Articles

The shipping industry frequently poses unique conundrums when it comes to its relationship with public capital markets. Companies: Edda Wind, Wallenius Wilhelmsen, Electric, Nordea

We have noted over the past few issues of Freshly Minted, somewhat of a decline in dealmaking activity. A good argument could be made that this is due to tremendous amounts of geopolitical uncertainty following the U.S. election results and policy shifts like tariffs or USTR port fees. Companies: Scorpio, SFL, Contships

Avance Gas is closing the book on its operations following a string of high-profile fleet sales, and has now confirmed plans to delist from the Oslo Stock Exchange. Companies: Avance Gas, BW LPG , EXMAR LPG,

Shipping equities present an interesting conundrum. When markets are healthy and bullish, equities do not just appreciate, they trade much closer to or at NAV, and sometimes at a slight premium to it. Companies: Berge Bulk , Genco Shipping & Trading, Star Bulk, Sissener Canopus , BW Group , Hafnia, Torm

The beauty of M&A transactions is that there are many strategic reasons to pursue them, whether the market is up or down. Companies: Euroseas, Costamare, Toro, Teekay Shipping, Navios Maritime Partners, Svitzer, A.P. Moller – Maersk, A.P. Moller Holding , EnTrust, Belships ASA , CMB.Tech, Bocimar, Hemen Holdings, Golden Ocean

Spin-offs are often seen by many as a cheaper, faster way to bring new public vehicles to the market without needing an IPO. Companies: Toro Corp, Robin Energy, Seward & Kissel , Goodwin Procter

And while there are many examples of shipping companies choosing to diversify, the pure-play story is not over yet. Companies: Euroseas, Euroholdings, Toro, Robin Energy, Costamare, Morgan Stanley, Cravath, Swaine & Moore, Neptune Maritime Leasing, Costamare Bulkers

The world of shipping has been in pursuit of going greener for years, with many companies investing in energy saving devices, modernizing their vessels and fleets, and future-proofing their newbuild vessels with alternative fuel capabilities. Companies: Danaos, Hapag-Lloyd , Wilson ASA , Econowind, MOL, Bound4Blue, to Louis Dreyfus, Odfjell, NYK

On March 24th and 26th, public hearings were held in regards to the U.S. Trade Representative’s proposed actions to: (1) Impose a significant port fee on Chinese maritime transport operators and operators with current fleets of Chinese-built vessels (including operators with orders for such vessels, and (2) impose requirements for the increased use of U.S. vessels to carry U.S. goods in coastwise and international transport from U.S. ports. Companies: the U.S. Trade Representative, KfW-IPEX , HCOB, NIBC, AVIC Leasing, Asia Pacific Shipping

Building a shipping loan book is not all about writing the largest tickets. While writing that check with extra zeros may be coveted by major lenders trying to “move the needle” on their massive portfolios of shipping loans – it is not so easy to do. Companies: Hamburg Commercial Bank, NIBC, KfW IPEX-Bank, Langh Ship, PaxOcean, Langh Tech, Borchard Lines, Carisbrooke Shipping , Thecla Bodewes Shipyards

The world of shipping finance has changed quite a bit since the start of the new year. Markets like dry bulk and crude tankers, which started the year with weaker earnings, have since seen improving rates. Companies: Contships , Sinosure, Hapag-Lloyd, K-SURE , Algoma Central Corporation, Irving Oil, Hyundai Mipo Shipyard , ING Bank , Stephenson Harwood

New trends are constantly emerging in the ship finance and investment industry. Companies: Teekay Shipping, CMB.Tech, Euronav, Bocimar, Delphis, Bochem, H2 Infra, H2 Industry, Golden Ocean, Hemen Holdings, DNB Markets

Facing disruption is not just shipping, but those that finance the industry. Over the past few years, as we have discussed extensively, the financing landscape has dramatically shifted. Companies: Sumitomo Mitsui Trust Bank , Hayfin

Every year, the Marine Money Deals of the Year Awards shine a spotlight on the transactions that don’t just move capital—they move the industry. Behind every deal is a team of shipowners, bankers, advisors, and lawyers working together to bring bold ideas to life. This issue is our celebration of their success.

Spin-offs are not the only way shipping companies are going public in 2025.

Just last month, Excelerate Energy announced it would be acquiring New Fortress Energy’s Jamaica downstream LNG and power infrastructure assets and business for a tremendous $1.055 billion. Companies: Excelerate Energy, New Fortress Energy, Evercore, Gibson, Dunn & Crutcher LLP, Intrepid Financial Partners , Vinson & Elkins LLP, Venture Global, Barclays, Wells Fargo Bank, Crédit Agricole, DNB Bank, Sumitomo Mitsui Banking Corporation, BNP Paribas, Morgan Stanley, Nordea Bank

The shipping industry is subject to numerous variables around the globe right now like trade wars, geopolitical turmoil, a green transition, amongst many other things. While dealmaking seems to have slowed a bit in response, certain sectors, such as the dry bulk sector, are staying rather active. Companies: , Berge Bulk , Genco Shipping & Trading, CMB.Tech, Hemen Holdings, EnTrust, Belships ASA, NYK Lines, NYK Bulkship Partners Co

Traditional infrastructure assets are attractive investments usually for a few reasons: low volatility, consistent (but lower) returns, and high barriers to entry (like tremendous capital), which significantly decrease risk. Companies: MPC Capital , Eurazeo, Diana, Windward Offshore, Crédit Agricole, NYK Lines, Northern Offshore, DEME, Havfram, Sandbrook Capital, Goldman Sachs , Thommessen,

After a difficult year of sparse lending, 2025’s weaker market has created new opportunities for lenders as shipowners preserve cash and liquidity. Companies: Scorpio, Frontline, Star Bulk, Hapag-Lloyd, Danaos, Rand Logistics, PNC Bank, Saltchuk, OSG, Maritime Partners, AHTC, Lower Lakes Towing, American Industrial Partners, Oaktree Capital, Duration Capital, American Steamship

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