Articles

As we discussed before, spin-offs seem to be back in vogue, with the announcement by Euroseas that they completed their spin-off Euroholdings, and a proposal by Costamare to spin-off their dry bulk business into Costamare Bulkers. Companies: Euroseas, Euroholdings, Costamare, Costamare Bulkers, Toro Corp, Castor Maritime, Robin Energy Ltd, Nasdaq, Icon Energy,

It is not often that we hear about a deal getting done in a one-month window. Of course, we have seen deals cross the finish line quickly, especially in markets like Norwegian bonds when the market has an endless appetite as it has recently. Companies: BlackRock, CK Hutchison, Goldman Sachs, Citigroup, S&P Global, Blackstone, KKR, Global Infrastructure Partners, Mediterranean Shipping Company (“MSC”), Terminal Investment Ltd

There have been many significant movements in the macro-outlook for shipping, largely caused by an influx of new geopolitical concerns, and it was all the talk at Marine Money Hamburg last week, as discussed in the summary below. Companies: Ocean Yield ASA, Nordea, Arctic Securities

In Q4 of 2024, we released a whitepaper on Maritime Venture Financing, where we illustrated a snapshot of the current venture investing spectrum as well as the startup trends we have seen over the last couple of years. Companies: TMV, theDOCK, Motion Venture

Rocktree Logistics, which owns and operates maritime infrastructure services (including post-panamax bulk carriers that have been converted into transshipment facilities), has agreed to acquire Atria, a leading South American port services and river transportation group, from private equity fund Southern Cross Group. Companies: Rocktree Logistics, Atria, EnTrust’ Evercore, Proskauer Rose LLP, Beccar Varela. BNP Paribas, Cross, Salaverri, Burgio & Wetzler Malbrán

Hahn & Co. initially invested in SK Shipping in 2018, acquiring an 83.65% stake in the business for approximately $1.0 billion as part of the PE firms’ strategy to invest in the shipping sector. Companies: HMM,

John Fredriksen has historically been more of buyer than a seller. In recent years, though, the GOAT has been doing some divesting - and not surprisingly he’s been fetching premium valuations. Companies: DNB Markets, Schjødt AS, Golden Ocean Group Limited, CMB.Tech (“CMBT”), Euronav, Avance Gas, BW LPG, EXMAR LPG

Last week, the ballroom of the Grand Elysée hotel in Hamburg was packed with nearly 500 guests for our 23rd Marine Money conference in the Hanseatic city.

Dry bulk charter rates have been weak lately, but publicly traded dry bulk companies like Star Bulk have never been stronger. Companies: Taipei Fubon Commercial Bank Co., ING Bank , ABN AMRO

UK- and NYC-based infrastructure fund Basalt Infrastructure Partners recently announced that its Vanadis LNG platform, managed by Celsius Shipping, has added another ship to its portfolio. Companies: Basalt Infrastructure Partners , Vanadis LNG , Celsius Shipping,Samsung Heavy Industries, JERA, CMB Leasing , COSCO Shipping Leasing , Freyja LNG

What financing sources are owners taking advantage of today? One is clearly the bond market, which remains open for both new issuances. Companies: Ocean Yield , MPC Container Ships, Arctic Securities, Pareto Securities, Clarksons Securities and Fearnley Securities, Stena AB, Stena International, Hapag-Lloyd, Danaos, Star, KfW IPEX-Bank , Carisbrooke Shipping, Frontline Ltd, ING, First Citizens, Crédit Agricole, SEB, EnTrust, Hayfin , Nordic American Tankers

The United States has created numerous humanitarian programs throughout many years. These programs deliver a wide assortment of commodities to other nations in need around the globe. Companies: Food for Peace , United States Agency for International Development, Bill Emerson Humanitarian Trust , Food for Progress, McGovern-Dole International Food for Education and Child Nutrition, United States Department of Agriculture , Department of Defense , Commodity Credit Corporation , Maersk Line Ltd, Matson, APL, Liberty Maritime, MARAD, Government Accountability Office

The past five years have given us black swan after black swan. As mentioned at our Marine Money forum in New York City in November 2024, the current shipping environment can be described as a pond full of them. Companies: Danaos, Citigroup, BNP Paribas, Alpha Bank, Credit Agricole CIB, Eurobank, KfW-Ipex, Bank of America, SEB, UBS, E.Sun, Norton Rose Fulbright , Hapag-Lloyd, the Yangzijiang, Dalian and Huangpu Wenchong

The new year has been active when it comes to shipping and the public markets, with a few IPOs on the horizon, a potential “at the market” offering by Capital Clean Energy Carriers, and now the successful completion of a reverse merger. Companies: Heidmar, MGO Global, Maxim Group , Seaborne Capital Advisors , Sichenzia Ross Ference Carmel LLP , Seward & Kissel LLP, Rhea Marine Ltd. , Maistros Shipinvest Corp.

Hapag-Lloyd has big goals, the company is fully supportive of the IMO's net-zero by 2050 target, and plans to reduce its greenhouse gas emissions by approximately one third by 2030. Companies: Hapag-Lloyd , Drewry, Clarksons Research, DNV, KfW IPEX-Bank , Sinosure, HSBC Continental Europe, Watson Farley & Williams, Hogan Lovells

While much talk has been centered around the new administration’s intention to use tariffs, something which could disrupt trade routes – tariffs are not new to the world let alone shipping. Companies: Hapag-Lloyd, CMB, ICBC, BOCOMM, Eastern Pacific Shipping, SPDB

As we have discussed previously, the recent trends in shipping seem to point to more companies going private, or at the very least staying private. Companies: Euroseas, Euroholdings, Costamare Inc, Costamare Bulkers Holdings Limited, Morgan Stanley, Cravath, Swaine & Moore, Neptune Maritime Leasing, New York Stock Exchange

This week we received Dealogic’s “Marine Finance Rankings Syndicated Loans—Fourth Quarter 2024,” revealing reversals of trends substantiated through previous quarters, and revealing information about the debt and loan market in our industry throughout 2024.

European Offshore Wind is one of the most exciting secular stories in shipping – and many of the most active market players will be participating in a panel discussion at the upcoming Marine Money Hamburg event on February 26th. Companies: Sumitomo Corporation, Integrated Wind Services, Intelatus Global Partners

2025 had a strong start for shipping M&A with EnTrust’s offer to take Belships ASA private, continuing 2024’s trend of strategic acquisitions. Companies: EnTrust, Belships ASA , Alfa Laval, AMA Capital Partners, NRG Marine, Wallenius, Alfawall Oceanbird , StormGeo