“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes,” American statesman Benjamin Franklin famously wrote in 1789. Companies: Bloomberg, American Petroleum Institute, Cato Institute, American Maritime Partnership, American Waterways Operators, Overseas Shipholding Group

More than twenty years ago, over a long lunch at the long-gone and much-loved Sushiden, ship finance guru
Peter Evensen told me about a dream he had. I had forgotten about it until this week. Companies: JP Morgan, Fearnley Securities, Castor Maritime, Suisse-Atlantique Group, European Maritime Finance, Daehan Shipbuilding, YieldStreet, Okeanis, CrowdStreet, Fundrise, EquityMultiple, Shipfinex, ADI Chain,

Offshore drilling coverage is far from a weekly occurrence in this newsletter, but Borr Drilling Ltd.’s July 29 acquisition of five jack-up rigs from Fontis Finance Ltd. is a useful reminder that the same financing tools we track in shipping — non-recourse seller credit, joint-venture structures, opportunistic timing — travel just fine into adjacent asset-heavy sectors. Companies: Borr Drilling Ltd., Fontis Finance Ltd., BC Ventures Ltd., Proyectos Globales de Energía y Servicios, Friede & Goldman, LeTourneau, Valaris Ltd., Transocean Ltd.), Noble Corp., ADES Holding Co. Ltd., Paratus Energy Services, SeaMex, Seadrill, Archer, Seagems, Petrobras, Pemex