Articles

There are many reasons that make shipping unique, and we could probably fill hundreds of pages of reasons pertaining to the business and finance world. Companies: Pangaea Logistics Solutions , M.T Maritime Management , Torm/Sinokor, BW/Avance, Quartet Merger Corp

Last night, Watson Farley Williams held their annual cocktail reception in Oslo, but this was not just another year for another party. In celebration of Nigel Thomas’ contributions to the industry.

There has been a lot of buzz around the offshore wind sector, which has seen numerous mergers in the past year such as Cadeler/Eneti, or more recently Cyan/MMA, as well as bountiful investors, and to top it all off competitive and available financing. Companies: Cadeler/Eneti, Cyan/MMA, Macquarie Asset Management, Permira Credit, Nomura Greentech, Kromann Reumert, Permira, Crédit Agricole CIB, Jones Day, Bech-Bruun

We keep our methodology as consistent as possible from year to year so that it is possible to create a time series of data, or to just compare one year’s winner to another. Even with this in mind, though, it is important to update the methodologies and improve them over time.

There are numerous ways to gain exposure to shipping risk and each of them has “pros and cons.” You can invest in public shipping stocks, betting on the direction of the company’s sector and fleet employment. Companies: Hunter Group ASA, DNB Markets, Fearnley Securities

The final quarter of 2024 is set to be a busy one for investment bankers as shipowners move to refi bonds ahead of the dreaded “2025 Wall of Maturities.” Companies: Navigator Gas , DNB, Clarksons (formerly Platou), Fearnleys, Arctic, Crédit Agricole CA CIB, ING Bank N.V., SEB AB, Ocean Yield

Marine Money Week Asia

“Fortress Balance Sheets,” a term coined by JP Morgan’s CEO, Jamie Dimon, have arguably emerged in shipping. The causes are well discussed, stemming from decades-long highs in shipping earnings from events such as the Ever Given being stuck in the Suez, to long queue times in the Panama Canal, and the unfortunate effects of war. Companies: JP Morgan,

Over the course of 30+ years, there have certainly been entire years of financial performance that the industry would prefer to forget, and there have been years when individual sectors might wish to do the same.

Banks and financial institutions located in the UAE and broader Middle Eastern region boast all the qualities of a good shipping bank, and maybe even more in some areas. Massive balance sheets, competitive terms, what more is there? Companies: Trafigura, Abu Dhabi Exports Office , First Abu Dhabi Bank, Natixis CIB , ADNOC L&S, Navig8, Arab Maritime Petroleum, Gulf International Bank , Foresight Drilling, Foresight Group, Abu Dhabi Commercial Bank, Alantra, Allianz Middle East Ship Management LLC, SHUAA Capital PSC, Euroseas, National Bank of Fujairah, Poseidon Principles

Last May marked a big milestone for Oaktree Capital Management’s (“Oaktree”) adventures in shipping. Companies: Oaktree Capital Management, Torm Plc, Golden Energy, Star Bulk , Eagle Bulk, Hafnia, Morgan Stanley , Sinokor

Earlier this year, a two-year attempt to go public via a reverse merger was terminated between Delta Corp Holdings (“Delta”) and Coffee Holdings. Companies: Delta Corp Holdings, Coffee Holdings, Kaival Brands, NASDAQ Stock Market LLC, Maxim Group LLC , Sichenzia Ross Ference Carmel LLP , Ellenoff Grossman & Schole LLP

This week seems to be all about competitive refinancings, and trader/shipowner Trafigura is leading the way. Trafigura recently revealed a massive syndicated revolving credit facility and term loan facilities from thirty-eight financial institutions including five new lenders for a total of $3.2 billion. Companies: Trafigura, First Abu Dhabi Bank PJSC (“FAB”), Standard Chartered Bank Singapore

In April of 2024 the Fifth Circuit decision in Curtin2 shed light on what type of vessel modifications involving foreign made equipment can be done to a coastwise qualified vessel without causing the vessel to be deemed rebuilt foreign and thereby lose its coastwise endorsement.

There is no free ride for shipowners because different markets present different challenges. When the markets are lousy, the challenge is to have the courage to expand by making attractively priced acquisitions. Companies: International Seaways, Diamond S, Star Bulk, Eagle Bulk, Torm, Avance/BW, Pangaea/MTM, Pangaea Logistic, M.T. Maritime Management, DNB Markets, Seward & Kissel

Being public, like everything in life, involves “pros and cons.” Shipping people are genetically optimistic. Companies: Zim, Navios, Star Bulk

This year thus far has been an extremely active one for bond issuances, especially in Nordic markets. Companies: SFL, Golar, MPC Container Ships ASA, Arctic Securities, Pareto Securities , Clarksons Securities , Fearnley Securities

ASIA IS DROWNING IN PROPANE, SHIPPING STOCKS BENEFIT FROM CHINESE STIMULUS

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HIGH PRICES FOR OLD TANKERS and
A WILD RIDE