Goldin Portfolio Management Platform Seals Its First Deal

IHS Fairplay

Maritime industry publication IHS Fairplay featured Goldin Maritime’s inaugural Supramax deal. An affiliate of leading restructuring, oversight and valuation advisory firm Goldin Associates, Goldin Maritime is led by shipping sector expert Randee Day. Goldin Maritime provides investment firms and financial institutions services relating to vessel management oversight, as well as offers acquisition and disposition advisory services. An external link to the article (subscription may be required) can be found here.

The article quotes Day describing the Goldin Maritime service offering as follows: “Goldin Maritime provides a small group of executives to handle the oversight of all of the technical and commercial management of the vessels, and to provide strategic advice on sales and trading considerations . . . .” Day continued to explain a key advantage of the oversight component of Goldin Maritime: “We’re an independent third party with a simple per-ship, per-day fee structure and we have no interests in any of the pools or commercial or technical managers we would recommend.”

Goldin Maritime consultant Eftychis Gregos-Mourgianakis described the subject transaction, involving a confidential fund client, by explaining that it constituted “bespoke solution for the investor,” which retains control of the assets, but benefits from “soup to nuts” expert assistance in connection with the investment process.