Having Mr. Fredriksen as a shareholder makes anything possible. In this instance, the fallout from the restructuring of the Seadrill obligations has put a strain on SFL Corporation's balance sheet.

Marine Money Webinar(7/8/2020)watch Charlie Papavizas,Kirk Phillips, and Matt McCleery discuss investing in U.S. maritime assets and what to look out for.

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As a creature of habit, we confess that change is discomfiting and our capacity to pivot limited. Still, as our title suggests, we need to accept change and evolve. Frankly, with our raison d'être being shipping, our environmental focus has been on new propulsion systems and alternative fuels.

Making quick use of its continued credit improvements and newly acquired senior securedratingof BBB- and BB corporaterating, Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. ("Atlas"), issued in a private placement to qualified institutional buyers $201.25million of its 3.75% Exchangeable Senior Notes due 2025 (the "Notes"), comprising the $175 million initial offering amount, plus exercise in full of the over-allotment option for an additional $26.25million of Notes on the back of strong demand.

With commercial banks continuing to reduce exposure to shipping, non-bank lenders are playing a larger and more important role than ever in ship finance. In this session, Matt McCleery talks to Joe Cipolla from Wafra Capital Partners about...

Last week, Navios Maritime Holdings Inc.("Navios Holdings") announced that it had sold the Navios Gem, a 181,336 dwt Capesize bulk carrier built in Imabari in 2014, and the Navios Victory, a 77,095 Panamax bulk carrier built at Koyo Dock also in 2014 toNavios Maritime Partners L.P.("Navios Partners") for a sale price of$51.0 million en bloc, subject to working capital adjustments.

When Bouchard Transportation Co. Inc., the nation's largest privately-held, ocean-going petroleum barge company, announced that it and certain of its subsidiaries had filed voluntary petitions to restructure under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas it brought to a head a festering challenge for the multi-generational family tug and barge business.

According to the book of Ecclesiastes.... For everything there is a season, which means there's a "right time" for everything. The author of the Old Testament may not have been thinking about ship finance (even though Noah was the owner of a livestock carrier!), but the concept holds true.

In this episode, Bjørn shares the lessons he's learned, his strategy for making shipping investments, and what the future might look like for the ship management business.

Bringing its previously announced share repurchase program to its conclusion, Danaos Corporation, last week, announced that it had repurchased 4,339,271 shares of its common stock, representing 17.5% of the shares outstanding as of March 1, 2020, for an aggregate purchase price of $31.1 million in privately negotiated transactions.

Amidst the clamoring for share buybacks, Safe Bulkers Inc. veered off today's traditional capital allocation choice and acquired a new vessel as part of its fleet renewal program.