Norwegian tanker king Coco Jacobson has a big problem. A carbon dioxide problem. When IMO regulations and environmental concerns cause a German bank to sell his $750 million credit facility to a New York distressed fund, the shipping magnate is forced to make a tough put in another $100 million to defend his fossil fuel dependent company from a hostile takeover - or toss the keys to the hedge fund and disappear on his yacht. But it's not that simple. When Coco learns that one of his new lenders is a Sopranos-style operation that doesn't take kindly to losing money, he enlists his estranged CFO, Robert Fairchild, to get creative about saving his fleet - and maybe even the entire shipping industry. Exit Strategy is the third book in The Shipping Man series.
Matt McCleery is the President of Marine Money and Managing Director of Blue Sea Capital, Inc. where he advises shipowners and investors on ship financing and investment transactions. He can be reached at mmccleery@marinemoney.com.