Articles

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One of the dominant themes in the maritime industry this year is the increased attention on U.S. shipbuilding, and shipping industries. Companies: Hanwha , Philly Shipyard , HD Hyundai, HD Hyundai Mipo, Cerberus, Huntington Ingalls Industries

Recently, many of the new public listings in shipping have been spin-offs as IPOs and have struggled to gain a lot of traction in recent years – at least in those markets like the U.S. and Norway. Companies: Asyad Shipping, Bruton Limited, Andes Tankers II , Magni Partners, 2020 Bulkers, Himalaya Shipping, Ardmore

The story over the past decade and a half in shipping loan portfolios has been more about retraction of traditional lenders than it has been new entrants. Company: Macquarie

The list of peer investments in shipping this year keeps on building. While tonnage remains expensive, shipping companies continue to bolster their balance sheets, ensuring they can strike on the next lucrative deal efficiently. Companies: Hafnia, , TORM Plc, Oaktree

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Shipping M&A has been relatively subdued in 2025 compared to previous years, but is still rather active when looked at on a greater scale. Companies: CoolCo , Eastern Pacific Shipping, ZIM, Golar LNG , Gram Car Carriers, Evercore, Latham & Watkins , Crédit Agricole , Skadden, Arps, Slate, Meagher & Flom , Clarksons Research,

VLCC SPOT RATES SURGE – WHAT DOES IT MEAN FOR TANKER COMPANIES’ EARNINGS?
SHIPPING MARKETS IN HIGH SPIRITS

No one can stay away from the Nordic bond markets this year. Between first-time issuers and stand-out margins, the deck is stacked with accomplishments, and adding to them is now International Seaways with an extremely strong inaugural issuance. Companies: International Seaways , DNB Carnegie, Nordea, Arctic Securities, SEB, Crédit Agricole, Clarksons Securities, Fearnley Securities , K-SURE, SFL, Ocean Yield

Equity raises for shipping companies have become rare occurrences in Western capital markets. Companies: ADNOC Logistics & Services , Pershing Square Holdings, KKR/Ocean Yield

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LNG has been a hot topic for discussion this year, whether through various bilateral trade deals, or strategic investments involving both new and old companies in the shipping sector. Companies: Wärtsilä, DHT, International Seaways’ , MSC, Hapag-Lloyd , DNV, MAN Energy Solutions, S&P Global , TOTE Maritime, Galveston Port LNG Project, Pilot LNG, Seapath Group, Libra Group

If the recent legacy of large-scale institutional capital (such as private equity firms) investing into shipping markets is one of short-term union, then there is no better contrast to these firms than family businesses. Companies: Altera Infrastructure, Teekay Offshore, Brookfield, Altera Shuttle Tankers, Angelicoussis Group, Maersk Tankers , A.P. Moller Holdings, Penfield Marine, Saltchuk, Overseas Shipholding Group , MSC, Gram Car Carriers , Fairfield Maxwell, Fairfield Chemical Tankers , MOL, Louis Dreyfus Armateurs, InfraVia Capital Partners.

Recently we have observed a wave of transactions in the gas sector, more specifically numerous new M&A transactions all involving pools of capital like private equity. Companies: Altera Infrastructure, Brookfield, Angelicoussis Group , Carlyle, Akin, Kirkland & Ellis , Apollo, Hav Energy, KKR/Ocean Yield , CapeOmega, Energos

Over the course of the summer season, as tariff delays and exemptions approached their August 1st deadline, the U.S. began a spree of bilateral trade deals, many of which included or targeted the U.S. shipping and shipbuilding industry. Companies: Ocean Network Express, Japanese Bank for International Cooperation, Nippon Export and Investment Insurance, Cerberus Capital Management, HD Hyundai, Cerberus Maritime, Korea Development Bank, MSIP/Crowley, Hanwha, Philadelphia Shipyard , Hanwha Shipping

CRUDE OIL INVENTORIES EXPECTED TO RISE THIS WINTER
BULKER AND TANKER STOCKS HOLD FIRM

It is no secret that take-private transactions, and M&A in general, have been one of our hottest topics over the past few years. Companies: OSG, Gram Car Carriers , MSC, Zim, Ocean Network Express

CRUDE TANKER MARKETS ARE HEATING UP
MOST SHIPPING SECTORS EXTEND WINNING STREAK

Following Ocean Yield’s end-of-summer bond issuance, the Nordic fixed-income market appears to be heating back up with a flood of new and contemplated issuances across shipping and offshore. Companies: Ocean Yield’s , Navios South American Logistics’ , Contships, Performance Shipping, Arctic Securities, Fearnley Securities, Tidewater, DOF Group ASA , DNB Carnegie, Pareto Securities, Clarksons Securities, Danske Bank.

One theme that keeps recurring this year is substantially lower newbuilding orders with Clarksons data showing, as stated before, a 54% decrease overall year-on-year in newbuild orders. Companies: Clarksons, DHT, International Seaways , DNB, Korea Trade Insurance Corporation