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

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Jones Act Financing: A New World

Jones Act Financing: A New World

For those active in the international shipping industry and shipping finance, the new seascape in the market since 2010 has been abundantly clear. A weak freight environment coupled with a tectonic change in the banking system for shipping has serious repercussions for shipowners from how they raise funding to the soft covenants in any agreement.  Almost a year ago, we had penned an article on the subject that was printed in the Cayman Financial Review.

The tectonic changes that have swept the banking industry worldwide have not spared the American banks, and by association, the domestic shipping industry. The so-called ‘Jones Act’ market has already been affected by a market dominated by ever-bigger banks looking for shipowners with critical mass, sizable footprint, vision and plans for growth, and audited and consolidated financials. We recently authored an article on the subject, ‘A new Seascape for Domestic Owners, and a new Course Line for Brown Water Credit’, published in the September issue of the esteemed Marine News magazine, of the MarineLink group. A copy of the article can be accessed by clicking here.

MT EAGLE FORD 14

Jones Act MT ‘Eagle Ford’ with Lower Manhattan backdrop: where shipping and finance meet. Image Credit: Karatzas Photographie Maritime


[Article is copyrighted material, Marine News and MarineLink Group, 2015; reprinted by permission].

2015 09SEP MN A new seascape for domestic owners & a new course line for brown water credit_extract_HL

© 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.