Next week, Wednesday July 24, the Turnaround Management Association's New York group of young professionals, NextGen, is hosting what I think is going to be a fantastic event: a networking and education breakfast on the shipping industry with an elite panel including Wilbur Ross.
The number of distressed situations we have seen in shipping is only increasing and given the richness of each situation's capital structures, distressed debt investors have spent significant time learning the dynamics of a very complicated industry. I personally think that certain parts and verticals in the shipping industry will produce amazing returns for patient investors over the coming years.
Moderated by David Hilty, MD at Houlihan, panelists include:
- Wilbur Ross, WL Ross & Co
- Paul Leand, AMA Capital Partners
- Lisa Donahue, AlixPartners
- Steve Hannan, Evercore