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Another Pocket of Cash
June 18, 2020
In another add-on transaction, Eagle Bulk Shipping Inc.announced on Monday thatEagle Bulk Ultraco LLC, a wholly-owned subsidiary, closed on a$22.6 millionincremental term loan under its existing five-year senior secured term loan facility, which bears an interest rate of LIBOR plus 2.50% and matures in 2024.
Connecting Norway
December 18, 2019
Norled AS is one of Norway's largest ferry and express boat operators and the market leader in express boat services with national coverage and a presence in all the major cities and regions along its coastline. With a fleet of 80 vessels, the company operates routes from the Oslofjord in the southeast to Troms County in the north.
"It's too late She's gone too far She's lost the sun She's come undone" 1
January 28, 2021
Tor Olav Trøim had a dream. Back in July 2014, he and John Fredriksen unwound their long-standing relationship, with Tor Olav deciding to focus his attention on developing Golar LNG Ltd. into a leading integrated LNG provider in the rapidly changing and fast-growing LNG industry.
M.M.W. Webinar - The Future Of Capital For Shipping
A healthy capital structure is essential for long-term success in the asset intensive and volatile shipping industry, but the ship finance markets are constantly shifting. Watch the panelists who represent different aspects of the finance equation discuss the future shipping capital.
Time for a Convertible
November 7, 2019
Pacific Basin $175 million Convertible Bond. When it comes to financing,Pacific Basin Shipping Limitedfollows the KISS principle, an acronym for "keep it simple, stupid" or "keep it stupid simple," a design principle first floated by the U.S. Navy in 1960. The company's approach...
Scope Group Launches "Ship Review"
Scope Group, the Berlin-based credit rating agency, has just launched an ESG rating system on 70,000 vessels. We wrote an article about this interesting platformhere. AndMr. Ralf Garrn, a Managing Director at Berlin-based Scope, to provide a "demo" at Marine Money's "Ship Finance & Decarbonization" virtual conference on February 25th. We hope you will attend.
Just the Facts
August 13, 2020
As a banker friend said to me the other day: "The offshore energy (services) and land-based energy (E&P) world is a MESS." While the offshore business is not our beat, we thought recent transactions entered into by Hermitage Offshore Services Ltd. were notable, particularly with respect to timing.