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Last week,Epic Gasannounced that it had completed the refinancing of twenty ships in its fleet through the execution of a five-year $201m facility.

Last weekOcean Yield ASAannounced that it had agreed to acquire in a sale-leaseback transaction two 208,000 DWT Newcastlemax dry bulk newbuildings with 13-year bareboat charter to companies owned and guaranteed by2020 Bulkers Ltd.

While time flies, lending activity ebbs and flows. This week Dealogic issued its Marine Finance Rankings Syndicated Loans – First 9 Months 2018. Despite a steep upward revision from ~$25 billion to ~$43 billion in its latest report, nine-month volumes over the three-year period since Q3 2017 show a relative degree of stability (see figure 1).

Struggling with the poor offshore markets, Teekay Offshore Partners (TOO)was forced to restructure on a number of occasions, eventually entering into a partnership withBrookfield Asset Management, who through the injection of $640 million of new equity, the retirement of preferred equity and the restructuring of its debts transformed TOO's capital structure and put it on sound footing.

Teekay Offshore Partners L.P., on Tuesday, announced that it has entered into an agreement to merge with Brookfield Business Partners L.P. Under the terms of the merger agreement, Brookfield will acquire all of the outstanding publicly held common units not already held by it in exchange for $1.55 in cash per common unit. With approximately 110.1 million common units outstanding, the cash outlay will be ~$170.6 million.

Earlier this month,BW Group Limitedsold 7,000,000 common shares inBW LPG Limited, representing approximately 5% of the outstanding shares in a private placement through an accelerated bookbuilding process.

Last week,Diana Shipping Inc.announced the final results of its fifth tender offer in which it agreed to purchase up to 2,816,900 shares (3% of the shares outstanding) at $3.55 per share.

The above title may well be how the over 400 attendees of the 21st Annual Marine Money Greek Ship Finance Forum recall the day. The session referred to as "Captains of the Industry" was a far too brief look back at shipping's last 30 years as viewed by two gentlemen who were not merely participants but shapers of those events.

In what is being viewed as a transformative transaction,International Seaways, Inc. ("INSW") announced on Monday that the company has sold its 49.9% ownership interest in its joint venture withQatar Gas Transport Company Ltd.("Nakilat"), which owns four 2007/2008- built Q-Flex LNG carriers, to its partner for $123 million in cash, which exceeds its book value by $7 million.

Last week, Hafnia Limited signed a $473 million senior secured term loan and revolving credit facility to refinance its existing $360 million facility due in 2023 and a $236 million facility maturing in 2022. The current loans charge interest at three-month LIBOR + 2.25% and 2.6% respectively

Last week, Awilco LNG ASA announced that it had received credit approval for the refinancing of the company's two 2013-built 156,000 cbm TFDE LNG carriers WilForce and WilPride.

These are good times. Tanker rates are up and there is no lack of interest in the tanker sector again as evidenced by the recent rise in share prices. For Navios Acquisition, it seemed to be a perfect time to tap the equity markets, as you can never have enough cash or share liquidity...

The analysts can pat themselves on the back. The bull market is here, but its longevity is uncertain. Clarksons Platou Securities did the math for us: "On Friday, VLCC earnings on the MEG- East route reached $308,000 per day.

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Having been notified that ~1,937,943 shares of its common stock have already been validly tendered,Diana Shipping Inc.announced on Monday that it is extending and increasing its tender offer for its common stock from 1,408,450 shares to 2,816,900 shares, representing 3.0% of the shares currently outstanding, at the same offering price of $3.55 per share.

Tanker company announcesthat it has secured commitment to a $45.9 million secured loan facility fromAlpha Bankat highly attractive terms to finance 88.95% ofits two ECO design, scrubber-fitted 158,000 DWT Suezmax tankers

In its Q2 2019 earnings presentation, Navios Maritime Acquisition Corporation laid out its plans to refinance its Term Loan B during the second half of the year. Due in June 2020, the loan has an outstanding amount due of $198.6 million. The mission was successfully concluded last week.

It all began with the IPO ofDryShipsback in February 2005, when the company sold 13 million shares at $18/share raising gross proceeds of $234 million. On Friday, the company announced the completion of its acquisition by...

Over 470 registered delegates enjoyed prime networking, presentations and debate at the18th Annual Marine Money Week Asiaconference in Singapore with the general theme"Changing Winds and Fortunes."Some highlights from the conference were...

Last week,Global Ship Lease, Inc.("GSL") successfully priced its fully underwritten public offering of its common shares raising gross proceeds of approximately $55.2 million