Articles

Late last month,Global Ship Lease, Inc.announced that it has agreed to acquire the M/VStraussand M/VVerdi, two 2004-built, 6,080 TEU Post-Panamax containerships for a purchase price of ...

In lieu of their traditional highly-structured transactions, Flex LNG'sOystein Kalleklevand his lieutenantHarald Gurvinopted for one-stop shopping in Korea to finance all five of the company's 2020...

Last week,GasLog Ltd.successfully placed NOK 900 million of senior unsecured bonds due in November 2024.The bonds were priced with a coupon of three-months NIBOR + 6.25%, a discount of...

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Pacific Basin $175 million Convertible Bond. When it comes to financing,Pacific Basin Shipping Limitedfollows the KISS principle, an acronym for "keep it simple, stupid" or "keep it stupid simple," a design principle first floated by the U.S. Navy in 1960. The company's approach...

Just after acquiringNOL Linerin 2016,CMA CGMsold eight of NOL's unencumbered containerships toCMB Financial Leasingin a sale-leaseback transaction for...

In the good old days, perhaps not so long ago, no public company or its bankers would consider doing a public transaction of less than a $100 million as the fees and costs made them uneconomical. In today's world, there are fewer...

We continue to capture and add banks to update our Portfolio League Table. The latest, ING, filled a huge gap in our data.

In response to the IMO's strategy for the reduction of greenhouse gas ("GHG") emissions from ships, Ardmore Shipping Corporation got the ball rolling by

A recent article in theWall Street Journal[1]was focused on hedge funds and their failure to deliver returns to their investors.

Back in April, we wrote, in an article entitled "Hijacking or Makeover" of the radical transformation of Seaspan Corporation that began in 2017 with the departure of its founders and senior management, who were primarily shipping people...

Private equity, among others, are exiting their investments. But what's the rush? Although the markets have come down to earth, prospects remain good and, of course, IMO 2020 is on the horizon. Still the smartest guys in the room are sellers. What do they know that we don't...

With a substantial newbuilding shuttle tanker order book, Teekay Offshore continues the process of putting financing in place using multiple instruments

In its Q3 2019 earnings release, Ardmore Shipping Corporation announced that it had agreed to terms with its relationship banks for two new credit facilities totaling...

Earnings season has returned, and companies are putting forth their carefully managed numbers. Before the analysts dig deep into the report, investors give a thumbs up or a thumbs down based upon the headline numbers, earnings per share and revenues, when compared to the average of the analysts' expectations in these two categories, a benchmark which might be more art than science.

In a remarkable span,Ocean Yield ASA, acquired 4 x LR2s, raised NOK 717 million (~$78 million) in equity in a private placement and issued a...

The containership leasing model, with its long-term contracted revenues and resulting cash flows make it an ideal investment vehicle for investors seeking stability and a return on capital in a highly cyclical industry. However, the fixed revenue stream is a double-edged sword...

Convertibles are a beautiful thing. BW Offshore's $300 million convertible bond provided cheap capital with limited dilution for the company, while giving investors a reasonable debt return with the possibility of assuming an equity position in a rising market.

Was it simply a case of cold feet or has the market gotten ahead of itself? The stars have been aligned for months. Analysts, in near unanimity, have declared the implementation of IMO 2020 as the tanker industry's savior...

The main headline from last week'sScorpio Bulkers'("SALT") Q3 2019 earnings report was the company's surprise decision to issue a one-time special stock dividend equal to one million shares of the common stock ofScorpio Tankers("STNG").