Bankruptcy is often looked at as a failing, but its design, when done well by professionals, especially when working with a fundamentally solid business, can return a company to financial and operational health, repay creditors and sometimes even return value to the equity.

In a landmark deal, Costamare Inc. announced on Monday, that its wholly-owned subsidiary, Costamare Participations Plc, successfully priced its offering of€100 million of unsecured bonds ("Bonds") marking the first such debt issue of a shipping company to be listed in Greece.

The theme of this year's33rd annual Marine Money Week, which will take placeJune 21-23, is, "A Golden Age for Shipping,"which reflects the extraordinary outlook and transformational opportunity for our industry.

Marine Money Weekis theworld's premier ship finance event–with anticipated attendance of 3,000 top shipping investors, financiers and decision makers around the world. It is an unparalleled investor marketing and business development opportunity andwe hope you will take advantage of it– as a sponsor, speaker, attendee or all of these.

Click here to visit the MM Week webpage

Late last month, Color Group AS successfully tapped its perpetual hybrid callable bond raising an additional NOK 300 million, the full amount under discussion, bringing the total amount outstanding under the issue to NOK 800 million, with a maximum availability of NOK 1,000 million.

For Seaspan Corporation, the aphorism in the title represents a corporate imperative as is its concern with climate change. When it comes to green financing, Oslo is a key destination and Seaspan, an early mover, quickly took advantage of the opportunity.

Taylor Maritime Investments Limited ("TMI") might be construed as an offspring of Pacific Basin Shipping. There is the involvement of the Buttery's, père et fils, as well as a strategic focus on Handysize and Supramax bulk carriers. This week, TMI also became a public company having successfully completed an IPO, with a listing on the London Stock Exchange, raising total proceeds of $253.7 million.

For replays of the sessions that were hosted during this years Marine Money Week, please click on this article for members-only link.

Following a credit rerating of one notch to investment grade by Fitch (BBB-/stable) and Standard & Poor's (BBB-/stable), PAO Sovcomflot successfully completed on April 20th a $430 million seven-year unsecured Reg S/144A Eurobond issue with a coupon of 3.85 percent.The upgrade reflects the ratings agencies appreciation of the company's industrial business model, as evidenced by strong cash-flow visibility, with over half of revenues coming from long-term fixed-rate contracts, and prudent financial policies.

Back in January, ZIM Integrated Shipping Services Ltd.successfully priced its initial public offering selling 14.5 million shares at $15.00/share raising gross proceeds of $217.5 million. With the strong container market showing no signs of abating, the share price has continued its spectacular rise closing yesterday at $44.15 per share, a return of almost 300 percent.

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The MMDI is comprised of companies that are leaders in marine-related decarbonization activities.

Last week, Teekay Tankers reported Q1 2021 results, which included a brief mention of the continuing process of refinancing the costly sale-leaseback transactions it had entered into back in 2017.