Capital raising goes in cycles and amidst the current conditions of ship financing, in large part convertible bonds and other hybrid securities have fallen out of favor. Companies: Scorpio Tankers

Zeaside Capital Partner’s recent announcement that the firm is acquiring Alba Tankers alongside a consortium of investors, on the surface, may look like another tanker M&A play. While there could be some influence from broader energy markets, the apparent strategy behind the deal is more nuanced and may even bear greater resemblance to those “niche” sector investments we discussed recently. Gorrissen Federspiel and PwC Danmark acted as advisors on the deal.

One asset class has been at the center of attention this year: VLCCs. More specifically, one market participant, Sinokor, which has been rapidly acquiring any VLCC available. Companies: Sinokor, Veson Nautical, Signal Group , Intermodal Research, Mediterranean Shipping Company, SAS Shipping Agencies Services, A.P. Møller – Mærsk, Gram Car Carriers, MSC Cruises, Wilson Sons, Terminal Investment Limited

Over the past year, bank financing margins have reached lower and lower floors. While for the most part, that momentum has stalled with most facilities comfortably settling around 150 basis points, at this past Marine Money Hamburg, we even heard some comments believing that spreads could drop below 100 basis points! Companies: K-SURE, International Seaway, Navigator Gas, d’Amico International Shipping , d’Amico Tankers,

Last week, Crosby Enterprises subsidiaries, Crosby Tugs, Crosby Dredging, and Crosby Marine Transportation, filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Louisiana.

In recent months, equity capital markets have re-emerged from a long “equity drought” in more traditional markets like Oslo and New York, raising a significant amount of capital for shipowners. Companies: BW Group, Navigator Gas, Citigroup, DNB Carnegie, Fearnley Securities, Pareto Securities, Oaktree, EGD Shipping Invest, Klaveness Combination Carriers, Clarksons Securities, d’Amico International SA, d’Amico International Shipping,

This past week, Performance Shipping entered into a sale and leaseback agreement with an undisclosed and unaffiliated lessor for an LR1 newbuilding vessel under construction at Jiangsu New Yangzi Shipbuilding Co., scheduled for delivery in early 2027. Companies: Performance Shipping, Jiangsu New Yangzi Shipbuilding Co., d’Amico International Shipping , Mercuria Energy Trading

Building on the equity capital markets success in the Nordic markets, Norwegian LNG Shipping company, Awilco LNG ASA has recently secured new equity through a private placement. Companies: Awilco LNG ASA , Fearnley Securities , Wikborg Rein , ALNG Trading, CDB Financial Leasing

This week, Cadeler continued the broader shipping industry’s equity raising activities with a new private placement that raised NOK 1,965 million, or approximately $203 million, in new capital. Cadeler issued just over 35 million in new shares, approximately 10% of the company’s outstanding shares pre-issuance, at a price of NOK 56/share, or approximately $5.76/share, with DNB Carnegie and Jefferies as joint global coordinators and bookrunners.

Over the past year, lending margins have seen pressure build from various areas. Companies: International Seaways, Korea Trade Insurance Corporation, Dorian LPG, Citibank, Nordea

For the past several years, shipowners, lenders and investors have faced the same existential conundrum. Companies: Nippon Yusen Kaisha Group, Westfal-Larsen Group, Saga Welco AS , Saga Shipholding, Masterbulk, Mitsui O.S.K Lines , Gearbulk, G2 Ocean , S&P Global, Intermodal Research, Global Wind Energy Council , Stolt-Nielsen, Stolt-Nielsen Gas Ltd, HFW, Avenir LNG limited, Golar LNG, Höegh LNG, DNB, Wallenius Lines, United European Car Carriers , Kawasaki Kisen Kaisha, K Line, JERA, Toyota Tsusho Corporation, Fearnley Securities, World Shipping Council , DNV

A standout trend in the year thus far has been the re-emergence of equity capital markets. Companies: Pelagic Partners , Pelagic Capital, Clarksons Securities, Fearnley Securities, Marevia Holding I Co., Marevia Holding II Co. , Marevia III Co., BCN Two Pte, Bertling Group, Pelagic Wind, Hartmann Group , SFL Corp., Ocean Yield