Business partner in shipping industry in transition
The extraordinary mixture of specialties that are united within the JR Shipping Group – with the primary focus on all-round certified ship management, brokerage, and dynamism and resilience in initiating and creating investment projects – constitutes the foundation for a modern form of partnership that the shipping company offers in cases of complex restructuring and transition projects.
This new form of partnership and service provision is correlated with the effects of the global economic crisis, which certainly had an impact on the shipping industry. Since 2015, things have definitely changed for the better; recovery is erratic, though. In the first stage of the crisis, the shipping group took several restructuring measures for its own fleet, which proved to be instructive for subsequent projects. The most significant success factors were: permanent investor confidence and close relationships with shipping bankers; market savvy; financial resilience; and operational clout.
Technical and financial management
In 2015, the JR Shipping Group successfully completed a complex transition process that had been commissioned by a German bank. Six container feeders engaged in international voyages were involved. During a good length of time after the company had taken over the vessels, JR Shipping carried out technical and financial management duties regarding the vessels and followed a rigorous communication and compensation route towards the investors involved. The shipping company created the appropriate conditions for a successful transfer of the six vessels to a new owner.