Articles

The past few weeks have been full of new debt deals, the majority of which have been from internationally recognized shipping companies, and large-scale shipping finance institutions. Companies: ESL Shipping, Aspo Plc , China Merchants Jinling Shipyard., Nordic Investment Bank, Svenska Skeppshypotek

Whether it is in Oslo or New York, new public companies in shipping are becoming rarer. At least in the sense of a truly new public vehicle that was previously private (not including spin-offs for example). Companies: Solstad Group , Solstad Maritime , Aker, AMSC, Solstad Offshore, Euronext Oslo Bors

Last week, we covered how in the absence of larger international clients, Chinese lessor’s clients seem to be shifting in a similar way to that of some shipping banks. Companies: Trafigura, Bank of Communications Financial Leasing , Mantagas, Okeanis Eco Tankers, CMB Financial Leasing, Navigator Gas, International Seaways, Ocean Yield, Crédit Agricole CIB, BNP Paribas, Den Norske Bank Capital LLC, Skandinaviska Enskilda Banken AB, Nordea

Just as shipping is volatile, financing markets are too, as 2025 has demonstrated. The beginning of the year was relatively stable for debt markets. Companies: Hapag-Lloyd, Carisbrooke Shipping, Langh Ship, Scorpio, SFL, Contships, Navigator Gas, Nordea Bank, Danish Ship Finance, Danske Bank, DNB, ING Bank, SEB

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

Over the past few years of shipping’s “Golden Age,” it has been difficult, though not impossible, to make deals stand out. One such exemplary transaction was executed by Frontline, which completed a deal in late 2023, that ended a takeover battle for Euronav with CMB. Companies: Frontline, Euronav, CMB, Hemen Holdings, ING, First Citizens, Crédit Agricole SEB, Jefferies

It is another week and another round of refinancings have been announced through various vectors. As we progress through the first half of 2025, the strategic trends presenting themselves are emblematic of those discussions held nearly one year ago at Marine Money Week, as companies have gone from pre-paying their debt. Companies: BW LPG , Neptune, Ocean Yield, EnTrust, Hayfin, Flex LNG

During 2024, many shipowners found it difficult to acquire new tonnage. Newbuilding prices were elevated, capacity was limited, and as rates sustained higher levels so did asset values in the S&P market. Companies: Pyxis Tankers,

In maritime intelligence, where vessel positions and weather data can command the movements of global commodities and geopolitical decisions alike, a quiet arms race is underway. Companies: S&P Global, ORBCOMM, Kpler, Spire Maritime

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

Dividend distributions, investments into the company, or share buybacks? The debate over how best to allocate capital continues once again this week, as various companies reveal new repurchasing plans, distribute special dividends, and/or recapitalize their business, all while seeking to deliver value to their shareholders. Company: Dynagas LNG Partners

It has been over a month since we saw a headline bond deal from shipping, when Navigator Gas continued the tap-issue spree in March. In a small, niche industry like shipping that experiences such cyclicality, it normally would not be unusual for certain categories of deals to see extended periods of inactivity. Companies: Navigator Gas , Odfjell SE , Arctic Securities, DNB Carnegie , Danske Bank, SEB, bound4blue

On April 17th, the U.S. Trade Representative published a notice implementing its port fee proposal, which created tremendous uncertainty amongst shipping participants. Companies: U.S. Trade Representative, Customs and Border Protection, AVIC Leasing, Asia Pacific Shipping, Fujian Highton, with Xiamen Xiangyu Financial Leasing, Seacon Shipping, Baltic Shipping, Shenzhen Financial Leasing, Hamburg Commercial Bank, NIBC, KfW-IPEX

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

If you have ever had the pleasure of meeting Captain Alok Kumar, you have likely noticed the unmistakable twinkle in his eye when he talks shipping. It is no surprise, then, that he named his company Alphard, after the brightest star in the Hydra constellation. Companies: Alphard, Neptune Maritime Leasing,

As we progress through the second quarter of the year, many companies continue to release their first quarter results and investor presentations. Companies: Genco Shipping & Trading , Capital Clean Energy Carriers, Robin Energy, Okeanis Eco Tankers , Watson Farley & Williams

When private equity wants to exit an investment, they typically have a few options. Companies: Apollo Global, HitecVision, Hav Energy, DNB Markets, Knutsen LNG, Energos, New Fortress Energy, Offshore Merchant Partners, EnTrust

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