How does XRTC contributes effectively between banks and shipowners for an efficient financing in the Shipping industry?
In 1999 and for the following couple of years, consolidation was the name of the game in the ship financing market. That was an inevitable “result”, originating from the global economy, its fundamentals, the current developments as well as the local macroeconomic development. The bank ship financing market during that time, has seen a lot of “structural” changes characterized by banks coming closer together through mergers and acquisitions.
At that time, we have witnessed a series of institutions withdrawing from the shipping finance market.
XRTC has been acting as commercial representative of international banks covering the Greek market. Besides its close and on-going cooperation with the western financial institutions, XRTC is specializing, since 2009, in the Chinese finance sector having successfully arranged a series of transactions across all shipping sectors.
In addition, XRTC is heavily involved in corporate workouts and restructurings, providing tailor made services given its proven long-lasting experience both in finance and maritime fields. XRTC’s activities in Private Equity and Capital markets include the provision of investment bank- ing services to International Funds based in US, China, Europe and the Middle East.
The secret of success of XRTC is the flexibility, professionalism, accuracy, integrity, and the long-lasting experience in providing financing solutions and advisory services to the Greek and Global Maritime Market as a reliable partner to the International Financial Institutions that wish to establish a presence in Greece. Finally, XRTC is a well-recognized consultant in Passenger shipping offering a broad range of advisory services to Cruise and Ferry Companies as well as to Governments and Financial Institutions.
* Relationship Manager XRTC Ltd Business Consultants
The answer was provided for NAFS magazine issue 143 in its special report “WOMEN in SHEPPING”