Despite headwinds in raising equity in shipping, Tor Olav Trøim's Bruton Limited has repeatedly tapped shareholders for substantial capital in the VLCC pure-play venture. Companies: Andes Tankers II, Magni Partners, New Times Shipyard, Hapag-Lloyd , Clarksons Securities, Arctic Securities, DNB Carnegie, Fearnley Securities, Pareto Securities, Koch Shipping Drew Holdings

Volatility is a defining trait of shipping, and year past year its presence in the markets comes hardly as a surprise.

Shipowners continually assess a broad mix of debt and equity instruments to finance vessels and corporate growth. Hybrid securities—which blend characteristics of both—have historically been rare in shipping. Companies: Ocean Yield, Color Group, B. Dyson Securities, Scorpio Tankers , Eagle Bulk, Star Bulk, CSSC Shipping, China State Shipbuilding Corporation

Though equity capital markets remain an important aspect of the shipping industry, its role in financing has been relatively limited compared to the past. Companies: Okeanis Eco Tankers, Fearnley Securities , Clarksons Securities , Daehan Shipbuilding, Pareto Securities, National Bank of Greece, Alpha Bank

As we discussed last week, alternative investment platforms, including those focused on maritime industries, have become increasingly debt and credit oriented, whether it be direct lending strategies/private credit or even leasing. Companies: MPC Capital, MPC Container Ships, Storm Capital Management, MPC Storm Maritime Opportunities, Klaveness, Portline, Uthalden, NRP Maritime Asset Management

2025 was the year geopolitics finally got under the skin of international ship finance and investment — but only a little.

Private equity is often revered as the investment vehicle that propelled many of Wall Street’s biggest names to scale and “mega-cap” status—mythical firms such as Blackstone, KKR, Apollo, and Carlyle. Companies: Blackstone, KKR, Apollo, Carlyle, CVC Capital Partners, Marathon Asset Management, CIT, First Citizens Bank, S&P Global, Preqin

Following last week’s discussion of the first tap issue in 2026, completed by Greek owner Performance Shipping, now a second shipping tap issue of a Nordic Bond in 2026 has been completed by Contships, also marking the second time they have tapped their outstanding notes. Companies: Performance Shipping, Contships, SFL, Scorpio, Navigator Gas, Odfjell, Arctic Securities

For decades, managers in shipping industry have been taught that debt can be a powerful tool to boost returns on equity (ROE). The logic is simple: if a shipping company can mitigate bankruptcy costs, the use of debt will consistently enhance profits for shareholders.

Public shipping markets saw limited IPO activity in 2025, with the notable exception of Asyad Shipping on the Muscat Stock Exchange. Companies: Asyad Shipping, Muscat Stock Exchange, Euroseas, Toro Corp., Costamare, Kongsberg, Kongsberg Maritime ASA , Euronext Oslo Børs, Arctic Securities , Thommessen AS

The Alaska LNG Project began as a state-led initiative in 2017, when Alaska Gasline Development Corporation (“AGDC”) initially filed its application for federal permits. Companies: Alaska LNG Project , Alaska Gasline Development Corporation (“AGDC”) , Glenfarne, Tokyo Gas, Japan’s Energy for a New Era (“JERA”), Petroleum Authority of Thailand (“PTT”), Pohang Iron, Steel Company (“POSCO”) , Baker Hughes, Sealion Capital Advisers, Danaos, Glenfarne Alaska Partners LLC

Nordic bond issues have been one of the hottest markets over the last half-decade. Companies: Contships, Navios South American Logistics, Performance Shipping, Clarksons, Pareto Securities , BAHR, Alpha Bank ,