In the past year, the tug and barge industry has seen one of its biggest names wind up in a bankruptcy case that’s been anything but a neatly prepackaged restructuring. Others have had to sell off vessels at what can only be called distressed prices. And some family-held firms have come under majority control of private equity investors. So, what are the options when the going gets tough and liquidity gets tight?
Bazil M. Karatzas, founder and CEO of Karatzas Marine Advisors & Co., will explore some of the available paths in a presentation at Marine Log’s upcoming TTB—Tugs, Towboats & Barges virtual event.
- Find out more about the event and register to attend (there is no charge) HERE.