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Strike While the Iron Is Hot

January 28, 2021

Last week, just after Odfjell's issue, Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., announced that it has successfully priced $200 million in new senior unsecured sustainability-linked bonds in the Nordic bond market.

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.

Brave New World

March 15, 2018

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"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

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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"

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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.

M.M.W. Webinar - The Trillion-Dollar Opportunity: Decarbonizing The Shipping Industry

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Virtual Marine Money Week's first webinar. Watch our diverse group of panelists discuss the challenges and opportunities that face the industry on its path to zero emissions.

A Creditworthy Shipping Derivative

May 30, 2019

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We Will Get There

January 28, 2021

Wednesday's London Marine Money webinar series produced some remarkably stimulating, enjoyable, and thoughtful opinions. I strongly encourage everyone to give a listen to the sessions.

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