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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

Shipping markets have seen numerous events creating more uncertainty in the markets. A dramatic new administration has taken office in the U.S., we may finally see peace (hopefully) in the Red Sea, and the U.S. imposed even more sanctions on Russia. Companies: Deutsche Bank, EnTrust, Belships, SEACOR, NRP’s Premium Maritime Credit Fund

How Reformed Basel III With Its Many Names Will Bring Major Changes to Shipping Finance

Shipping had a wild ride through 2024, impacted by numerous macroeconomic factors including, but not limited to, war zones, fiscal policy, labor strikes, and, of course, the U.S. election.

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

American Shipping Company ASA, or AMSC, formerly-known-as Aker American Shipping, will liquidate and delist from the Oslo Exchange after nearly two decades since its beginnings. Companies: American Shipping Company ASA, Star Bulk, Eagle, Saltchuk, OSG, EnTrust, Belships, American Tanker Holding Company, Maritime Partners, Philly Shipyard, Keystone Shipping, Aker ASA, Solstad Offshore ASA, Solstad Maritime Holdings, Aker Capital

Yinson Production was an outlier many times in 2024. While much of the offshore industry looked to find growth financing, however and wherever they could until conditions improved. Companies: Yinson Production , Yinson Production Offshore Holdings Ltd, Abu Dhabi Investment Authority, British Columbia Investment Management Corporation, RRJ Group, Yinson Holdings Berhad, Beal Bank/CSG Investments , Shuaa Capital, National Bank of Fujairah , Arab Energy Fund , Allianz Marine, Stanford Marine

It is hard to believe it’s going on four years since the launch of sustainability credit/leasing fund: Eurazeo Sustainable Maritime Infrastructure (“ESMI”) fund. Companies: Eurazeo Sustainable Maritime Infrastructure, ELBE Financial Services, Mainport Shipping Ltd., Watson Farley Williams

Yinson Production’s Innovative and Novel Financing for Agogo FPSO

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

2024 was a record year for the Nordic Bond market and the window remains open as of now. Companies: Contships, Arctic Securities, Fearnley Securities

There is no capital market in the world that cares as much about shipping as Oslo. There are many reasons for this. For one thing, shipping is in the blood of Scandinavian investors. Companies: Scorpio Tankers , SFL Corp, Contships, Arctic Securities, Fearnley Securities

It has been less than a month since the beginning of the New Year and since Scorpio Tankers announced they had agreed to a new $500 million revolving credit facility to end 2024. Companies: Scorpio Tankers, SFL Corp

The decline of a U.S.-flagged international merchant marine is well discussed and documented at this point across multitudes of sources, ranging from the Cato Institute think tank, Senators, even the Bureau of Transportation Statistics and Department of Transportation.

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

Maritime take-private activity, at least in the U.S., has far outpaced the number of IPOs. Companies: Euroseas’, Euroholdings, BW LPG, Hafnia, Icon Energy , ZIM, Uni-Fuels, NASDAQ, R. F. Lafferty & Co., Inc, Venture Global LNG, Goldman Sachs, JPMorgan, Bank of America Securities, Cheniere Energy

Shipping is an industry vital to the global economy, responsible for transporting nearly 90% of the world’s cargo, valued at over $14 trillion annually (according to the International Chamber of Shipping). Company: Arctic Securities

As 2024 drew to a close, the shipping industry reflected on a year marked by contradictions. Liquidity flowed freely, mergers and acquisitions flourished, and shipowners enjoyed the benefits of historically low leverage.

With the release of our 4th quarter 2024 issue coming, “The Year in Review,” we thought we would give our regular readers a sampling of the transactions and trends we observed in 2024.