Articles

It was revealed in a panel at Marine Money Oslo, that offshore wind is out growing the general offshore sector. Companies: WindEurope , Awilco, IWS, Sumitomo Corporation

Last week, almost 200 dealmakers convened in the sunny city of Oslo to do that thing they love to do best: talk about doing shipping and offshore deals! There was even a round of Kahoot alongside industry titans to gauge industry sentiment. Shocker alert: It’s pretty positive!

While many maritime sectors enjoyed all-time highs during the pandemic, the same could not have been said about the cruising industry. Until recently, most of these vessels were seen heading to scrap yards, being sold at fractions of their original purchase prices, and there was even talk of possible bankruptcies. Companies: Villa Vie Residences, HSB Capital Corp, NRP’s Premium Maritime Credit Fund , Wikborg Rein, Fred. Olsen Cruise Lines,

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

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

Oaktree Capital Management’s (“Oaktree”) experience investing in shipping could comprise a textbook – or a Netflix show. It’s been a wild ride through boom and busts, recapitalization, mergers and more! Companies: Oaktree Capital Management, Citigroup, Torm Plc , Nasdaq, Star Bulk, Eagle Bulk , Hafnia , Chemical Tankers Inc, Navig8, Danaos, Blue Ocean Partners, Pelagic , Fleetscape, Meerbaum

With restless shipowners loaded with cash and looking for things to buy, the pace of take-private transactions remains robust – but finding deep value in the public markets is getting more challenging as shipping share prices continue their meteoric rise. Companies: Notos Group, Saltchuk, Overseas Shipholding Group, Mediterranean Shipping Company, Gram Car Carriers, CMA CGM, Hoegh, Wallenius, Hyundai, Fearnley Securities, Jefferies, DNB Markets, SAS Shipping Agencies Services, Wikborg Rein Advokatfirma AS, Capient AS, Advokatfirmaet Thommessen AS, Totem Ocean Trailer Express, U.S. Department of Energy, Evercore, Fried, Frank, Harris, Shriver & Jacobson LLP, K&L Gates LLP, BDT & MSD Partners

Over the past few weeks, Belships ASA (“Belships”) has made numerous headlines for everything from their competitive debt refinancing, activity in S&P markets, newbuild orders, divestments, and solid 1Q results. Companies: Belships ASA, DNB, Nordea, SpareBank 1, Lighthouse Navigation Pte. Ltd, Lighthouse Navigation Management AS

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

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

Navig8 selling to ADNOC for around $1.5 billion. Oaktree offloading $250 million of shares in Torm. Ridgebury and Lomar completely exiting the tanker and container markets, respectively.

Last week, shipping stocks rose again, with an average gain of 3.6 percent. Crude tankers and LPG carriers saw significant increases of over 7%, while the Dry Bulk sector was the only one to experience a slight decline in share prices. Companies:

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

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

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

The shipping industry has had a long and difficult journey changing the perception of institutional investors. Companies: Boston Consulting Group, Navigare Capital , A.P. Moller Maersk, Mitsui & Co, LEMSCO, Stena AB , ProMarine AG , Proman, ABN AMRO , DNV

This month, Klaveness Combination Carriers (“KCC”) is joining the frenzy of bond issuances in Norway for “general and corporate purposes” as well as possibly the refinancing of debt with the help of Nordea, Danske, Pareto, and SEB. Companies: Klaveness Combination Carriers , Nordea, Danske, Pareto, SEB

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.

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

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