Articles

Last week, AMA Capital Partners announced the addition of Chris Weyers to its team. Mr. Weyers joins the firm as Managing Director from Stifel Financial where for the past ten years he has headed up their maritime and energy infrastructure investment banking business. Companies: AMA Capital Partners, Stifel Financial

We would surmise that running one company for John Fredriksen is more than challenging, but two would likely require a superhero. Clearly, Øystein Kalleklev has proven his worth. Companies: Avance Gas Holding Limited, Flex LNG

The Leasing Deal of the Year – East: CITC Financial Leasing

The IPO Deals of the Year: Gram Car Carriers, Fearnley Securities, Pareto Securities, Clarksons Securities, Nordea Bank, Skandinaviska Enskilda Banken, Swedbank Norge, Kepler Cheuvreux S.A., Cool Company (“CoolCo”), Clarksons Securities, DNB Markets, ABG Sundal Collier, Fearnley Securities, Danske Bank, Nordea

Offshore Deals of the Year – West: Cadeler, DNB Markets, SpareBank 1 Markets, Pareto Securities

This week we received Dealogic’s “Marine Finance Rankings Syndicated Loans – First Quarter 2023,” which left us scratching our head. Bearing in mind this is only a quarter and the first one at that, so making conclusions as to trends is dubious at best. Still, a close look at the data shows certain anomalies. Companies: Dealogic

At the end of last month, Stainless Tankers ASA (“Stainless Tankers”) completed a private placement of 13.4 million new shares, at a subscription price of $5.00, raising gross proceeds of $67 million. Stainless Tankers ASA, Tufton Oceanic, Womar Logistics, Fleet Management, Synergy Marine, Clarksons Securities, Fearnley Securities

As you peruse this issue, Deals of the Year 2022, you’ll see lots of deal lingo and plenty of big numbers, but don’t be fooled; that’s not what it’s all about. The deals documented in these pages are about people and relationships – some of these relationships were formed through the award-winning deal, and many of them stretch back over decades. We are proud that many of those relationships were first formed and strengthened at Marine Money events over the years.

The Public Debt Deal of the Year: Athens Stock Exchange

The Equity Follow-On Deal of the Year: Hafnia Limited, Clarksons Securities, Fearnley Securities, SEB Corporate Finance, Skandinaviska Enskilda Banken

Earlier this month, Veson Nautical, the global leader of maritime freight management solutions today announced its intention to acquire vessel valuation provider VesselsValue, a market-leading company and brand with a proprietary data set and unique modeling capabilities. Companies: Veson Nautical, VesselsValue

Last May, International Seaways, Inc. entered into a shareholder rights plan in the form of a Rights Agreement. That plan was put in place in response to the disclosure by Famatown Finance Limited (“Famatown”), a company controlled by John Fredriksen, a major competitor of International Seaways, that it had acquired approximately 16.19% of the company’s outstanding shares. International Seaways, Inc.,

The Norwegian Bond Deal of the Year: Wallenius Wilhelmsen ASA, Danske Bank, DNB, Nordea, Skandinaviska Enskilda Banken, Swedbank

The Contribution to Ship Finance Award

The Securitization Deal of the Year: Piraeus Bank Christofferson Robb & Company, Alantra, Auld Capital

Last week, Diana Shipping Inc. announced that it signed a new five-year term loan facility with Danish Ship Finance A/S for up to $100 million which is secured by nine vessels. Companies: Diana Shipping Inc., Danish Ship Finance A/S

The Structured Finance Deal of the Year: Korea Development Bank, Export-Import Bank of Korea, Korea Ocean Business Corporation, Korea Asset Management Corporation, KDB Infrastructure Investments Asset Management

Dealmakers of the Year: MPC Container Ships (MPCC), United Maritime Corp. (USEA)

The Equity-Linked Deal of the Year: Scorpio Tankers, B. Dyson Capital Advisors

The Bank Debt Deals of the Year: Nordea, Crédit Agricole CIB, BNP Paribas, DNB, Skandinaviska Enskilda Banken, Danish Ship Finance, ING, National Australia Bank, Höegh Autoliners ASA, DNB, Danske Bank, Nordea, Skandinaviska Enskilda Banken, BNP Paribas, Citi, Crédit Agricole CIB, ING, Sparebanken Vest, Costamare Inc., Bank of America, Credit Suisse, ING, Skandinaviska Enskilda Banken, Sumitomo Mitsui Banking Corporation, Standard Chartered, CTBC Bank, Mega International Commercial Bank, Bank SinoPac, E.Sun Commercial Bank, First Commercial Bank, Taishin International Bank