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Marine-Finance.Com Launches New Consulting Group

Published Jan 7, 2011 2:38 PM by The Maritime Executive

ISLAND PARK, New York (January 6, 2009) - A consortium of commercial marine finance and leasing veterans announced today the launch of Marine-Finance.Com, LLC, a consulting group formed to educate and match lenders, investors and lessors with qualified marine borrowers and lessees.

“We see the commercial marine lending and leasing market as one of the most stable segments in this highly troubled economy,” said Richard Paine, senior vice president and general manager. “Demand for services in the sector remains sound, and the balance sheets of most operators continue to look healthy. Tugs, barges and other commercial vessels have maintained if not increased their value. We educate lenders, lessors, institutional and individual investors about opportunities the commercial marine industry can provide. We help define their risk tolerance, advance and lending limits and anticipated returns . . and then match the borrowers and lessees that best fit their comfort zone.”

The commercial marine industry is comprised of a variety of operators and vessel types. Whether tugs, barges, ferries, excursion and dinner cruise vessels, freighters, offshore supply vessels, rigs and numerous other vessel types, each has their own distinct operating and market characteristics. Shipbuilding and repair adds more ingredients to the mix. Drawing on decades of experience in this arcane financial marketplace, the professionals of Marine-Finance.Com offer their clientele navigation through the lending and leasing fog.

Marine-Finance.Com is a pioneering effort to consolidate the varied disciplines necessary to operate in the commercial marine space. It was formed by lending, leasing, credit and banking executives highly skilled in the commercial marine financial marketplace. As consultants, they offer expertise to banks, finance companies and other institutional and private investors in designing and implementing the strategies and business models necessary for success in the market. As borrower’s representatives, they package, analyze and present transactions to potential lenders and lessors. To find out more, please visit www.marine-finance.com.

Contact: Richard Paine / Senior VP and General Manager / 516-431-9285
[email protected]