top of page
Market%20Intel%20Banner_edited.jpg

Articles

VIEW, SEARCH, AND FILTER ARTICLES BELOW FROM OUR CONTENT ARCHIVE WITH OVER 30 YEARS OF INDUSTRY INTELLIGENCE

Keyword Search

REFINE SEARCH

Date: From

Date: To

Category

Top of Articles
MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

KOBC Issues Bonds – Proceeds for Domestic Investment

May 16, 2024

When ordering a ship, amongst factors like quality, cost effectiveness, speed of delivery, and more, undoubtedly Korean shipyards are part of the discussion. Companies: Korea Ocean Business Corporation , Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine , Yang Ming Transport, Ocean Network Express, Maersk, Korea Development Bank, BNP Paribas, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., J.P. Morgan Securities plc, Standard Chartered Bank, KB Securities Co., Ltd., Paul Hastings LLC

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Svitzer Becomes Latest in Legacy of Maritime “Spin-Offs”

May 9, 2024

Spin-offs, AKA “demergers,” are usually a winner for shareholders. Although there might be an adjustment period during which the market “discovers” the appropriate price for each of the shares, it is generally acknowledged that the mechanical act of spinning off creates value. It also creates an opportunity for investors to allocate capital to “pure plays.” Companies: Teekay Shipping, Teekay Offshore, Teekay LNG, Teekay Tankers, SEACOR Holdings, American Industrial Partners, Castor Maritime, Stealth Gas, Seanergy, Diana Shipping, United Maritime, A.P. Moller - Maersk, Svitzer Group AS, Svitzer AS, Nasdaq Copenhagen, OSG, International Seaways, Navios

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Summit Ridge, Panorama Provide $94M to Compagnie Maritime Monégasque

May 9, 2024

Huh? Not all capital raises for offshore companies occur in the delightful city of Oslo? Apparently not. What, you want proof of this shocking revelation? Companies: Compagnie Maritime Monégasque , Summit Ridge Capital Partners, Panorama Capital Partners, International Trade Administration, Petrobras

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Baltic Exchange Investor Indices: Tools for New Investment in Shipping

May 2, 2024

With shipping having made headline news amidst many supply chain disruptions, interest from outside the industry has peaked and the Baltic Exchange has practically become a household name. Companies: Baltic Exchange,

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

DNB, Pareto, ABG SC Advise Yinson’s Debut in International Capital Markets

Apr 25, 2024

We are always excited to see a maritime company access the capital markets for the first time. Such was the case this week when FPSO owner and operator Yinson Production, part of the dynamic and ambitious Yinson Group, successfully placed $500m in senior secured bonds in the Nordic high-yield bond market this week. Companies: Yinson Production, Yinson Group, DNB Markets, Pareto Securities, ABG Sundal Collier, Moody’s, Standard & Poor’s, Fitch

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

The Importance of Expanding Funding Sources – Now More than Ever

May 16, 2024

After “household name” ship lenders like Royal Bank of Scotland, Bank of Scotland, HSH, NORD/LB, and a variety of other centuries-old shipping banks exited the ship finance market after the Great Financial Crisis, we at Marine Money began preaching about the importance of expanding funding sources.

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Geveran Invests $47.5M into Edda Wind…Mr. Messi Wants You!

May 9, 2024

Could there be a vote of confidence more satisfying than when John Fredriksen, the king of all shipping men, becomes your largest shareholder? Companies: Geveran Trading, Edda Wind, Østensjø Wind AS, Wilhelmsen New Energy AS, PS Ventures

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Fearnley Securities, Jefferies Advise Gram on $700m Takeover Bid by MSC Subsidiary

May 2, 2024

Car carriers are the rage! Wait, what? Did we just say car carriers? Yes, we did. This usually sleepy sector of industrial shipping has exploded in dealmaking activity and profitability in recent months. Companies: Wallenius Wilhelmsen, Höegh Autoliners, Gram Car Carriers, SAS Shipping Agencies Services, Fearnley Securities, Jefferies, DNB Markets, ABG Sundal Collier, Wikborg Rein Advokatfirma AS, Capient AS , . Advokatfirmaet Thommessen AS

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

CSL Acquires 50% of Peak, Expands Operations with Peak CSL Group

Apr 25, 2024

CSL Group (“CSL”) and Peak Group (“Peak”), have teamed-up to launch the Peak CSL Group (“Peak CSL”). The partnership follows an acquisition by CSL of 50% of Peak Group, who was advised by KPMG Norway on the sell side as well as Simonsen Vogt Wiig as legal counsel. Companies: CSL Group, Peak Group, Peak CSL Group, KPMG Norway, Simonsen Vogt Wiig

