The first half of 2025 could thus far be defined by extreme volatility. Shipping markets have fluctuated rapidly, in part due to changing fundamentals, and also due to external factors involving the global political landscape. Companies: Golden Energy Offshore Service , Fleetscape, Cadeler, COSCO, DNB, Norton Rose Fulbright, China Export & Credit Insurance Corporation, Export Finance Norway

In capital-intensive industries like commodity shipping—where volatility is high and public companies often trade below liquidation or NAV—stock buybacks have emerged as a powerful tool for capital allocation. Companies: Wilh. Wilhelmsen Holdings, DNB Carnegie, Pangaea Logistics Solutions, , M.T. Maritime Management

The past few weeks have been full of new debt deals, the majority of which have been from internationally recognized shipping companies, and large-scale shipping finance institutions. Companies: ESL Shipping, Aspo Plc , China Merchants Jinling Shipyard., Nordic Investment Bank, Svenska Skeppshypotek

THE U.S. LOSE LAST
"AAA" CREDIT RATING
SHIPPING STOCKS DELIVER STRONG WEEKLY GAINS

Marine Money’s highly anticipated Credit Issue is almost here, offering a detailed look at the global financial institutions that fuel the maritime industry. Companies: EnTrust Global, SEACOR Marine, Rocktree Group, Belships ASA

Jim Lawrence was one of a kind. He was the sort of person you might meet once in your lifetime—if you’re very lucky. And we were all very lucky.

Dividend distributions, investments into the company, or share buybacks? The debate over how best to allocate capital continues once again this week, as various companies reveal new repurchasing plans, distribute special dividends, and/or recapitalize their business, all while seeking to deliver value to their shareholders. Company: Dynagas LNG Partners

Whether it is in Oslo or New York, new public companies in shipping are becoming rarer. At least in the sense of a truly new public vehicle that was previously private (not including spin-offs for example). Companies: Solstad Group , Solstad Maritime , Aker, AMSC, Solstad Offshore, Euronext Oslo Bors

With uncertainty around fuel alternatives and regulatory implementation, shipowners have been cautious about committing to newbuilds. Companies: Tufton, Anemoi, Union Maritime , Seabreeze, Maersk, Odfjell , bound4blue, TORM, ME Production

SHANGHAI CONTAINER SPOT RATES SURGE AMID U.S.-CHINA TARIFF TRUCE
NERVOUS BOND MARKETS DRAG DOWN STOCK MARKETS

Over the past few years of shipping’s “Golden Age,” it has been difficult, though not impossible, to make deals stand out. One such exemplary transaction was executed by Frontline, which completed a deal in late 2023, that ended a takeover battle for Euronav with CMB. Companies: Frontline, Euronav, CMB, Hemen Holdings, ING, First Citizens, Crédit Agricole SEB, Jefferies

It is another week and another round of refinancings have been announced through various vectors. As we progress through the first half of 2025, the strategic trends presenting themselves are emblematic of those discussions held nearly one year ago at Marine Money Week, as companies have gone from pre-paying their debt. Companies: BW LPG , Neptune, Ocean Yield, EnTrust, Hayfin, Flex LNG