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Cadeler Raises $203 Million Through Equity Private Placement
Apr 2, 2026
This week, Cadeler continued the broader shipping industry’s equity raising activities with a new private placement that raised NOK 1,965 million, or approximately $203 million, in new capital. Cadeler issued just over 35 million in new shares, approximately 10% of the company’s outstanding shares pre-issuance, at a price of NOK 56/share, or approximately $5.76/share, with DNB Carnegie and Jefferies as joint global coordinators and bookrunners.
Behind Sinokor’s Buying Spree: MSC Moves Outside Containers Again
Mar 26, 2026
One asset class has been at the center of attention this year: VLCCs. More specifically, one market participant, Sinokor, which has been rapidly acquiring any VLCC available. Companies: Sinokor, Veson Nautical, Signal Group , Intermodal Research, Mediterranean Shipping Company, SAS Shipping Agencies Services, A.P. Møller – Mærsk, Gram Car Carriers, MSC Cruises, Wilson Sons, Terminal Investment Limited
Awilco LNG Raising $26 Million Through Private Placement
Mar 12, 2026
Building on the equity capital markets success in the Nordic markets, Norwegian LNG Shipping company, Awilco LNG ASA has recently secured new equity through a private placement. Companies: Awilco LNG ASA , Fearnley Securities , Wikborg Rein , ALNG Trading, CDB Financial Leasing
Ocean Yield Raises $130 million Through New Unsecured Bond Issuance
Mar 5, 2026
While bond issuances have become a staple of shipping finance throughout the last few years, few have used them more than Ocean Yield. Companies: Ocean Yield, Arctic Securities, Danske Bank, DNB Carnegie, SEB, BAHR, Kohlberg Kravis Roberts , CapeOmega Gas
Crude Tanker Bull Run Provides Equity Ramp – Capital Tankers to Raise $345 Million in Oslo
Feb 26, 2026
Shipping investors have been waiting since the end of 2024 for a crude sector bull-run, one that many were hoping would come in early 2025 that never really materialized. Those that held on or even bet harder on this market (like Sinokor who has rapidly acquired VLCC tonnage from all over the market), are finally being rewarded as crude tanker rates break new ceilings. Companies: Sinokor, Clarksons Research, Okeanis Eco Tankers, Bruton Limited, Capital Maritime & Trading Corporation , Capital Tankers, Fearnley Securities, Pareto Securities , Clarksons Securities, SpareBank 1 Markets , Thommessen AS , Watson Farley & Williams , Simonsen Vogt Wiig
Crosby Enterprises Subsidiaries to Restructure - File for Chapter 11
Apr 2, 2026
Last week, Crosby Enterprises subsidiaries, Crosby Tugs, Crosby Dredging, and Crosby Marine Transportation, filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Louisiana.
D'Amico International Shipping Refinances Six MR Tankers For $83 Million
Mar 12, 2026
Over the past year, bank financing margins have reached lower and lower floors. While for the most part, that momentum has stalled with most facilities comfortably settling around 150 basis points, at this past Marine Money Hamburg, we even heard some comments believing that spreads could drop below 100 basis points! Companies: K-SURE, International Seaway, Navigator Gas, d’Amico International Shipping , d’Amico Tankers,
Tidewater Builds on Brazilian Operations with Wilson & Sons Acquisition
Feb 26, 2026
With COVID-era bankruptcies fading into the rearview mirror for the offshore sector, deal making activity is picking back up as companies look to capitalize on a recovering market. Companies: Tidewater, Wilson Sons Ultratug Participações S.A. , Atlantic Offshore Services S.A. , International Trade Organization, The International Energy Agency, BNDES, Banco Do Brasil , Piper Sandler & Co. , Skadden, Arps, Slate, Meaghan & Flom, Machado, Meyer, Sendacz e Opice Advogados ,
Zeaside Capital Partners Acquires Alba Tankers
Apr 2, 2026
Zeaside Capital Partner’s recent announcement that the firm is acquiring Alba Tankers alongside a consortium of investors, on the surface, may look like another tanker M&A play. While there could be some influence from broader energy markets, the apparent strategy behind the deal is more nuanced and may even bear greater resemblance to those “niche” sector investments we discussed recently. Gorrissen Federspiel and PwC Danmark acted as advisors on the deal.
