NAPLES, Fla.--(EON: Enhanced Online News)--QORVAL is pleased to announce the formation of QORVAL Marine, a new division that will offer world-class restructuring and strategic solutions services to the maritime sector.
“with Paul Slater’s reputation and experience, as well as QORVAL’s expertise, forming a division devoted to answering the needs of the maritime industry was a natural step. We intend to play a key role in the major changes expected in the maritime industry going forward.”
Led by Paul Slater, a leading maritime restructuring authority with over 30 years of experience in the industry, QORVAL Marine will focus on providing expert and innovative solutions and services to the key constituents in the maritime industry including banks, investors, trustees, management teams, and boards of directors.
Mr. Slater stated: “what we’re seeing in the name of restructuring is simply shuffling the deck chairs of a sinking ship. What is needed is comprehensive reorganization – the kind of change QORVAL and its managers have successfully provided to clients over many decades.”
QORVAL Founder and Senior Managing Partner James R. Malone stated: “with Paul Slater’s reputation and experience, as well as QORVAL’s expertise, forming a division devoted to answering the needs of the maritime industry was a natural step. We intend to play a key role in the major changes expected in the maritime industry going forward.”
About Paul Slater
A global financial advisor to the maritime and energy industries for over 30 years, Paul Slater is recognized as a leading authority on maritime restructuring, maritime economics, marine safety, and international project finance. A prolific writer and thought leader on maritime related issues, Paul is a regular contributor to media and trade journals and frequent speaker at industry events.
Paul also has extensive experience in M&A, project finance, capital markets transactions, and distressed company advisory in the maritime industry. From 1980 to 2000, Paul was Chairman and CEO of First International Shipping Corporation, which focused on international project finance and investment for shipping and ocean transportation, including asset finance and leasing of ships and other transportation assets. In this capacity, Paul raised more than $5 billion in equity and debt for international shipping projects.
Early in his career, Paul formed the first maritime merchant bank, Oceanic Finance Corporation, based in Bermuda. The equity was sourced from major Canadian corporations, including Power Corp and Great West Life, and the debt from leading Canadian banks.
Paul received his education from the Institute of Chartered Accountants in England and Wales, where he is an Associate and a Fellow. He is a member of numerous maritime associations and served as Founding Chairman of The Maritime Industry Foundation. He is also a past member of the Executive Committee of Intertanko, the worldwide organization that represents the interests of independent tanker owners. A Freeman of the City of London, Paul is a member of the Court of Assistants of the Worshipful Company of Shipwrights.
A full-service business consulting and advisory firm, QORVAL provides operational, organizational, and strategic advisory services to transform companies. The firm has been delivering expert and innovative solutions and services to clients across a broad array of industries for over 20 years.
QORVAL is frequently recognized as a leader in bankruptcy, restructuring, workout, and distressed situations advisory, and has extensive experience working on boards of directors and as chief restructuring officer in many related consulting projects.
QORVAL’s professionals have expertise in bankruptcy, business consulting, strategic advisory, CEO/senior management, operations management, M&A, investment banking, commercial banking, fund management, financial controls, due diligence, litigation, risk management, and corporate governance. Our professionals have been CEO of five Fortune 500 companies, and have acted as senior executives, board members, investors, and advisors for many public and private companies in the US and abroad.
Following is QORVAL’s 4YOURMESSAGE Video for Paul Slater: