Dry Bulk to Boom in 2016?


Dry bulk is likely to see a surge of reorganisation throughout 2016, despite extensive debt renegotiation attempts after the financial crisis of 2009, according to IHS Fairplay.

Throughout previous years, a vast amount of European shipping banks have sold their shipping debt to financial investors.

In prior years ship-owners had dealt with a commercial banker, but may now be dealing with a private equity (PE) representative that purchased the owner’s debt in the second- hand market,

Read: Shipping Outlook ‘Volatile’ in 2016

PE has gained large stakes in areas such as dry bulk, where in the past the relationship was substantially conservative; bankers were the lenders and borrowers were traditional family ship-owners. 

Randee Day, Founder of Restructuring Advisor Day and Partners, concluded: “You’re dealing with different people at the table.”

Read: Shipping Elite Launch ‘Transitional Measures’

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