$100MM or more. We believe that access to such funding in a difficult capital markets environment may benefit our clients in connection with growth or expansion initiatives that they may have.
