After the collapse of the shipping industry in 2008, many banks decided to strategically withdraw from their ship financing activities. Many market participants continue to rid themselves from their remaining loan portfolios. Similarly the market participants that have remained now often require detailed business plans before approving extensions on shipping loans. Crystal Ocean has the necessary know-how of both the shipping and finance industry to successfully restructure shipping debt.
The team responsible for the daily operational management of COA has extensive experience in both the shipping and financial industries.