The list of peer investments in shipping this year keeps on building. While tonnage remains expensive, shipping companies continue to bolster their balance sheets, ensuring they can strike on the next lucrative deal efficiently. Companies: Hafnia, , TORM Plc, Oaktree

Gas and specifically LNG investments in shipping have often been amongst the few shipping sectors to still attract longer-term outside capital. Companies: Höegh LNG , Morgan Stanley Infrastructure Partners, Golar LNG , NFE, Basalt Infrastructure, Apollo, Hav Energy, Ocean Yield, France LNG , KKR, CapeOmega , Hanwha, Venture Global, DNV Maritime, Clarksons Data, Department of Energy , EIA, Trafigura, Korea Gas Corporation , Cheniere, Gunvor , Macquarie Group , AMIGO LNG, Epcilon LNG , LNG Alliance

While Torm and others turn to bank debt to refinance their capital structures, the leasing market has hardly come to a standstill, whether it be private lease strategies, Chinese leases, or Japanese Operating Leases with Call Options (“JOLCOs”). Companies: Ocean Network Express, Nihon Shipyard Co, Imabari Shipbuilding Co, K-SURE, Sinosure, Japan Bank for International Cooperation, Nippon Export and Investment Insurance , BNP Paribas , HSBC, Citibank , Financial Partners Group, Watson Farley Williams, Norton Rose Fulbright

This week, we received Dealogic’s “Marine Finance Rankings Syndicated Loans—Second Quarter 2025,” providing some insight into the current ship lending markets and quantifying some of our observed trends. Companies: Bank of America Securities, DNB Carnegie, Crédit Agricole, Nordea, BNP Paribas

Equity raises for shipping companies have become rare occurrences in Western capital markets. Companies: ADNOC Logistics & Services , Pershing Square Holdings, KKR/Ocean Yield

Last week’s issue of Freshly Minted featured a discussion around Ocean Yield and their financial sponsor, Kohlberg Kravis & Roberts (“KKR”), which jointly acquired CapeOmega. Companies: Ocean Yield, Kohlberg Kravis & Roberts, CapeOmega, Navigator Gas, Scorpio

Earlier in the year, at Marine Money Hamburg, sentiment around ship lending was a bit of a mixed signal. Companies: Torm, Danske Bank, Nordea Bank, Kromann Reumert,

Shipping has faced a tumultuous year in shipping policy. While much of the politics has focused more broadly on the general economy and trade (like tariffs), some have specifically targeted the maritime sector, like the proposed USTR fees on Chinese owned/operated vessels, the result of which has been much more uncertainty surrounding Chinese leasing transactions. Companies: Sallaum Lines , FuJian MaWei ShipBuilding , CMHI Jinling, Mitsui O.S.K. Lines, Shenzhen Capital Group Co.

One theme that keeps recurring this year is substantially lower newbuilding orders with Clarksons data showing, as stated before, a 54% decrease overall year-on-year in newbuild orders. Companies: Clarksons, DHT, International Seaways , DNB, Korea Trade Insurance Corporation

When we think of shipping finance, most would think of capital flowing into mainstream asset classes like tankers, bulkers, and containerships.

Many private equity funds have moved in and out of the shipping markets opportunistically, but a few funds have distinguished themselves through long-term commitment to our industry. Companies: Oaktree, Kohlberg Kravis & Roberts, Chembulk Tankers, Borealis/Australis, Embarcadero Maritime, U.N. Ro-Ro, Nord LB, Maritime Finance Company, Ocean Yield, CapeOmega, Partners Group, Knutsen, Shell, Engle, QatarEnergy, Geogas, France LNG Shipping

Recent news has been dominated by a flood of earnings reports. Some companies are selling ships, others are buying, or sometimes doing both to renew their fleet. Companies: Star Bulk, ABN AMRO, National Bank of Greece, Genco, Hafnia