The awarding of the Jones Act M&A Award to the industry pioneering joint venture between Morgan Stanley Infrastructure Partners (MSIP) and Crowley, a leader in maritime and logistics solutions in the U.S., signifies a monumental stride towards achieving the Biden administration's ambitious clean energy goals.

In a groundbreaking stride within the Nordic shipping industry, Stainless Tankers ASA has emerged as a beacon of a company on a mission to capture a powerful upcycle in the chemical tanker markets via its homogenous fleet of nine J19 stainless steel chemical tankers.

This year’s Public Debt award is given to Stena International S.A. for its offering of senior secured notes due 2028 with a coupon of 7.25 percent. Book runners were Citi, J.P. Morgan, BNP Paribas, and Nordea.

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The most successful private shipowners are known for pivoting when they see opportunity, but changing the strategy and brand of a public company is next to impossible.

It would be fair to say that 2023 was also characterized by anticipation of decarbonization regulations soon to come, leading to all sorts of creative sustainable financing solutions.

Cruise and Yacht Finance” as a new category for Marine Money’s Deal of the Year Awards.

Every deal is different, but they have common elements: teams of professionals working together, and overcoming challenges, to accomplish a goal while achieving the best possible outcome.

With valuations hovering stubbornly below net asset value, it’s been almost impossible for new dry bulk owners to reach the U.S. public equity markets in recent years, but Himalaya made it happen in 2023.

Private placements are an attractive but seldom used source of ship finance. It’s a market in which borrowers and their advisors can use creativity to create bespoke credit solutions rather than simply squeezing the deal into an “off the rack” bank loan

In recognition of outstanding achievement in international commerce and finance, we proudly present the Export Credit Deal of the Year award to Purus.

As you can see from the table below, equity continues flowing into the global shipping industry from so-called Limited Partners, or “LPs,” which are largely comprised of insurance companies and pension funds in the U.S. and Europe.