We continue to capture and add banks to update our Portfolio League Table. The latest, ING, filled a huge gap in our data.

This week, the Schulte Group, one of Germany's largest ship owners and ship managers, and DEVK, a German insurance group, announced the establishment of Navigo Shipholding AG, a maritime asset investment platform for institutional investors, with a long-term investment horizon and a conservative approach to risk-yield ratio, to jointly invest in a portfolio of vessel projects across various segments of the shipping industry.

Earlier this week, GasLog Ltd. announced that it has arranged Export Credit Agency-backed debt financing of $1.05 billion with twelve international banks for its current newbuilding program of seven LNG carriers. More than 2x oversubscribed, the new facility covers the balance due to the shipyard on delivery, fully funding the final installments of...

Yesterday, Capital Product Partners L.P. announced that it agreed to acquire, from its parent, Capital Maritime & Trading, three 9,954 TEU sister containerships, the Athos, Aristomenis and Athenian built in 2011 at SHI...

The main headline from last week'sScorpio Bulkers'("SALT") Q3 2019 earnings report was the company's surprise decision to issue a one-time special stock dividend equal to one million shares of the common stock ofScorpio Tankers("STNG").

As many readers are aware, LIBOR will likely disappear in the next couple of years because banks providing sample interest rate quotes to LIBOR’s administrator are expected to stop doing so.

Instead of a "for sale" sign, middle-aged vessels today are more likely available for lease. And why not? The vessel is sold, cash is received, and a gain recorded. And the best part is that the vessel remains under the owner's control for further trading and possibly an eventual second sale, depending on market conditions, through the exercise of the purchase option.

The possibility had never occurred to us, but in the Norwegian world of project finance, transactions can be recycled. Approximately 10 years ago, Adriatic Chemical KS was formed to acquire two small chemical tankers...

Shipping and offshore took in just $6.2 billion in capital market proceeds during the first three quarters of 2019. Simply put, this figure is less than half of the next lowest total of the last 10 years...

While time flies, lending activity ebbs and flows. This week Dealogic issued its Marine Finance Rankings Syndicated Loans – First 9 Months 2018. Despite a steep upward revision from ~$25 billion to ~$43 billion in its latest report, nine-month volumes over the three-year period since Q3 2017 show a relative degree of stability (see figure 1).

In an article entitled "Companies Suffer as Shale Cools,"[1] the author Rebecca Elliot suggests that the slowdown in drilling is unusual in that it has not been driven by a decline in oil prices. "Rather, U.S. oil producers are paring growth and spending largely because many have struggled mightily to generate returns for shareholders and are facing tightening access to capital." Chris Wright, the CEO of Liberty Oilfield Services more bluntly states that "Investors are playing a large role here, and that's the biggest driver of this cycle."

For the sixth time, Diana Shipping Inc. successfully concluded a tender offer for its shares, which commenced on November 12th.Despite the enticement of oversubscription, the company remained disciplined acquiring only the number of shares in the original tender...