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Shipping investment and ship finance have gone through several powerful phases that serve to reshape the market. In the 1990s it was high yield bonds. Companies: Adnoc L&S, Navig8, Magellan Group, Danish Ship Finance, STAR Capital and Ackermans & van Haaren, V.Group , Advent international, Veson, VesselsValue, Braemar , Southport Maritime

Capital formation isn’t the only form of dealmaking in the offshore sector. Last week, Noble Corporation announced their acquisition of Diamond Offshore, utilizing a share plus cash consideration. Companies: Noble Corporation, Diamond Offshore, Morgan Stanley & Co. LLC, Wells Fargo , SB1 Markets, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Guggenheim Securities, LLC , TPH&Co., Perella Weinberg Partners, Kirkland & Ellis LLP, Moreld, Ocean Installer , HitecVision, McIntyre Partners , Velocity Partners

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!

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

On the greener side of offshore, North Star Shipping announced that it has secured approximately $450 million in debt investment to accelerate their ambition to become a leading player in Europe’s offshore wind sector. Companies: North Star Shipping, IFM Investors, ABN AMRO, AIB, NAB, Royal Bank of Scotland, RBC

As we noted in our analysis of “Take Private” transactions, it is getting more difficult to find companies that are “cheap” based on valuation alone. That is why recent transactions, like an MSC-affiliate buying Gram Carriers and Saltchuk buying OSG, are more focused on achieving strategic goals and less on capturing a quick discount. Companies: Abu Dhabi National Oil Company Logistics & Services , Navig8, Dorian LPG , Jefferies LLC, SEB, Oaktree, TORM, ZIM, Citigroup, Kenon Holdings, BW Group, Navigator Gas, DNB Markets, Ultranav

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

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

Lomar Shipping has a knack for making money in shipping. Part of the Libra Group, Lomar has not only been “monetizing” during this upcycle but growing aspects of their diversified fleet of bulkers, tankers and container vessels too. Companies: Libra Group, Macquarie Group

Last year, in our 2Q23 “Credit Issue”, George Weltman, our previous Editor in Chief, noted that amongst the institutions experiencing portfolio growth was largely Chinese Lessors, such as BOCOMMFL, CITICL, CMBFL, and SPDFL, “reflecting their importance as capital providers.” He also noted that in the year 2023 we might expect the numbers to tell a different story… Why?

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.

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.

There is just no other way to put it: dealmaking in the Offshore market is feeling hot, hot, hot! From bond issuance to loans to M&A to equity investment, the sector is ripping.

After several slow years, the pace of maritime mergers and acquisitions has become a hot spot of capital market activity. Companies: Abu Dhabi National Oil Company Logistics & Services, Navig8, Evercore, Saltchuk, Overseas Shipholding Group , Totem Ocean Trailer Express, EnTrust Global Blue Ocean Funds, Offshore Merchant Partners

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

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