Articles

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.

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.

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.

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.

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.

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.

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.

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.