Wasting no time, Excelerate Energy, Inc. announced this week that the company and Excelerate Energy Limited Partnership (the “Borrower”) have entered into a new three-year senior secured revolving credit facility of up to $350 million.

Frontline and Euronav announced a planned merger, creating a tanker giant.

With sale-and-leaseback transactions dominating the news this week, we failed to see the forest through the trees in considering Ardmore Shipping Corporation’s latest transaction.

Back in May and June 2014, Safe Bulkers Inc. issued $50 million and $70 million respectively of its Series C and Series D Cumulative Redeemable Perpetual Preferred Shares each carrying a coupon of 8 percent.

While the world was focusing on the need to respond to climate change, the war in Ukraine reminded us of the importance of energy security. Despite our hopes for a green future, we all understand that the world is dependent on oil, and that is not going to change anytime soon.

Wallenius Wilhelmsen ASA reopened the Nordic bond market with a NOK 1.25 billion sustainability-linked bond.

It is evident that Dorian LPG has demonstrated a strong preference for Japanese sale-leaseback transactions. After all, the print had not even dried on last week’s issue of Freshly Minted, which highlighted two recent transactions that Dorian had recently concluded, when it announced two new ones last Friday.

On Wednesday, Atlas Corp. announced that Fairfax Financial Holdings Limited had notified the company of its intention to exercise warrants to purchase 25 million common shares of Atlas. Originally issued in July 2018, the Warrants have an exercise price of $8.05 per common share for a total exercise price of $201.25 million.

There is truth in numbers, which no one can dispute. While a decline in lending activity since the pandemic began is no surprise, the degree with which it fell over the past two years is remarkable given the context of the regular capital requirements of ongoing newbuilding deliveries, sale and purchase activity, and refinancings.

Last week, MPC Container Ships ASA took a giant leap and ordered two wide beam 5,500 TEU eco-design newbuilding containerships. Deviating from tradition, these will be the first newbuildings in its fleet.

Last week, ZIM Integrated Shipping Services announced the latest in a series of tonnage acquisitions as it scales up and modernizes its operating fleet. With an explicit strategy of remaining asset light, the company, since its IPO, has agreed to charter 42 newbuilding and three used containerships.

Back in January, Hafnia Limited announced it had successfully completed the acquisition of Chemical Tankers Inc. gaining control of CTI’s fleet of 32 modern high specification ECO design vessels. The bulk of the fleet is comprised of MR (6) and Handysize (18) IMO II coated tankers built in Korea in 2015 – 2016.