Basil M Karatzas to speak at the Tugs, Towboats & Barges (TTB) Conference

image descriptionBasil M. Karatzas, Founder and CEO of Karatzas Marine Advisors & Co.

In a tough market, how can inland and coastal operators finance projects such as newbuilds needed when the costs of Sub M compliance make keeping older tonnage on the water increasingly expensive?

Among the speakers at Marine Log’s TTB – Tugs, Towboats & Barges event will be Basil M. Karatzas, founder and CEO of Karatzas Marine Advisors & Co., a shipping finance advisory and ship-brokerage firm based in New York City. His topic: “Finding access to capital for brown water Jones Act operations.”

Karatzas has diverse maritime industry expertise in the fields of shipping finance, port operations, charterers’ and husbandry agency, charter and ship brokerage, and vessel management and operations. In an advisory capacity, he has originated and executed multiple finance-oriented transactions in shipping such as sale & leaseback transactions, private placements for equity, mezz, debt and structured finance.

To be held at the Renaissance Mobile Riverview Plaza in Mobile, Ala., March 24 & 25, TTB will build on our previous TUGS & BARGES events but with expanded waterways industry coverage.

Check out the program and register to attend HERE

We are looking forward to seeing you in Mobile, Ala., at the end of March at the TTB Conference by Marine Log, and discussing not only current (and exciting) developments in the inland tug, towboats and barge in the “brown water” market, but also for coastal shipping, Jones Act ocean-going markets, offshore in the GOM, but also financing ideas and opportunities for making the best under the challenging market conditions!

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NOTICE: THIS BLOG UPDATES INFREQUENTLY; NEW POSTINGS APPEAR ON KARATZAS AUCTIONS – PLEASE FEEL TO FOLLOW US THERE!

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© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website. Whilst every effort has been made to ensure that information here within has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

Strategic Developments in the Jones Act Market

The Jones Act market had regularly been front-page news a couple of years ago when, at the top of the market, a Jones Act products tanker achieved $120,000 daily rate for an one-year TC by a major oil company. With shale oil production going strong and cheap money aplenty, lots of attention was drawn to the Jones Act market, and much of such attention was from different type of players, outside the typical ‘shipowner market’ – the seaways transport providers, the providers of one link only in the long supply chain. In the article originally published in Marine News magazine in December 2015 under the title “Trailblazing Transactions in the Jones Act Market”, Basil M. Karatzas contemplates on the market trends of the Jones Act industry.

Given the weak state of the Jones Act market (widely defined to include ‘brown water’ assets, too) and the energy and offshore industries at present, the trend of well-diversified and well-capitalized players expanding in the market is likely to continue…probably the topic of a new article in the near future!

Article can be accessed by clicking on cover page of the December issue of Marine News herebelow.

Article is copyrighted material of Marine News and New Wave Media.

COVER_2015 12DEC MN Trailblaizing Transactions in the Jones Act Market


© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website. Whilst every effort has been made to ensure that information here within has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

2015 12DEC MN Trailblazing Transactions in the Jones Act Market