Utilising a fleet to survive a debt
crunch and avoid a fire sale

01.
The Client Challenge

A bulker owner urgently needed to find a bankable employment structure for a major part of their fleet. Stabilising cash flows was crucial so that they could refinance their existing loans, which had run into default due to voyage charter-based liquidity shortfalls.

02.
The Braemar Solution

Braemar arranged the entry of several vessels into a reputable income pool and negotiated index-based time charters with a rate floor for the rest of the fleet. This chosen structure enabled the client to participate in market upswings while having the security of income to service their loans.

03.
The Result

Braemar’s structured employment concept secured the major part of the current owner’s total fleet. It prevented them from being sold or auctioned in a low market, which ensured the company’s survival.

01.
The Client Challenge

A bulker owner urgently needed to find a bankable employment structure for a major part of their fleet. Stabilising cash flows was crucial so that they could refinance their existing loans, which had run into default due to voyage charter-based liquidity shortfalls.

02.
The Braemar Solution

Braemar arranged the entry of several vessels into a reputable income pool and negotiated index-based time charters with a rate floor for the rest of the fleet. This chosen structure enabled the client to participate in market upswings while having the security of income to service their loans.

03.
The Result

Braemar’s structured employment concept secured the major part of the current owner’s total fleet. It prevented them from being sold or auctioned in a low market, which ensured the company’s survival.

The experience is
better with Braemar.
Speak to our team today.

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The experience is better – speak to one of our advisors today

The experience is better – speak to one of our advisors today