Last week, Hudson Structured Capital Management Ltd. (“HSCM”), announced that it has expanded its transportation alternative investment platform through the acquisition of the key business assets of Northern Shipping Fund Management LLC (“NSF”), a leading alternative capital provider to the shipping industry.

Last week, Hafnia Limited successfully completed the private placement of 37.6 million new shares at a subscription price of NOK 25 per share, raising gross proceeds of NOK 940 million (approximately $100 million).

As of the end of April, CMB is ahead having built up a larger position controlling 15.11% of Euronav’s outstanding shares/voting rights against Mr. Fredriksen’s 10.01 percent. But in the process has CMB done itself a disservice by throwing caution to the wind?

The shareholders of Gram Car Carriers ASA (“GCC”) went risk-on this week. The company announced the formation of Global Auto Carriers AS (“GAC”) for the purpose of ordering four 7,000 CEU dual fuel Pure Car Truck Carriers from China Merchants Jinling Shipyard (Weihai) Co., Ltd. with options for an additional 2+2 vessels at the same yard.

There was an electrifying buzz in the 85-degree Hamburg air, as the 20th annual Marine Money convened today for the first time since February 2020.

These days every self-respecting shipping CFO has reserved a stopover in Japan as he travels the globe in search of financing. Last week, International Seaways Inc. (“INSW”) reported its results for Q1 2022 and in that report the company disclosed two lease financings with Japanese counterparties.

As war and inflation stir fear and uncertainty, investors are going risk-off dumping tech shares, despite respectable albeit lower earnings, taking a longer view amidst volatility. Shipping shares have become attractive as supply chains remain tangled. One might even say, there’s never been a better time to invest in shipping.

Last week, Höegh Autoliners ASA (“HAUTO”) announced that it had obtained commitments from nine leading Nordic and European banks for a senior secured credit facility of up to $400 million, to refinance its existing senior secured bank debt which amounted to $442.6 million as of December 31, 2021.

The following are excerpts from our perusal of Q1 2022 earnings reports.
• As Always, Carefully Planned and Executed
• Global Ship Lease Allocates its Capital
• A Desirable and Logical Goal
• Flexibility Plus Strength
• GasLog’s Reported Financings
• Ever Better – New Lenders, Lower Pricing and Longer Term
• Going in the Opposite Direction

As individuals, we all reach adulthood hopefully with a sense of how to manage our money. We learn to live within our limits, spend cautiously, and save for a rainy day. Corporations, on the other hand, have their own set of rules for dealing with their capital which are referred to as capital allocation.

Consolidation has always been the dream of the industry and the timing is now propitious. The tanker market is showing signs of recovery, albeit largely on the back of geopolitical events, and with the shipyards filled to near capacity with containership and LNG carrier orders it may be impossible for tanker owners to shoot themselves in the foot.

2020 was a transformational year for Amsterdam Trade Bank N.V. in more ways than one. That year the bank decided to revise its strategy by focusing on delivering digital banking services to small- and medium-sized enterprises (“SME”) across Europe.