The final quarter of 2024 is set to be a busy one for investment bankers as shipowners move to refi bonds ahead of the dreaded “2025 Wall of Maturities.” Companies: Navigator Gas , DNB, Clarksons (formerly Platou), Fearnleys, Arctic, Crédit Agricole CA CIB, ING Bank N.V., SEB AB, Ocean Yield

Last May marked a big milestone for Oaktree Capital Management’s (“Oaktree”) adventures in shipping. Companies: Oaktree Capital Management, Torm Plc, Golden Energy, Star Bulk , Eagle Bulk, Hafnia, Morgan Stanley , Sinokor

In April of 2024 the Fifth Circuit decision in Curtin2 shed light on what type of vessel modifications involving foreign made equipment can be done to a coastwise qualified vessel without causing the vessel to be deemed rebuilt foreign and thereby lose its coastwise endorsement.

Over the course of 30+ years, there have certainly been entire years of financial performance that the industry would prefer to forget, and there have been years when individual sectors might wish to do the same.

Last night, Watson Farley Williams held their annual cocktail reception in Oslo, but this was not just another year for another party. In celebration of Nigel Thomas’ contributions to the industry.

Being public, like everything in life, involves “pros and cons.” Shipping people are genetically optimistic. Companies: Zim, Navios, Star Bulk

We keep our methodology as consistent as possible from year to year so that it is possible to create a time series of data, or to just compare one year’s winner to another. Even with this in mind, though, it is important to update the methodologies and improve them over time.

There has been a lot of buzz around the offshore wind sector, which has seen numerous mergers in the past year such as Cadeler/Eneti, or more recently Cyan/MMA, as well as bountiful investors, and to top it all off competitive and available financing. Companies: Cadeler/Eneti, Cyan/MMA, Macquarie Asset Management, Permira Credit, Nomura Greentech, Kromann Reumert, Permira, Crédit Agricole CIB, Jones Day, Bech-Bruun

Marine Money Week Asia

Earlier this year, a two-year attempt to go public via a reverse merger was terminated between Delta Corp Holdings (“Delta”) and Coffee Holdings. Companies: Delta Corp Holdings, Coffee Holdings, Kaival Brands, NASDAQ Stock Market LLC, Maxim Group LLC , Sichenzia Ross Ference Carmel LLP , Ellenoff Grossman & Schole LLP

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This week seems to be all about competitive refinancings, and trader/shipowner Trafigura is leading the way. Trafigura recently revealed a massive syndicated revolving credit facility and term loan facilities from thirty-eight financial institutions including five new lenders for a total of $3.2 billion. Companies: Trafigura, First Abu Dhabi Bank PJSC (“FAB”), Standard Chartered Bank Singapore