Articles

On March 7th, Tidewater Inc. (NYSE: TDW) announced a definitive agreement to purchase 37 of Solstad Offshore ASA’s platform supply vessels for $577 million.

In a landmark transaction, Maritime Partners has been awarded the prestigious Securitization Deal of The Year Award, a testament to the first capital markets asset-backed securities (ABS) issuance backed entirely by inland marine vessels.

When it comes to the Marine Money Deal of the Year Awards, the vessel leasing category is always fiercely competitive.

This year’s Public Debt award is given to Stena International S.A. for its offering of senior secured notes due 2028 with a coupon of 7.25 percent. Book runners were Citi, J.P. Morgan, BNP Paribas, and Nordea.

To be a leading shipping player, an ESG trajectory is not only preferable but essential in our industry today, as ESG achievements are more and more tied in to financial covenants and pricing.

Among M&A transactions in the shipping industry, take-private acquisitions have gained significant traction.

With so many submissions for different facets of this highly transformative deal, we thought it best to award all of them as the wild card for a deal which saw the conclusion of a multi-year standoff.

Headquartered in Copenhagen and listed on the NYSE and Oslo Stock Exchange, Cadeler A/S is a world-leading provider of services to the offshore wind industry, specializing in the transportation and installation of wind turbines and their foundations.

Faced with certain debt maturities coming due by year-end, looking to simplify its debt structure through a consolidation into a larger facility, and focused on decoupling its main secured debt facilities from its unsecured debt maturities in 2026, long-established and NYSE-listed offshore support vessel company SEACOR Marine Holdings Inc. considered its options early in 2023.

The most successful private shipowners are known for pivoting when they see opportunity, but changing the strategy and brand of a public company is next to impossible.

With valuations hovering stubbornly below net asset value, it’s been almost impossible for new dry bulk owners to reach the U.S. public equity markets in recent years, but Himalaya made it happen in 2023.

Asia is large, and maritime transactions are prevalent throughout. Expert knowledge of new jurisdictions and building client relationships in new countries is all part of the job.

Our DOTY 2024 Offshore East is awarded to Yinson Production which raised its first corporate loan following the reorganization and decentralization of Yinson Group in 2023, and showcases Yinson Production’s ability to attract financing along the entire capital structure, utilizing Yinson Production’s balance sheet.

Wow! Talk about a corporate turnaround. DOF, which is a leading provider of integrated subsea project and marine services to the global offshore energy markets, faced multiple challenges when Covid-19 hit.

In a groundbreaking stride within the Nordic shipping industry, Stainless Tankers ASA has emerged as a beacon of a company on a mission to capture a powerful upcycle in the chemical tanker markets via its homogenous fleet of nine J19 stainless steel chemical tankers.

Maritime Infrastructure, such as seaports, are a critical element of global shipping. Not surprisingly, there has been a clear trend of traditional shipping players like shipowners, charterers, investors, and financial advisors leveraging their knowledge and relationships into this adjacent industry.

As the industry moves toward decarbonization, the frequency of sustainability-linked debt facilities has increased, each with its own merits and good intentions.

In a significant move reflecting the vibrancy of the Jones Act Market, Centerline Logistics has taken a bold step to secure its future within the nation’s burgeoning maritime infrastructure and offshore energy sector.

Cruise and Yacht Finance” as a new category for Marine Money’s Deal of the Year Awards.

The high-yield bond market proved to be an essential partner to the offshore drilling space in 2023. In a sector in which banks have been reluctant and private lenders can’t offer enough size, the bond market has stepped in and provided important assistance to a market in recovery.