The situation today, to say the least, is fluid and the future, perhaps, even more indeterminate.

Dealogic's year-end Marine Finance Rankings – Syndicated Loans report arrived this week, with little in the way of a surprise, after our usual slicing and dicing of the data.

This year we received a number of highly competitive nominations in this category, as bankers carefully structured transactions to appeal to these discriminating investors. Optionality always appeals and Credit Agricole continues to make hay as the leader for KEXIM co-financings with Guaranteed Note option in shipping.

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Although it has no debt facilities maturing during 2020, Navigator Holdings Ltd. does have its $100 million 7.75% Senior Secured Notes maturing in February 2021.

Private placements were the most prolific of equity issuances with $2.0 billion raised over 29 deals, though a decline from the $2.9 billion in 2018...

Diversified companies with long term contracts were again rewarded in the overall rankings. Seven of the top ten companies were repeats from 2017. Newcomers Knot Offshore Partners, American Shipping Company, and Seaspan replaced Golar LNG Partners, Wallenius Wilhelmsen Logistics, and Algoma Central Corporation in the top ten.

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The monthly roundup of deals for the month of February. For more information log in to you account and see all the details in our deal database.

2018 was the worst year of the decade for shipping investors in terms of total return to shareholders. And, we wondered why so few investors were at Marine Money Week One on Ones. On the other hand, as the chart on the top performing companies shows, there are still small fortunes to be made in shipping.

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