Articles

In a year marked by fervent debates over the future of the energy market, Energos Infrastructure emerged as a beacon of innovation and progress.

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For the past decade, the global shipping industry has grown accustomed to using Chinese leasing as a source of finance for major transactions, many times involving deal sizes which were outside the comfort zone of the commercial banks.

The largest private equity capital raise of 1Q23 in Europe belonged to none other than the 2021-established Neptune Maritime Leasing Ltd and has won our 2023 Private Equity Deal of the Year.

This past week, Floatel International Ltd., announced the issuance of new senior secured bonds for total proceeds of $350 million. DNB Markets and Pareto Securities were mandated as joint bookrunners. Companies: Floatel International Ltd., DNB Markets, Pareto Securities

The misalignment of cost of capital cycles and shipping cycles has been an issue plaguing publicly listed shipping companies for ages.

George Weltman has been a fixture almost since the start of Marine Money. First as a reader who would thoughtfully and helpfully note errors or missed subtleties, and later as a deal person and knowledge resource on the industry, particularly the container business and, finally, as a dear and valued member of the Marine Money team, where he always brought value, insights, and integrity to our efforts.

The awarding of the Jones Act M&A Award to the industry pioneering joint venture between Morgan Stanley Infrastructure Partners (MSIP) and Crowley, a leader in maritime and logistics solutions in the U.S., signifies a monumental stride towards achieving the Biden administration's ambitious clean energy goals.

Private placements are an attractive but seldom used source of ship finance. It’s a market in which borrowers and their advisors can use creativity to create bespoke credit solutions rather than simply squeezing the deal into an “off the rack” bank loan

Maritime M&A has been robust in recent years as cash-rich shipowners pursue growth without ordering newbuildings. Companies: MOL Chemical Tankers, Mitsui O.S.K. Lines, Fairfield Chemical Carriers, Nordic Tankers, MUFG, Morgan Stanley

In the ever-evolving landscape of the global energy sector, Höegh LNG has marked a significant achievement that stands as a testament to its strategic foresight and financial acumen.

There has been talk about consolidation in shipping forever. It has occurred to a degree in other sectors, but very rarely in dry bulk.

In recognition of outstanding achievement in international commerce and finance, we proudly present the Export Credit Deal of the Year award to Purus.

The growth of offshore wind has been obstructed by many hurdles, but capital formation continues for the development of new projects or renewal of existing ones. Among the leading companies in the sector, raising capital has seemed to occur most frequently through private placement, at least when seeking new equity investment. Companies: Odfjell Oceanwind, Mitsui O.S.K Lines, Kansai Electric Power Company, Enova, Source Galileo Norge, DNB Markets

With the volume of ultra-low-cost European commercial bank declining, and owners seeking diversification from Chinese leasing, more Western owners are raising ship finance in Japan. Companies: FPG AIM, Fearnley Securities, Maritime Asset Partners, DNB Markets, Sumitomo Mitsui Trust Bank, Crédit Agricole Corporate & Investment Bank, Sea Bridge Finance, AMA Capital Partners, ABL Corporation, Dorian LPG

Every deal is different, but they have common elements: teams of professionals working together, and overcoming challenges, to accomplish a goal while achieving the best possible outcome.

Cadeler and Eneti are key suppliers within the offshore wind industry for installation services and marine and engineering operations. Cadeler has impressively grown its fleet organically since its IPO in 2020 (from 2 vessels to 6, including newbuilds).

South Korean shipping and logistics company HMM Co., Ltd. (“HMM”) placed an order for twelve 13,000 TEU LNG-ready containerships to be delivered across 2024.

Thanks to strong markets in all the main sectors, shipping companies have generated a lot of free cash flow in recent years and now find themselves in a new paradigm of capital allocation. In a rare moment in the history of shipping, owners find themselves both highly liquid and the beneficiaries of strong free cash flow, a reflection of the strong current markets.

In Dealogic’s Marine Finance Rankings Syndicated Loans – Full Year 2023, we saw an increase over 2022, in syndicated marine finance loans as well as global shipping loans. This disrupts a downward trend which has continued since 2018/2019.