Suzzanne Uhland is a law partner who specializes in corporate bankruptcy matters, especially those involving the shipping industry. A recent study by AlixPartners found the shipping industry faces a growing risk of bankruptcy due to its slow adaptation to economic changes and overbuilding of ships. Withdrawing large modern ships from service to increase prices is too costly, and the industry faces a financial turmoil more severe than during the financial crisis.

2.  A law partner with the firm O’Melveney
and Meyers, Suzzanne Uhland's work
focuses largely upon issues with
corporate bankruptcy. In recent years,
she has worked with more shipping
clients. Suzzanne Uhland also has a great
deal of experience working in Chapter
11 matters, including bankruptcies within
the shipping industry.

3.  A recent study conducted by AlixPartners
indicates a growing risk of bankruptcy
within the shipping industry. While those
who watch the industry closely may not see
cause for alarm, as they have seen
fluctuations in the past, AlixPartners
Managing Director Lisa Donahue cautions
this downward trend is cause for concern.
She explains the industry has been slow to
adapt to the increasingly fickle nature of
economic cycles, and mistakes have been
made with regard to overbuilding.

4.  Another potential danger is the common
practice of taking ships out of service in
order to increase demand and raise
prices. However, with the size of modern
vessels growing, withdrawing ships from
service is too costly. The study concluded
that the industry is in a state of financial
turmoil more severe than during the
onset of the financial crisis.