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Restrukturering og konsolidering innen offshore Erfaringer så langt og hva er i vente ? Haugesundskonferansen - 7 February 2017 Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock

Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

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Page 1: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

Restrukturering og konsolidering innen offshore

Erfaringer så langt og hva er i vente ?Haugesundskonferansen - 7 February 2017

Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock

Page 2: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

Three fundamentals for DNB in restructurings

Safeguard DNB’sposition

Solve the challenge

for the client

Maintain our position

within the maritime

industry

Page 3: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

Restructuring is needed!Photo: Scanpix – Halvard Alvik

Page 4: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

High complexity in restructurings!

C o m p a n y

ECAs (GIEK)

DNB

Other Banks

Club, Agent

Arranger

Owner(s)Client ?

Client

Bond Investors Yards

Syndicate ?

Competitors

Other Clients ?

Charterers

Suppliers

Tax Authorities

Tonnage suppliers

Leasing companies

Client ?

Client ?Client ?

Client ?

Page 5: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

Balanced Solution

Company to be restructured

Yards

Owners

Banks

ECAs

Tonnage Providers

Bond InvestorsSuppliers

Charterers

Tax Authorities

Page 6: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

The offshore industry needs new capital !(…and new cash is king…)

Page 7: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

The offshore industry needs consolidation !

Page 8: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

Capital

structureOperating

structure

COMPANY

Fleet

structure

Ownership

structure

The offshore industry needs sustainable business models!

Market

structure

Page 9: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings

Three fundamentals for DNB in restructurings

Safeguard DNB’sposition

Solve the challenge

for the client

Maintain our position

within the maritime

industry

Page 10: Restrukturering og konsolidering innen offshore Erfaringer ... · Knut Voraa, DNB Shipping, Offshore & Logistics Photo: Shutterstock. Three fundamentals for DNB in restructurings