What a long and difficult year it has been. Traditionally, we would simply be wishing you a happy Thanksgiving, but the pandemic and the resulting economic collapse have taken our favorite holiday and, if possible, made its significance even more crucial.

In its Q3 2020 earnings report, Exmar announced that Exmar LPG BVBA, its 50-50 joint venture with Teekay LNG Partners received commitments of $310 million for the refinancing of the Nordea debt facility that matures in June 2021.

The Norwegian bond market continued to be the most active market for ship finance during September. Three companies- Color Group, Bonheur, and Klaveness Combination Carriers- completed notes issuances to raise a total of $156 million.

The leaders of the shipping industry came together at Marine Money Virtual Ship Finance Week. The event, held in conjunction with United Nations Climate Week, focused on all aspects of ESG, including gender equality, seafarer's rights (including the current crew repatriation crisis), the role of corporate boards, and, of course, decarbonization.

It was time to report Q3 earnings which for Star Bulk Carriers involves not only reporting the traditional fare, but of particular interest to us, the regular re-working of its long-term debt obligations including the addition of new debt and the refinancing of existing debt.

Over the years, Sovcomflot has achieved great success arranging project financings. On Monday, the company announced its latest transaction, which involved the refinancing of the two LNG carriers servicing the Tangguh LNG plant, Tangguh Towuti and Tangguh Batur, which are jointly owned and operated by SCF Group, NYK Line, and Samudera.

Forgive us for sounding like a broken record when it comes to the subject of stock buybacks. This latest chapter was triggered by the analysts' commentary on Q3 2020 company earnings and the continuing steep P/NAV discount prevalent amongst shipping companies.

Despite a weak economy, trade wars and a pandemic, Seaspan Corporation continues to execute on its growth strategy adding a total of 15 high-quality vessels to its fleet since December of 2019. In the latest acquisition, the company purchased two high-quality 12,000 TEU containerships constructed in 2018 for approximately $176 million in cash.

Last week, Heidmar Inc., the tanker pooling and commercial management company, announced that Pankaj Khanna has acquired 100% of the shares of Heidmar Inc and all its related companies, including but not limited to Heidmar Trading LLC, from George Economou, who will no longer hold any interest in Heidmar or any related company going forward.

On Monday, Navios Maritime Partners L.P. ("Navios Partners") announced that it has submitted a proposal to the board of directors of Navios Maritime Containers L.P. ("Navios Containers") to acquire the outstanding common units of Navios Containers not already owned by Navios Partners.

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We often try to make things more complicated than they are, but more often than not there is a simple explanation. Thankfully, we asked the question.