Many private equity funds have moved in and out of the shipping markets opportunistically, but a few funds have distinguished themselves through long-term commitment to our industry. Companies: Oaktree, Kohlberg Kravis & Roberts, Chembulk Tankers, Borealis/Australis, Embarcadero Maritime, U.N. Ro-Ro, Nord LB, Maritime Finance Company, Ocean Yield, CapeOmega, Partners Group, Knutsen, Shell, Engle, QatarEnergy, Geogas, France LNG Shipping

Shipping has faced a tumultuous year in shipping policy. While much of the politics has focused more broadly on the general economy and trade (like tariffs), some have specifically targeted the maritime sector, like the proposed USTR fees on Chinese owned/operated vessels, the result of which has been much more uncertainty surrounding Chinese leasing transactions. Companies: Sallaum Lines , FuJian MaWei ShipBuilding , CMHI Jinling, Mitsui O.S.K. Lines, Shenzhen Capital Group Co.

It is hard to believe it was only four months ago that the Trump administration’s sweeping “reciprocal tariffs” shocked markets worldwide—leading to the eventual decision by the White House to delay and negotiate until August 1st. Companies:

VLGC MARKETS MAY COME UNDER PRESSURE
GLOBAL SHIPPING STOCKS BENEFIT FROM SECTOR ROTATION

SUEZMAX RATES SURGE
SHIPPING STOCKS: EVERY SECTOR IN THE GREEN

Recent news has been dominated by a flood of earnings reports. Some companies are selling ships, others are buying, or sometimes doing both to renew their fleet. Companies: Star Bulk, ABN AMRO, National Bank of Greece, Genco, Hafnia

While newbuild financing may provide a new vector for capital deployment, refinancing transactions like Costamare’s are still proving a reliable source of deal flow. Companies: Hamburg Commercial Bank , LEMSCO, Stena AB , ProMarine AG, ABN AMRO, DNV, Proman

As we have discussed over the past month, Union Maritime has emerged as one of the largest proponents of commercial wind propulsion for shipping, placing large-scale orders for wind-assisted tankers and building out a lease financing platform to support retrofits. Companies: Union Maritime , Shanghai Waigaoqiao Shipbuilding, BAR Technologies, Norsepower, SeaBreeze, Piraeus Bank , Société Générale , Société Générale

This week, we received Dealogic’s “Marine Finance Rankings Syndicated Loans—Second Quarter 2025,” providing some insight into the current ship lending markets and quantifying some of our observed trends. Companies: Bank of America Securities, DNB Carnegie, Crédit Agricole, Nordea, BNP Paribas

This summer, in an unassuming corner of the European venture ecosystem, the Belgian startup Tilla raised €2 million in seed funding. Companies: Tilla, Motion Ventures, Exmar, Voyager Portal, Sedna, Dataloy Systems AS, Veson Nautical, OrbitMI, AuQub Intelligence, NAPA, StormGeo, Thetius, Digital Ship

Whether it is freight markets or financing, much of the shipping industry’s cyclicality is driven by some form of catalyst—events that cause larger than usual deviations from the normal. Companies: DHT, HD Hyundai Samho, Hanwha Ocean, ING Bank, Nordea, K-SURE, Jefferies, MSC, Costamare

Countries’ national interests are heavily intertwined with shipping, not only from the perspective of protecting industries but also supporting trade. Companies: Korean Export Credit Agency , Algoma Central Corporation, Hyundai Mipo Shipyard , ING, Trafigura, Crédit Agricole , Barclays Bank PLC, Oversea-Chinese Banking Corporation Limited, Hanjin Shipping , Korea Ocean Business Corporation