Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping,...

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Restrukturering og konsolidering innen offshore

Erfaringer så langt og hva er i vente ?Haugesundskonferansen - 7 February 2017

Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock

Three fundamentals for DNB in restructurings

Safeguard DNB’sposition

Solve the challenge

for the client

Maintain our position

within the maritime

industry

Restructuring is needed!Photo: Scanpix – Halvard Alvik

High complexity in restructurings!

C o m p a n y

ECAs (GIEK)

DNB

Other Banks

Club, Agent

Arranger

Owner(s)Client ?

Client

Bond Investors Yards

Syndicate ?

Competitors

Other Clients ?

Charterers

Suppliers

Tax Authorities

Tonnage suppliers

Leasing companies

Client ?

Client ?Client ?

Client ?

Balanced Solution

Company to be restructured

Yards

Owners

Banks

ECAs

Tonnage Providers

Bond InvestorsSuppliers

Charterers

Tax Authorities

The offshore industry needs new capital !(…and new cash is king…)

The offshore industry needs consolidation !

Capital

structureOperating

structure

COMPANY

Fleet

structure

Ownership

structure

The offshore industry needs sustainable business models!

Market

structure

Three fundamentals for DNB in restructurings

Safeguard DNB’sposition

Solve the challenge

for the client

Maintain our position

within the maritime

industry