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Adrian Economakis is back in Maritime as the CEO of Intelligent Seas Group

Apr 25, 2024

This week, the Marine Money team caught up with our friend Adrian Economakis to learn more about his newest venture. As many of you know, Adrian was a regular feature on the Marine Money circuit for VesselsValue and really built that business to what it was before the sale to Veson. Companies: VesselsValue, Veson, Intelligent Seas Group

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

National Bank of Fujairah Provides $45M to Euroseas

May 16, 2024

When it comes to diversifying your roster of active lenders, there is nothing quite like having a series of eco-friendly newbuildings on solid time-charters – and the help of an arranger like Alantra. Companies: Alantra, Euroseas, EuroDry, National Bank of Fujairah

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Oak Tree Sells, Blue Ocean Buys…and the Offshore Exits Have Begun!

May 9, 2024

Different investors have different risk profiles, which is what makes the market so interesting. A good example of this is the market for vessels that support Offshore Wind and Offshore Oil & Gas installations. Companies: Golden Energy Offshore Services, Oaktree Capital Management, Blue Ocean Partners

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

DNB, Arctic, and Clarksons Assist Shelf Drilling with $315m Issuance

May 2, 2024

One of the newest offerings, by a subsidiary of Shelf Drilling, Shelf Drilling North Sea, recently completed a deal with proceeds used to refinance bonds maturing in October 2025. Companies: Shelf Drilling North Sea, Shearwater, DNB Markets, Arctic Securities, Clarksons Securities

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Danaos Secured $450m Facility to Expand Newbuildings

Apr 25, 2024

Danaos Corporation (“Danaos”), advised by Watson Farley & Williams, announced $450m in post-delivery senior secured financing from four banks: Citibank, BNP Paribas, KfW, and Alpha Bank, who were advised by Norton Rose Fulbright, for eight newbuild container vessels, bringing their orderbook to 14, more than doubling it. Companies: Danaos Corporation, Watson Farley & Williams, Citibank, BNP Paribas, KfW, Alpha Bank, Norton Rose Fulbright

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Höegh Autoliners Secures $720M of Financing, Multiple Uses of Proceeds

Apr 18, 2024

Höegh Autoliners has entered into $720 million of new long-term financing arrangements. Use of Proceeds includes: (1) the refinancing of all existing bank debt, (2) new financing for four Aurora-class newbuilds, and (3) acquisition financing of two more vessels the Höegh Jeddah and Jacksonville. Companies: Höegh Autoliners, Citibank, BNP Paribas, ING Bank, Crédit Agricole, DNB, Danske Bank, SEB, Nordea

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

NBF Provides its First Sustainability-Linked Loan

May 16, 2024

NBF has been actively providing financing to shipping, offshore, and bunkering companies in the Gulf region for many years, but this is their first deal with Euroseas. Companies: Euroseas, National Bank of Fujairah PJSC

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Guggenheim Credit Provides $150M to Great Lakes Dredge & Dock

May 9, 2024

Dredging is the behind-the-scenes sector for the success and preparation of projects you may not have realized: maintaining channels and ports, deepening them, developing barrier islands, even offshore wind. Companies: Guggenheim Credit Services, Great Lakes Dredge & Dock Company, Guggenheim Credit Services LLC

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

2024 Nordic Bond Recap – New Additions Keeping the Bankers Busy!

May 2, 2024

This year is shaping up to be a good one for Nordic bond markets. There are a variety of reasons for this including the large number of companies with debt maturities and commercial bank market’s “tepid” interest in lending to the offshore sector. Companies: Shelf Drilling , Color Line, OKEA ASA

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Deep Dive into Recent Newbuild Financings

Apr 25, 2024

The Danaos deal inspired us to take a look at some of the other newbuilding financings that have been concluded so far in 2024. Companies: MOL, COSCO, Xiamen Financial Leasing, Seaspan (Atlas), Hyundai Glovis

MM%20Black%20Logo%20Background_edited.jp
MM White Logo Background.png

Dolphin Drilling AS: $40 Million Private Placement Continues Capital Raising Success

Apr 18, 2024

Oslo-listed driller Dolphin Drilling has successfully raised approximately $40 million via a private placement of shares managed by Arctic Securities AS, Clarksons Securities AS, and DNB Markets. Companies: Dolphin Drilling, Arctic Securities AS, Clarksons Securities AS, DNB Markets, Strategic Value Partners, S.D. Standard ETC Plc, B.O. Steen Shipping AS, Surfside Holding AS, DNB, Pareto, Fearnley, MAP

bottom of page