Articles

This is not an award for a single transaction, but instead acknowledges the brilliant execution of a strategy. Back in November 2018, Atlas Corp. (then Seaspan Corporation) laid out its plans for the future of the company in its Investor Day presentation.

To Be, Or Not to Be…a consolidated industrial, publicly traded shipping company?

A year ago, we celebrated pioneering offshore wind transactions by OHT (Private Placement and Merkur listing) and Cadeler (Oslo Bors IPO) as our Offshore Deals of the Year for 2020. As firsts of their kind, we noted that they broke the ice for future capital raising in the sector, not only for their roles in educating the investor community on the rapidly growing sector, but also for the blueprint they provided for a successful offering.

Last January, Odfjell SE successfully completed a new sustainability-linked four-year senior unsecured bond issue of NOK 850 million (~$100 million).

Digitalisation has the potential to transform the efficiency of ship operations but is being held back by a lack of industry insight into software solutions.

Representing the first time that a ship finance platform was sold in the secondary market, KKR’s acquisition of Ocean Yield in November 2021 was brilliant in its efficiency.

How does one finance a massive containership order? The simple answer is by picking as many pockets as possible, no matter how challenging.

One of the greatest challenges in putting together the Awards Issue is picking the winner in the bank debt category. Bank loans are a commodity and virtually interchangeable with the terms – tenor, pricing, LTV and amortization – varying largely according to credit risk.

Some strategic acquisitions can be inspirational, and Hafnia’s acquisition of Chemical Tankers Inc. is one of them. This mutually beneficial transaction is a case study in how leveraging the expertise, assets and capital of two adjacent businesses can increase service offerings to existing customers, expand the client base, and create value for owners and other stakeholders.

Flex LNG balance sheet optimization adds debt to lower costs and free cash.

It is not an overstatement to state that Gary Wolfe is the Father of Shipping and the Capital Markets.

ABN AMRO has been a stalwart lender to the shipping sector since 2003 and has established itself as a tier-one lender for those shipowners and container lessors in North America.

In a year when the term sustainable financing not only picked up significance, but also garnered legitimate award worthy transactions, it has been difficult to choose just one.

Mergers are always difficult to execute in commodity shipping. There are social issues, control issues, trust issues, confidentiality issues, my-ships-are-better-than-your-ships issues, issues associated with market volatility, investor reluctance, board misgivings, compensation issues, pride in operations issues, and issues around post-transaction staff and management redundancy.

Recent weeks have been full of sound bites which we highlight below.

No one likes it when a CEO or CFO whines about their stock price. Certainly not investors or the media. You can threaten to take the company private, but you can only use the nuclear option once as there is little or no likelihood of return.

Established in 1896 and a pioneer of offshore loading (Shuttle) tankers since the 1980s, the Knutsen Group is no newcomer to ship finance.

Having a bent toward complexity and finding solutions for all parties, Berenberg clearly wants to make this category its own.

Eneti announced commitments for a $175 million green loan.

Safe Bulkers Inc. will become the third Greek shipping company to launch a public offering in Greece of its unsecured bonds. The company expects to issue up to €100 million of unsecured bonds which will be admitted to trading on the Regulated Market of the Athens Exchange.