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 combination of our shareholders‘strengths is unique in the global market for restructuring shipping debt. NORD/LB has decades of experience in the shipping finance business. OFFEN Group is one of the world’s largest providers of cargo tonnage. Caplantic has extensive experience in managing and modelling risks of large loan portfolios as well as modelling complex shipping portfolios. Caplantic also maintains a large network of potential investors that can be activated if necessary for our clients.
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Board of Directors
Our board of directors comprises experienced senior managers from our respective shareholders.
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The team responsible for the daily operational management of COA has extensive experience in both the shipping and financial industries.