SecondWind provides strategic assistance with portfolio and company reviews. Focusing on problem loans and investments, SecondWind offers company due diligence, vessel inspections and asset valuations.

Due diligence involves an overview of a company’s commercial and technical activities with particular attention to the trading of a fleet of vessels, to the accounts and to the management of trading risk. Particular attention is paid to how trade creditors and debtors are handled. A typical due diligence review can be of value to:

• Banks wishing to assess a ship-owning company for restructuring purposes;
• Ship owners wishing to attract new investments and finance;
• Potential investors wishing to evaluate a new project or investment opportunity; and
• Potential lenders wishing to evaluate a new loan.

As part of a company review SecondWind provides trained personnel to visit and evaluate the activities of a ship-owning office.

It is always recommended that a vessel inspection is carried out as part of the due diligence process. SecondWind works with qualified and trusted inspectors and liaises between the ship owner, the vessel, the inspector and the client to ensure that the physical inspection is done quickly and efficiently to provide maximum input to the vessel evaluation process.