Articles

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

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.

FINALLY, PRODUCT DEMAND SHOWS SIGNS OF RECOVERY
CONTAINER AND LINERS BENEFIT FROM RISING TENSIONS IN GAZA

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

From strategic to financial, joint ventures attract various types of participants with a wide range of motivations. Companies: Apollo, Energos, Morgan Stanley Infrastructure Partners, Crowley Wind Services, New Fortress Energy, Crowley, SEACOR, Fairwater, Avenir LNG, Stolt-Nielsen, Golar LNG, Höegh LNG (now Höegh Evi), DNB, Euronext Growth, Euronext NOTC

INVESTORS REMAIN CAUTIOUS
SHIPPING STOCKS CONTINUE TO WEAKEN

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

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

Evangelos Marinakis-controlled (and recently re-branded) Capital Clean Energy Carriers (“CCEC”) disclosed its plan to potentially issue up to $75 million in new shares via at-the-market (“ATM”) offerings. Companies: Capital Clean Energy Carriers, Jefferies, Capital Maritime, Dorian LPG , SFL Corp

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.

CONTAINER SECTOR TO BE AFFECTED MOST BY PROPOSED PORT FEES ON CHINESE SHIPS
SHIPPING STOCKS OVERALL WEAKER

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

It is earnings season. Deals have somewhat slowed as companies race to deliver (what is hopefully) good news to their investors, summaries of their investing and operations activities throughout the year, and announcements for the company going forward. Companies: Flex LNG, Oslo Stock Exchange, AMSE, NYSE, Citigroup., Hafnia, BW LPG

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

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

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

Marine Money London 2025 was a fine event as it always is: the first of the year, an opportunity to meet up after Christmas and the market is still in pretty good shape. But there was definitely a wind of change and the near certain positivity of the past two years has now changed to a mood of more uncertainty and much less exuberance.

This week, Asyad Group announced plans to list its shipping subsidiary, Asyad Shipping. Companies: Asyad Group, Asyad Shipping, Muscat Stock Exchange, Oman LNG , ADNOC L&S, Abu Dhabi Securities Exchange, Navig8, Sohar International Bank, Oman Investment Bank, EFG Hermes, Jefferies, JP Morgan, Crédit Agricole CIB, Société Générale