Articles

Marine Money’s 25th annual Ship Finance Forum in New York City on November 21 will feature an exciting and animated panel titled: “Finance and Investment Opportunities in the Entrepreneurial Cruise Sector.”

The basic overview of a shipping cycle is a well-known process. Figuring out where you are in it, exactly and in the moment, is a much harder thing to know, especially when the cycle is driven by “non-recurring” or “black swan” events with little to no information to forecast. Companies: Wilson Sons , Gram Car Carriers, Daehan Shipbuilding, Korea Stock Exchange, KB Securities, NH Investment & Securities, Shinyoung Securities, Hengli Heavy Industry , Hong Kong Exchange , Guangdong Songfa Ceramics Co.

There are many reasons that make shipping unique, and we could probably fill hundreds of pages of reasons pertaining to the business and finance world. Companies: Pangaea Logistics Solutions , M.T Maritime Management , Torm/Sinokor, BW/Avance, Quartet Merger Corp

Last night, Watson Farley Williams held their annual cocktail reception in Oslo, but this was not just another year for another party. In celebration of Nigel Thomas’ contributions to the industry.

There has been a lot of buzz around the offshore wind sector, which has seen numerous mergers in the past year such as Cadeler/Eneti, or more recently Cyan/MMA, as well as bountiful investors, and to top it all off competitive and available financing. Companies: Cadeler/Eneti, Cyan/MMA, Macquarie Asset Management, Permira Credit, Nomura Greentech, Kromann Reumert, Permira, Crédit Agricole CIB, Jones Day, Bech-Bruun

The maritime industry is increasingly turning to technology to address challenges around efficiency, decarbonization, and regulatory compliance. Companies: Marine Money, MOL, Stolt

As shipping companies and investors approach new deals vigilantly, those lenders which support them are left waiting with undeployed capital as well. Comapnies: Magellan Group, Danish Ship Finance, Hamburg Commercial Bank , NIBC, DNB, Carnegie Holding AB, Altor

The final quarter of 2024 is set to be a busy one for investment bankers as shipowners move to refi bonds ahead of the dreaded “2025 Wall of Maturities.” Companies: Navigator Gas , DNB, Clarksons (formerly Platou), Fearnleys, Arctic, Crédit Agricole CA CIB, ING Bank N.V., SEB AB, Ocean Yield

Marine Money Week Asia

“Fortress Balance Sheets,” a term coined by JP Morgan’s CEO, Jamie Dimon, have arguably emerged in shipping. The causes are well discussed, stemming from decades-long highs in shipping earnings from events such as the Ever Given being stuck in the Suez, to long queue times in the Panama Canal, and the unfortunate effects of war. Companies: JP Morgan,

Last week, we discussed the various sectors in which M&A is presenting itself more frequently, such as shipyards/shipbuilding, and even between financial institutions. Companies: Poten & Partners, BGC, Sage Environmental Partners, OTC Global Holdings, Jefferies, Braemar, Clarksons, SSY, F3 Offshore, Oliver Wyman, Scorpio, DHT

As we said, the forecast for banks looks fantastic as we blast through the final quarter of 2024—AKA the “Bonus Maker.” Companies: DNB Markets, Avance Gas, BW LPG, Ventura, Petroserv

Last May marked a big milestone for Oaktree Capital Management’s (“Oaktree”) adventures in shipping. Companies: Oaktree Capital Management, Torm Plc, Golden Energy, Star Bulk , Eagle Bulk, Hafnia, Morgan Stanley , Sinokor

Earlier this year, a two-year attempt to go public via a reverse merger was terminated between Delta Corp Holdings (“Delta”) and Coffee Holdings. Companies: Delta Corp Holdings, Coffee Holdings, Kaival Brands, NASDAQ Stock Market LLC, Maxim Group LLC , Sichenzia Ross Ference Carmel LLP , Ellenoff Grossman & Schole LLP

This week seems to be all about competitive refinancings, and trader/shipowner Trafigura is leading the way. Trafigura recently revealed a massive syndicated revolving credit facility and term loan facilities from thirty-eight financial institutions including five new lenders for a total of $3.2 billion. Companies: Trafigura, First Abu Dhabi Bank PJSC (“FAB”), Standard Chartered Bank Singapore

We enjoyed hosting our 26th Marine Money Greek Ship Finance Forum on 15th October 2024 at the Eugenides Foundation. It was a full room with over 300 delegates and speakers with about one quarter travelling in from 23 countries. Company: Navios Maritime Partners L.P.

“Shipping Funds,” or pools of assets deployed with shipping investments in mind, have become much more popular lately, as we have discussed in previous issues of Freshly Minted. Companies: NRP, Pelagic Partners, Stena, Protrans or European Maritime Finance, Alphard Maritime, Oil and Natural Gas Corp, PwC

Being public, like everything in life, involves “pros and cons.” Shipping people are genetically optimistic. Companies: Zim, Navios, Star Bulk

This year thus far has been an extremely active one for bond issuances, especially in Nordic markets. Companies: SFL, Golar, MPC Container Ships ASA, Arctic Securities, Pareto Securities , Clarksons Securities , Fearnley Securities

We keep our methodology as consistent as possible from year to year so that it is possible to create a time series of data, or to just compare one year’s winner to another. Even with this in mind, though, it is important to update the methodologies and improve them over time.