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Gas and specifically LNG investments in shipping have often been amongst the few shipping sectors to still attract longer-term outside capital. Companies: Höegh LNG , Morgan Stanley Infrastructure Partners, Golar LNG , NFE, Basalt Infrastructure, Apollo, Hav Energy, Ocean Yield, France LNG , KKR, CapeOmega , Hanwha, Venture Global, DNV Maritime, Clarksons Data, Department of Energy , EIA, Trafigura, Korea Gas Corporation , Cheniere, Gunvor , Macquarie Group , AMIGO LNG, Epcilon LNG , LNG Alliance

While Torm and others turn to bank debt to refinance their capital structures, the leasing market has hardly come to a standstill, whether it be private lease strategies, Chinese leases, or Japanese Operating Leases with Call Options (“JOLCOs”). Companies: Ocean Network Express, Nihon Shipyard Co, Imabari Shipbuilding Co, K-SURE, Sinosure, Japan Bank for International Cooperation, Nippon Export and Investment Insurance , BNP Paribas , HSBC, Citibank , Financial Partners Group, Watson Farley Williams, Norton Rose Fulbright

This summer, in an unassuming corner of the European venture ecosystem, the Belgian startup Tilla raised €2 million in seed funding. Companies: Tilla, Motion Ventures, Exmar, Voyager Portal, Sedna, Dataloy Systems AS, Veson Nautical, OrbitMI, AuQub Intelligence, NAPA, StormGeo, Thetius, Digital Ship

Recently, 2020Bulkers announced that they have entered into hedging transactions for two Newcastlemax bulk carriers for the period from August 1st to December 31st using the Future Freight Markets to effectively secure a fixed-rate hire of approximately $33,700 gross per day. Company: 2020Bulkers

It is common knowledge that the adage “It’s not about timing the market, but about time in the market” does not hold true in the ship-owning business.

When we think of shipping finance, most would think of capital flowing into mainstream asset classes like tankers, bulkers, and containerships.

Recent news has been dominated by a flood of earnings reports. Some companies are selling ships, others are buying, or sometimes doing both to renew their fleet. Companies: Star Bulk, ABN AMRO, National Bank of Greece, Genco, Hafnia

It is hard to believe it was only four months ago that the Trump administration’s sweeping “reciprocal tariffs” shocked markets worldwide—leading to the eventual decision by the White House to delay and negotiate until August 1st. Companies:

As we have discussed over the past month, Union Maritime has emerged as one of the largest proponents of commercial wind propulsion for shipping, placing large-scale orders for wind-assisted tankers and building out a lease financing platform to support retrofits. Companies: Union Maritime , Shanghai Waigaoqiao Shipbuilding, BAR Technologies, Norsepower, SeaBreeze, Piraeus Bank , Société Générale , Société Générale

There are many parties involved in a shipping deal: lenders, lessors, investment bankers, lawyers, brokers, and more. Companies: Fearnley Securities , OCY, DNB Markets, Gibson Shipbrokers, RMK Marine, EA Gibson Capital, Clarksons, Platou, Braemar , NAVES Corporate Finance, SSY, Carnegie, Fearnleys, Poten Capital

Earlier in the year, at Marine Money Hamburg, sentiment around ship lending was a bit of a mixed signal. Companies: Torm, Danske Bank, Nordea Bank, Kromann Reumert,

Shipping has faced a tumultuous year in shipping policy. While much of the politics has focused more broadly on the general economy and trade (like tariffs), some have specifically targeted the maritime sector, like the proposed USTR fees on Chinese owned/operated vessels, the result of which has been much more uncertainty surrounding Chinese leasing transactions. Companies: Sallaum Lines , FuJian MaWei ShipBuilding , CMHI Jinling, Mitsui O.S.K. Lines, Shenzhen Capital Group Co.

While newbuild financing may provide a new vector for capital deployment, refinancing transactions like Costamare’s are still proving a reliable source of deal flow. Companies: Hamburg Commercial Bank , LEMSCO, Stena AB , ProMarine AG, ABN AMRO, DNV, Proman

Countries’ national interests are heavily intertwined with shipping, not only from the perspective of protecting industries but also supporting trade. Companies: Korean Export Credit Agency , Algoma Central Corporation, Hyundai Mipo Shipyard , ING, Trafigura, Crédit Agricole , Barclays Bank PLC, Oversea-Chinese Banking Corporation Limited, Hanjin Shipping , Korea Ocean Business Corporation

While sources have shifted frequently, the story of financing over the past year and a half or more has been one of elevated asset values, strong balance sheets, and shipowners prepaying or refinancing existing debt. Companies: Maritime Strategies, International, Genco Shipping & Trading, Nordea, DNB, SEB, ING, CTBC, First Citizens , Hafnia, OCBC, Standard Chartered, BNP Paribas, DBS, IYO, Société Générale, UOB, E.SUN Commercial, Taishin International Bank

Many private equity funds have moved in and out of the shipping markets opportunistically, but a few funds have distinguished themselves through long-term commitment to our industry. Companies: Oaktree, Kohlberg Kravis & Roberts, Chembulk Tankers, Borealis/Australis, Embarcadero Maritime, U.N. Ro-Ro, Nord LB, Maritime Finance Company, Ocean Yield, CapeOmega, Partners Group, Knutsen, Shell, Engle, QatarEnergy, Geogas, France LNG Shipping

This week, we received Dealogic’s “Marine Finance Rankings Syndicated Loans—Second Quarter 2025,” providing some insight into the current ship lending markets and quantifying some of our observed trends. Companies: Bank of America Securities, DNB Carnegie, Crédit Agricole, Nordea, BNP Paribas

Whether it is freight markets or financing, much of the shipping industry’s cyclicality is driven by some form of catalyst—events that cause larger than usual deviations from the normal. Companies: DHT, HD Hyundai Samho, Hanwha Ocean, ING Bank, Nordea, K-SURE, Jefferies, MSC, Costamare

Though vessel earnings have softened materially, shipowners remain cash rich, lightly levered and on the hunt for attractive investment opportunities – which are rare. Public equities are one of the few areas where owners see value. Companies: Diana Shipping, Berge Bulk , Genco Shipping & Trading , George Economou , as Scorpio, DHT

Two weeks ago, we covered Tidewater’s recent complete refinancing, in which the company issued $650 million in Senior Unsecured Notes due 2030 to completely refinance all of its outstanding indebtedness through a private placement. Companies: Tidewater, DNB, DNB Markets , Deutsche Bank, J.P. Morgan, Arab Banking Corporation, Santander, Citibank, First Financial Bank, SpareBank 1, Texas Capital, Hornbeck Offshore, Standard & Poor