Late week, in a highly accelerated process, Color Group AS successfully placed a new 3.5-year senior unsecured bond issue of NOK 900 million.

The stock market remains a mystery to us. Earnings are of little consequence as compared to non-GAAP financial measures including cash flow. Stock prices also fall or rise depending on how the quarterly results compare to analyst estimates and, of course, their latest recommendations.

Since 2021, d’Amico International Shipping S.A. (“DIS”) has acquired five of its chartered-in vessels, taking advantage of both rising asset values and improved liquidity.

On Tuesday, GasLog Ltd. (“GasLog”) offered to acquire all of the outstanding Common Units of GasLog Partners LP not already beneficially owned by GasLog.

On Monday, Golar LNG Limited announced that it would acquire New Fortress Energy’s ownership stake in the FLNG Hilli, representing a 50% interest in Trains 1 and 2, in exchange for $100 million in cash, Golar’s remaining 4.1 million shares in NFE acquired in the sale of Golar Power and the assumption of approximately $323 million in debt linked to the vessel.

Last week, Stena International S.A., a subsidiary of Stena AB, successfully placed €325 million of Senior Secured Notes in the 144A/Reg. S market. Maturing in February 2028, the Senior Notes bear interest at 7.25 percent.

Borr Drilling Limited’s (“Borr”) $350 million convertible bond is due May 2023 and needed to be dealt with. In simple terms, the company was faced with the choice of whether to replace the bond with another convertible bond or a traditional bond.

Last week, SFL Corporation Ltd. successfully placed $150 million of senior unsecured sustainability-linked bonds. Maturing in February 2027, the bonds will pay a coupon of 8.875% and be issued at a price of 99.58% yielding approximately 9 percent.

Back in January, TORM entered into two agreements to acquire a total of seven LR1s built between 2011 – 2013 built at renowned Korean and Chinese shipyards for an aggregate purchase price $233.0 million.

This week, MPC Container Ships ASA (“MPCC”) announced further measures that it has recently taken with respect to portfolio optimization and capital allocation.

Stamatis Tsantanis, the Chairman & Chief Executive Officer of Seanergy Maritime, is a man on a crusade. Nothing will stop him in his effort to increase the company’s shareholder value.

Last week, Altera Infrastructure L.P. announced that it has emerged from the Chapter 11 process, having successfully consummated its plan of reorganization just five months after the cases were initiated.