Articles

The recent transaction history within the shipping industry has featured more “take-privates” than it has IPOs, and even with impressive share price gains across every sector within the past five years of the COVID-era super cycle, follow-on offerings too have been few and far between. Companies: Diana Shipping, B. Dyson Capital Advisors, Genco Shipping & Trading

There has been a lot of thematic discussion this year about how to deploy capital. If you are a lender, we have noted how niche asset classes may present ways to grow a shipping loan book. Companies: Macquarie, First Citizens, Signet Maritime, Maritime Partners, Centerline Logistics, J. Russell Flowers, West Gulf Marine, Brown Gibbons Lang & Company , Hanwha, Kirby Corp, Canal Barge, Bochi Investments , Diversified Marine, Marquette Transportation , Donjon Marine, Tallvine Partners, Moran Towing, Bisso Towboat,

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Shipping M&A has been relatively subdued in 2025 compared to previous years, but is still rather active when looked at on a greater scale. Companies: CoolCo , Eastern Pacific Shipping, ZIM, Golar LNG , Gram Car Carriers, Evercore, Latham & Watkins , Crédit Agricole , Skadden, Arps, Slate, Meagher & Flom , Clarksons Research,

If the recent legacy of large-scale institutional capital (such as private equity firms) investing into shipping markets is one of short-term union, then there is no better contrast to these firms than family businesses. Companies: Altera Infrastructure, Teekay Offshore, Brookfield, Altera Shuttle Tankers, Angelicoussis Group, Maersk Tankers , A.P. Moller Holdings, Penfield Marine, Saltchuk, Overseas Shipholding Group , MSC, Gram Car Carriers , Fairfield Maxwell, Fairfield Chemical Tankers , MOL, Louis Dreyfus Armateurs, InfraVia Capital Partners.

As we mentioned last week, Danaos has now become the latest to tap the bond market for its latest capital raising efforts, consolidating multiple tranches of debt on its balance sheet into one, and well ahead of time. Companies: Danaos, Golar LNG, from BNP Paribas/Crédit Agricole

Another example of the above peer-investment trend is been Scorpio Tankers, which made headlines in the third quarter of 2024 when it took an approximately 4.90% stake in peer tanker company, DHT. Companies: Scorpio Tankers,, DHT,

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LNG has been a hot topic for discussion this year, whether through various bilateral trade deals, or strategic investments involving both new and old companies in the shipping sector. Companies: Wärtsilä, DHT, International Seaways’ , MSC, Hapag-Lloyd , DNV, MAN Energy Solutions, S&P Global , TOTE Maritime, Galveston Port LNG Project, Pilot LNG, Seapath Group, Libra Group

The story over the past decade and a half in shipping loan portfolios has been more about retraction of traditional lenders than it has been new entrants. Company: Macquarie

The list of bond issuances keeps growing, and along with it the number of noteworthy accomplishments. Companies: Danaos, Stolt-Nielsen, Danske Bank, DNB Carnegie, Fearnley Securities, Nordea, Odfjell

Shipping bonds have been a hot topic in shipping finance over the past few years. The Nordic market has been particularly active, and has continued throughout the year to deliver massive investor appetite and competitive pricing for shipping notes. Companies: Golar LNG , Citi, DNB Carnegie, Goldman Sachs, ABN AMRO, Clarksons Securities, Fearnley Securities, Pareto Securities, Yinson Production, KKR, Ocean Yield, Venture Global

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It is no secret that take-private transactions, and M&A in general, have been one of our hottest topics over the past few years. Companies: OSG, Gram Car Carriers , MSC, Zim, Ocean Network Express

No one can stay away from the Nordic bond markets this year. Between first-time issuers and stand-out margins, the deck is stacked with accomplishments, and adding to them is now International Seaways with an extremely strong inaugural issuance. Companies: International Seaways , DNB Carnegie, Nordea, Arctic Securities, SEB, Crédit Agricole, Clarksons Securities, Fearnley Securities , K-SURE, SFL, Ocean Yield

The offshore services sector comeback has seen a few big developments this year surrounding capital raising efforts and investment, such as Tidewater’s landmark $650 million notes offering and $250 million credit facility. Companies: Compagnie Maritime Monégasque , Petrobas. DOF, DNB Markets , Capital Offshore, United Offshore Support, Hayfin Capital Management , New York Stock Exchange, Transocean, Citigroup, Morgan Stanley, DNB Carnegie, Goldman Sachs, Wells Fargo Securities, SpareBank 1 Markets

Shipping investment has seen an interesting twist. Throughout the year, particularly in earlier months, M&A wasn’t particularly bountiful. Companies: EnTrust, Belships ASA, ZIM, CoolCo, Ofer’s Eastern Pacific Shipping, Ocean Yield’, CapeOmega , Hafnia, Torm, Oaktree, Diana Shipping, Genco, National Bank of Greece, Golden Ocean, CMB.Tech

One of the dominant themes in the maritime industry this year is the increased attention on U.S. shipbuilding, and shipping industries. Companies: Hanwha , Philly Shipyard , HD Hyundai, HD Hyundai Mipo, Cerberus, Huntington Ingalls Industries

Recently, many of the new public listings in shipping have been spin-offs as IPOs and have struggled to gain a lot of traction in recent years – at least in those markets like the U.S. and Norway. Companies: Asyad Shipping, Bruton Limited, Andes Tankers II , Magni Partners, 2020 Bulkers, Himalaya Shipping, Ardmore

Recently we have observed a wave of transactions in the gas sector, more specifically numerous new M&A transactions all involving pools of capital like private equity. Companies: Altera Infrastructure, Brookfield, Angelicoussis Group , Carlyle, Akin, Kirkland & Ellis , Apollo, Hav Energy, KKR/Ocean Yield , CapeOmega, Energos