High Vessel Prices Drive Consolidation in Niche Sectors – NYK Goes on a Shopping Spree
Mar 19, 2026
For the past several years, shipowners, lenders and investors have faced the same existential conundrum. Companies: Nippon Yusen Kaisha Group, Westfal-Larsen Group, Saga Welco AS , Saga Shipholding, Masterbulk, Mitsui O.S.K Lines , Gearbulk, G2 Ocean , S&P Global, Intermodal Research, Global Wind Energy Council , Stolt-Nielsen, Stolt-Nielsen Gas Ltd, HFW, Avenir LNG limited, Golar LNG, Höegh LNG, DNB, Wallenius Lines, United European Car Carriers , Kawasaki Kisen Kaisha, K Line, JERA, Toyota Tsusho Corporation, Fearnley Securities, World Shipping Council , DNV
Pelagic Partners Continues New Listing Trend With $75 Million Pelagic Credit IPO
Mar 12, 2026
A standout trend in the year thus far has been the re-emergence of equity capital markets. Companies: Pelagic Partners , Pelagic Capital, Clarksons Securities, Fearnley Securities, Marevia Holding I Co., Marevia Holding II Co. , Marevia III Co., BCN Two Pte, Bertling Group, Pelagic Wind, Hartmann Group , SFL Corp., Ocean Yield
Hapag-Lloyd Agrees to Buy ZIM for $4.2 Billion
Feb 19, 2026
In a triumph for the German shipowning community, Hamburg’s hometown hero, Hapag-Lloyd, has emerged as the winner in the competitive battle to acquire Israeli container shipping company ZIM Integrated Shipping Services. Companies: Hapag-Lloyd, ZIM Integrated Shipping Services, Evercore, Barclays, Meitar Law, Hapag-Lloyd, Cravath, Swain & Moore, Skadden, Arps, Slate, Meagher & Flom, Hengler Mueller, Bank Leumi, Bank of America, White & Case, New York Stock Exchange, Citi, Goldman Sachs, Barclays, FIMI, New ZIM
Equity Markets See Elevated Secondary Transactions
Mar 26, 2026
In recent months, equity capital markets have re-emerged from a long “equity drought” in more traditional markets like Oslo and New York, raising a significant amount of capital for shipowners. Companies: BW Group, Navigator Gas, Citigroup, DNB Carnegie, Fearnley Securities, Pareto Securities, Oaktree, EGD Shipping Invest, Klaveness Combination Carriers, Clarksons Securities, d’Amico International SA, d’Amico International Shipping,
Performance Shipping Seals Sale-leaseback for Newbuild on Charter to Mercuria
Mar 19, 2026
This past week, Performance Shipping entered into a sale and leaseback agreement with an undisclosed and unaffiliated lessor for an LR1 newbuilding vessel under construction at Jiangsu New Yangzi Shipbuilding Co., scheduled for delivery in early 2027. Companies: Performance Shipping, Jiangsu New Yangzi Shipbuilding Co., d’Amico International Shipping , Mercuria Energy Trading
Navigator Gas Signs $133.7 Million In Financing for Two Newbuild Vessels
Mar 5, 2026
Continuing some of those trends described in the prior discussion with bank debt seeing increasingly lower margins, Navigator Gas this week entered a pre- and post-delivery financing agreement with a consortium of banks. Companies: Navigator Gas , ABN AMRO, Crédit Agricole, Nordea Bank , Jiangnan Shipyard Co. and China Shipbuilding Trading Co.,
Marinakis’ CCEC Issues EURO 250 million Greek Bond with 3.75% Coupon
Feb 26, 2026
Recently, most high-profile bond deals have been offered in Nordic markets. Marinakis’ Capital Clean Energy Corporation (CCEC), however, chose to raise their latest bond offering from the Greek markets. Compan: Capital Clean Energy Corporation
Maritime Action Plan – How does the U.S. Plan to Restore its Depleted Maritime Industry?
Feb 19, 2026
In recent years, there has been a tremendous renewal in attention on the United States maritime industries. Rhetoric coming from Washington has focused on everything from port infrastructure, shipbuilding, and shipyards, the international U.S.-flagged fleet, the domestic Jones Act fleet, and just about everything in between. Company: TOTE Services