The Marine Industry: Rich in Reorganization Opportunities but Short on Cash
By Basil M. Karatzas, CEO, Karatzas Marine Advisors
The maritime industry plays a vital role in the safe and economic delivery of essential goods and products to various ports in the U.S. and worldwide. In many cases, there is no viable alternative to water-borne transport of certain cargos. While there have always been haves and have-nots, the...
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Basil M Karatzas is the founder and CEO of Karatzas Marine Advisors, a shipping finance advisory, ship brokerage, and vessel appraisal and survey firm that is active in both the international and domestic shipping markets. Karatzas holds an MBA from Rice University and is an Accredited Senior Appraiser (ASA), Accredited in Business Valuation (ABV), and a Certified Marine Surveyor (CMS). The firm recently acted as liquidation trustee for two pelagic purse seiner tuna fishing vessels, by order of the High Court of the Republic of Marshall Islands.