Last week, Dorian LPG Ltd. announced that it had completed two $70 million sale-and-bareboat charter arrangements with the same counterparty in Japan for its 2015-built VLGCs Cratis and Copernicus.

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While keeping a low profile, Japan has historically been a key source of lease financing beginning with the Shikoku owners and lately extending to JOLCO financings.

Buoyed by a booming container market and an asset light model, ZIM Integrated Shipping Services Ltd. (“ZIM”) posted remarkable results for Q4 2021 and the fiscal year.

With real money on the line, emissions data and all manner of calculations derived from it are now moving from the realm of “obscure” (lurking in the file cabinets of owners’ technical departments) to widely available public disclosures. Not surprisingly, a number of new product introductions occurred in conjunction with the IMO’s MEPC 77 then the COP26 meetings in November 2021- where the CII ratings timeline over the next few years was solidified.

Market sources tell us that Deutsche Bank has won the mandate to sell Evergas.

According to its Q4 2021 earnings presentation, Safe Bulkers Inc. was busy in both the banking and capital markets. In December, the company entered into a new $100 million five-year credit facility secured by six vessels.

It is not an overstatement to state that Gary Wolfe is the Father of Shipping and the Capital Markets.

The dramatic reversal of fortune in the long-beleaguered container shipping industry has been nothing short of remarkable — and there is no example more stunning than the performance of Zim’s 2021 IPO and subsequent secondary offering.

You might not know it in light of news coverage of the world’s logistical challenges, but the movement of goods is not limited to the East/West trades. There is also a very important North/South trade which does not receive much recognition.

Continuing the process of deleveraging, Navios Maritime Holdings Inc. announced last week its intention to redeem $25 million of its 11.25% Senior Secured Notes due 2022 (the “Notes”) at a redemption price equal to 100.00%, plus accrued and unpaid interest.

ABN AMRO has been a stalwart lender to the shipping sector since 2003 and has established itself as a tier-one lender for those shipowners and container lessors in North America.