Articles

Over the past year, lending margins have seen pressure build from various areas. Companies: International Seaways, Korea Trade Insurance Corporation, Dorian LPG, Citibank, Nordea

Over the past year, bank financing margins have reached lower and lower floors. While for the most part, that momentum has stalled with most facilities comfortably settling around 150 basis points, at this past Marine Money Hamburg, we even heard some comments believing that spreads could drop below 100 basis points! Companies: K-SURE, International Seaway, Navigator Gas, d’Amico International Shipping , d’Amico Tankers,

The VLCC market is experiencing a bull run with earnings and asset values not seen since 2008. Companies: Sinokor, Capital Tankers, Bruton, Okeanis Eco Tankers , Hunter Group ASA

With COVID-era bankruptcies fading into the rearview mirror for the offshore sector, deal making activity is picking back up as companies look to capitalize on a recovering market. Companies: Tidewater, Wilson Sons Ultratug Participações S.A. , Atlantic Offshore Services S.A. , International Trade Organization, The International Energy Agency, BNDES, Banco Do Brasil , Piper Sandler & Co. , Skadden, Arps, Slate, Meaghan & Flom, Machado, Meyer, Sendacz e Opice Advogados ,

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

For the past several years, shipowners, lenders and investors have faced the same existential conundrum. Companies: Nippon Yusen Kaisha Group, Westfal-Larsen Group, Saga Welco AS , Saga Shipholding, Masterbulk, Mitsui O.S.K Lines , Gearbulk, G2 Ocean , S&P Global, Intermodal Research, Global Wind Energy Council , Stolt-Nielsen, Stolt-Nielsen Gas Ltd, HFW, Avenir LNG limited, Golar LNG, Höegh LNG, DNB, Wallenius Lines, United European Car Carriers , Kawasaki Kisen Kaisha, K Line, JERA, Toyota Tsusho Corporation, Fearnley Securities, World Shipping Council , DNV

A standout trend in the year thus far has been the re-emergence of equity capital markets. Companies: Pelagic Partners , Pelagic Capital, Clarksons Securities, Fearnley Securities, Marevia Holding I Co., Marevia Holding II Co. , Marevia III Co., BCN Two Pte, Bertling Group, Pelagic Wind, Hartmann Group , SFL Corp., Ocean Yield

This past week we received Dealogic’s “Marine Financing Rankings Syndicated Loans” report on the full year of 2025, the charts for which can be found within.

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

This past week, Performance Shipping entered into a sale and leaseback agreement with an undisclosed and unaffiliated lessor for an LR1 newbuilding vessel under construction at Jiangsu New Yangzi Shipbuilding Co., scheduled for delivery in early 2027. Companies: Performance Shipping, Jiangsu New Yangzi Shipbuilding Co., d’Amico International Shipping , Mercuria Energy Trading

Continuing some of those trends described in the prior discussion with bank debt seeing increasingly lower margins, Navigator Gas this week entered a pre- and post-delivery financing agreement with a consortium of banks. Companies: Navigator Gas , ABN AMRO, Crédit Agricole, Nordea Bank , Jiangnan Shipyard Co. and China Shipbuilding Trading Co.,

Recently, most high-profile bond deals have been offered in Nordic markets. Marinakis’ Capital Clean Energy Corporation (CCEC), however, chose to raise their latest bond offering from the Greek markets. Compan: Capital Clean Energy Corporation

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.

Building on the equity capital markets success in the Nordic markets, Norwegian LNG Shipping company, Awilco LNG ASA has recently secured new equity through a private placement. Companies: Awilco LNG ASA , Fearnley Securities , Wikborg Rein , ALNG Trading, CDB Financial Leasing

While bond issuances have become a staple of shipping finance throughout the last few years, few have used them more than Ocean Yield. Companies: Ocean Yield, Arctic Securities, Danske Bank, DNB Carnegie, SEB, BAHR, Kohlberg Kravis Roberts , CapeOmega Gas

Shipping investors have been waiting since the end of 2024 for a crude sector bull-run, one that many were hoping would come in early 2025 that never really materialized. Those that held on or even bet harder on this market (like Sinokor who has rapidly acquired VLCC tonnage from all over the market), are finally being rewarded as crude tanker rates break new ceilings. Companies: Sinokor, Clarksons Research, Okeanis Eco Tankers, Bruton Limited, Capital Maritime & Trading Corporation , Capital Tankers, Fearnley Securities, Pareto Securities , Clarksons Securities, SpareBank 1 Markets , Thommessen AS , Watson Farley & Williams , Simonsen Vogt Wiig

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