Articles

In a triumph for the German shipowning community, Hamburg’s hometown hero, Hapag-Lloyd, has emerged as the winner in the competitive battle to acquire Israeli container shipping company ZIM Integrated Shipping Services. Companies: Hapag-Lloyd, ZIM Integrated Shipping Services, Evercore, Barclays, Meitar Law, Hapag-Lloyd, Cravath, Swain & Moore, Skadden, Arps, Slate, Meagher & Flom, Hengler Mueller, Bank Leumi, Bank of America, White & Case, New York Stock Exchange, Citi, Goldman Sachs, Barclays, FIMI, New ZIM

One prominent example of M&A’s expansion beyond core shipping sectors has been in the U.S. and Jones Act markets. Companies: Maritime Partners, Centerline Logistics, West Gulf Marine, Saltchuk, Overseas Shipholding Group, Totem Ocean Trailer Express, Great Lakes Dredge & Dock Corporation, Equinor, Orsted, Guggenheim, Sidley Austin LLP, Fried, Frank, Harris, Shriver & Jacobsen, Vigor Marine Group, Titan Acquisition Holdings, Stellex, Carlyle , Lone Star Funds, Antin Infrastructure Partners, Hanwha, Hyundai Heavy Industries, JP Morgan , Macquarie Capital , Latham & Watkins LLP, Milbank LLP, Kirkland & Ellis LLP, Valaris, Transocean , Borr Drilling , Hogan Lovells, Homburger, Appleby Limited, Skadden, Arps, Slate, Meagher & Flom LLP, Lenz & Staehlin, Conyers Dill & Pearman

Despite headwinds in raising equity in shipping, Tor Olav Trøim's Bruton Limited has repeatedly tapped shareholders for substantial capital in the VLCC pure-play venture. Companies: Andes Tankers II, Magni Partners, New Times Shipyard, Hapag-Lloyd , Clarksons Securities, Arctic Securities, DNB Carnegie, Fearnley Securities, Pareto Securities, Koch Shipping Drew Holdings

Shipowners continually assess a broad mix of debt and equity instruments to finance vessels and corporate growth. Hybrid securities—which blend characteristics of both—have historically been rare in shipping. Companies: Ocean Yield, Color Group, B. Dyson Securities, Scorpio Tankers , Eagle Bulk, Star Bulk, CSSC Shipping, China State Shipbuilding Corporation

The Alaska LNG Project began as a state-led initiative in 2017, when Alaska Gasline Development Corporation (“AGDC”) initially filed its application for federal permits. Companies: Alaska LNG Project , Alaska Gasline Development Corporation (“AGDC”) , Glenfarne, Tokyo Gas, Japan’s Energy for a New Era (“JERA”), Petroleum Authority of Thailand (“PTT”), Pohang Iron, Steel Company (“POSCO”) , Baker Hughes, Sealion Capital Advisers, Danaos, Glenfarne Alaska Partners LLC

In recent years, there has been a tremendous renewal in attention on the United States maritime industries. Rhetoric coming from Washington has focused on everything from port infrastructure, shipbuilding, and shipyards, the international U.S.-flagged fleet, the domestic Jones Act fleet, and just about everything in between. Company: TOTE Services

You don’t have to own ships to enjoy some maritime M&A. Building upon our commitment to this important and accelerating topic, Marine Money Hamburg will feature another fascinating angle: Maritime Services M&A Overview.

As we discussed last week, alternative investment platforms, including those focused on maritime industries, have become increasingly debt and credit oriented, whether it be direct lending strategies/private credit or even leasing. Companies: MPC Capital, MPC Container Ships, Storm Capital Management, MPC Storm Maritime Opportunities, Klaveness, Portline, Uthalden, NRP Maritime Asset Management

Private equity is often revered as the investment vehicle that propelled many of Wall Street’s biggest names to scale and “mega-cap” status—mythical firms such as Blackstone, KKR, Apollo, and Carlyle. Companies: Blackstone, KKR, Apollo, Carlyle, CVC Capital Partners, Marathon Asset Management, CIT, First Citizens Bank, S&P Global, Preqin

This year has appeared to start with tremendous holiday optimism. Companies: Sinokor, Gibson Shipbrokers, Clarksons Research

From CVC’s acquisition of Marathon Asset Management to MPC Capital and Storm Capital forming a new shipping equity fund to the emergence of Axel Aas and Christian Svensson’s Maritime Yield Company, the new year has already seen some exciting action in the shipping investment fund space. Companies: Marathon Asset Management, MPC Capital, Storm Capital, Maritime Yield Company, Pelagic Partners, Eurazeo, Elbe Financial Services, Euronext Growth Oslo exchange, Elbe Financial Solutions, Longship Group B.V., European Investment Fund

It’s not hard to understand how the combination of a great car, a deeply experienced team, and a skillful driver will, over time, claim a disproportionate share of wins in Formula 1. Companies: DNB Carnegie, Carnegie, TORM, Scorpio Tankers, International Seaways

Peter Georgiopoulos has had a busy couple of weeks with a flurry of strategic moves across his maritime platforms. Companies: Jefferies, General Purpose Acquisition Corp , United Overseas Trading, United Overseas Group, Norvic, Norvic Shipping Europe, Norvic Shipping Middle East, Norvic Shipping Ventures

Though equity capital markets remain an important aspect of the shipping industry, its role in financing has been relatively limited compared to the past. Companies: Okeanis Eco Tankers, Fearnley Securities , Clarksons Securities , Daehan Shipbuilding, Pareto Securities, National Bank of Greece, Alpha Bank

While markets swing and vessel resale values with them, the reality is that ships are wasting assets with finite useful lives in most dominant trades. Companies: Intermodal Research , Frontline, Hemen Holdings, DNB Carnegie , Hengli Shipyard , Dalian Shipyard , Euronav, Precious Shipping, Jiangsu Yangzi-Mitsui Shipbuilding, Taizhou Sanfu Ship Engineering , KfW IPEX-Bank, Bank SinoPac

Back in the olden days, when people still worked in offices and only stared at their phones when dialing a number, shipping M&A was different. Company: Evercore

Maritime shipping discussions frequently feature one conundrum: How can shipping attract long-term or institutional capital? Companies: Munich Re Group, MEAG, Fred. Olsen Windcarrier ,

Public shipping markets saw limited IPO activity in 2025, with the notable exception of Asyad Shipping on the Muscat Stock Exchange. Companies: Asyad Shipping, Muscat Stock Exchange, Euroseas, Toro Corp., Costamare, Kongsberg, Kongsberg Maritime ASA , Euronext Oslo Børs, Arctic Securities , Thommessen AS

Following last week’s discussion of the first tap issue in 2026, completed by Greek owner Performance Shipping, now a second shipping tap issue of a Nordic Bond in 2026 has been completed by Contships, also marking the second time they have tapped their outstanding notes. Companies: Performance Shipping, Contships, SFL, Scorpio, Navigator Gas, Odfjell, Arctic Securities

Nordic bond issues have been one of the hottest markets over the last half-decade. Companies: Contships, Navios South American Logistics, Performance Shipping, Clarksons, Pareto Securities , BAHR, Alpha Bank ,