ImagW: Stonebriar Commercial Finance
Plano, Texas, based business financing company Stonebriar Commercial Finance states that it has so far this year moneyed, as well as is presently predicted to money via 2021, greater than $355 million safeguarded by Jones Act- certified aquatic vessels, consisting of yanks, barges, vessels, as well as containerships.
It states it stands prepared to offer cutting-edge resources options to UNITED STATE maritime drivers also when various other loan providers might hesitate to offer in the existing market. The business’s clients consist of maritime firms running in a wide variety of end-markets moving assets from oil items to customer plan items.
“Maritime transportation has been a very attractive space for us,” claimed Mark Gibson, Vice President of Capital Markets atStonebriar “Recent safety and emissions regulatory changes for vessels operating in the inland river markets have resulted in a significant number of new long-lived assets coming online for operation in various industries within the Jones Act guidelines.”
“Our team has been very diligent in Stonebriar’s pursuit of well-structured transactions for long lived assets that hold their value over time,” claimed Steve White, Executive Vice President as well as Senior Managing Director of Capital Markets atStonebriar “We believe the Jones Act maritime market will strengthen as demand for petroleum products recovers to pre-pandemic levels, a significant number of the aging U.S. fleet are due for scrap, and very few new large capacity vessel deliveries are scheduled through 2023 due to limited shipyard construction capacity; all contributing to the right sizing of capacity in the market.”
