The Poseidon Principles were created to encourage energy efficiency; whether the business case exists will depend on their wider uptake by ship-finance players, says James Frew, Maritime Strategies International

A leading, New York-based maritime and offshore merchant bank, AMA Capital Partners, has hired Nick Smith to increase the firm's depth in the European market. As a London-based European Managing Agent, Nick will help bolster AMA's ability to provide on-the-ground support to their client base, while pursuing new opportunities.

These are good times. Tanker rates are up and there is no lack of interest in the tanker sector again as evidenced by the recent rise in share prices. For Navios Acquisition, it seemed to be a perfect time to tap the equity markets, as you can never have enough cash or share liquidity...

We do not need to belabor the rationale or negative connotations associated with stock buybacks particularly in these tricky times. Instead of living up to their promise to invest and grow jobs in exchange for the tax break on repatriated funds, "Companies in the S&P 500 stock index spent more than $2 trillion buying...

As the impact of the COVID-19 pandemic reverberates across the globe, parties' ability to perform their contractual obligations continues to be put under strain. In light of this, can COVID-19 constitute a force majeure event that allows parties to defer or cancel their contractual obligations?

In the last 10 years we have seen the rise of Chinese leasing and its consolidation as a mainstream form of shipping finance. Can the shipping community continue to rely on the Chinese lessors to satisfy their financing requirements...
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In its Q2 2019 earnings presentation, Navios Maritime Acquisition Corporation laid out its plans to refinance its Term Loan B during the second half of the year. Due in June 2020, the loan has an outstanding amount due of $198.6 million. The mission was successfully concluded last week.

Webinar where Matt discusses with Hardie Edgecombe insurance strategies to unlock capital and liquidity

This article focuses on some issues arising under ship finance documents – and more generally the relationship between shipowners and their financiers – since the onset of Covid-19 (we do not address issues arising under shipbuilding contracts, which is a subject in its own right). At the risk of stating the obvious, Covid-19 has its most direct and immediate effect on crewing and operational matters, which in turn have an impact on safety and regulatory issues.

Follow up on theNavios Maritime Holdings Inc.sale. The Company received consideration of $20.0 million and new five-year service agreements under which NSAC will provide technicaland commercial management services...

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Review of Matt McCleery's new book Exit Strategy