Articles

As we have discussed over the past month, Union Maritime has emerged as one of the largest proponents of commercial wind propulsion for shipping, placing large-scale orders for wind-assisted tankers and building out a lease financing platform to support retrofits. Companies: Union Maritime , Shanghai Waigaoqiao Shipbuilding, BAR Technologies, Norsepower, SeaBreeze, Piraeus Bank , Société Générale , Société Générale

Though vessel earnings have softened materially, shipowners remain cash rich, lightly levered and on the hunt for attractive investment opportunities – which are rare. Public equities are one of the few areas where owners see value. Companies: Diana Shipping, Berge Bulk , Genco Shipping & Trading , George Economou , as Scorpio, DHT

Two weeks ago, we covered Tidewater’s recent complete refinancing, in which the company issued $650 million in Senior Unsecured Notes due 2030 to completely refinance all of its outstanding indebtedness through a private placement. Companies: Tidewater, DNB, DNB Markets , Deutsche Bank, J.P. Morgan, Arab Banking Corporation, Santander, Citibank, First Financial Bank, SpareBank 1, Texas Capital, Hornbeck Offshore, Standard & Poor

We have discussed a few offshore financing deals recently reflecting a broader shift in capital markets for the offshore sector. Companies: Foresight Group , Abu Dhabi Commercial Bank , Oil & Gas Corporation of India

There are a lot of advantages that come with being public, as we have discussed numerous times before—but also many challenges. Companies: Scorpio, DHT, Berge Bulk, Genco, Strategic Shipping, Pangaea, Teekay, Ardmore, Caravel Group, Pacific Basin, Euroholdings

Countries’ national interests are heavily intertwined with shipping, not only from the perspective of protecting industries but also supporting trade. Companies: Korean Export Credit Agency , Algoma Central Corporation, Hyundai Mipo Shipyard , ING, Trafigura, Crédit Agricole , Barclays Bank PLC, Oversea-Chinese Banking Corporation Limited, Hanjin Shipping , Korea Ocean Business Corporation

It is common knowledge that the adage “It’s not about timing the market, but about time in the market” does not hold true in the ship-owning business.

Shipping and its related industries are capital intensive. Ships, whether they are second-hand or newbuilds, can often cost into the hundreds of millions. Companies: Carnival Cruise Lines, Yinson Production, Petrobras, Citigroup, J.P. Morgan, HSBC, ING, Santander, Standard Chartered Bank, Bladex, MUFG, Natixis, Ramirez & Co., Inc, Société Générale , Norton Rose Fulbright, Clifford Chance

A strategic M&A transaction can create value in numerous ways: creating synergies, leveraging discounted valuations, greater scaling efficiency, faster market penetration, and can completely transform a company strategically. Companies: Maritime Partners , Centerline Logistics, Macquarie Capital, Silverbox Capital, Saltchuk, OSG, TOTE, American Tanker Holdings Company, DP World, P&O Maritime Logistics, NovaAlgoma Cement Carriers

June is always a busy month for the ship finance community. In addition to events like Marine Money Week and, alternately, Nor Shipping and Posidonia, there is a push to get deals closed and funded before summer vacation. Companies: Union Maritime, Shanghai Waigaoqiao Shipbuilding, BAR Technologies, Norsepower, Piraeus Bank, Performance Shipping, Alpha Bank A.E., Golden Ocean, CMB.Tech

VLGC MARKETS MAY COME UNDER PRESSURE
GLOBAL SHIPPING STOCKS BENEFIT FROM SECTOR ROTATION

There are many parties involved in a shipping deal: lenders, lessors, investment bankers, lawyers, brokers, and more. Companies: Fearnley Securities , OCY, DNB Markets, Gibson Shipbrokers, RMK Marine, EA Gibson Capital, Clarksons, Platou, Braemar , NAVES Corporate Finance, SSY, Carnegie, Fearnleys, Poten Capital

US LPG EXPORTS REMAIN SUBDUED
LPG SECTOR ADVANCES OVER SIX PERCENT

It’s been approximately three months since the declaration (and subsequent pausing) of sweeping tariffs by the Trump administration. Companies: Contships, Navios South American Logistics, Performance Shipping, Arctic Securities, Fearnley Securities, SEB, S. Goldman Advisors, Alpha Bank, Clarksons, Pareto Securities, BAHR

Amidst the busy and bustling conference rooms of Marine Money Week, the team at Okeanis Eco Tankers were also getting deals done. Companies: Okeanis Eco Tankers, CMB Financial Leasing, E.SUN Commercial Bank

CAPESIZE RECOVERY REMAINS FRAGILE AMID TARIFF HEADWINDS
GLOBAL SHIPPING STOCKS SHOW MIXED PERFORMANCE

While sources have shifted frequently, the story of financing over the past year and a half or more has been one of elevated asset values, strong balance sheets, and shipowners prepaying or refinancing existing debt. Companies: Maritime Strategies, International, Genco Shipping & Trading, Nordea, DNB, SEB, ING, CTBC, First Citizens , Hafnia, OCBC, Standard Chartered, BNP Paribas, DBS, IYO, Société Générale, UOB, E.SUN Commercial, Taishin International Bank

CRUDE OIL PRODUCTION FORECAST TO RISE
CRUDE TANKER SECTOR WITH HIGHEST WEEKLY GAIN

Shipping is not the only sector pursuing new financing deals. Companies: Tidewater, J.P. Morgan, DNB, Deutsche Bank, Citi, Santander, TX Capital, Blay, SpareBank 1, Clarksons, Fearnleys

For Marine Money’s 37th Marine Money Week, and Marine Money’s 40th anniversary, over 900 delegates joined us in the wet and rainy New York City from June 16th through June 18th at the Pierre Hotel, alongside our Partner, Jefferies, as well as Capital Sponsor, EnTrust Global.