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Finance

Keep informed with daily analysis and insight into shipping’s relationship with financial markets including company results, credit reports and investment decisions

Hanwha agrees to buy Philly Shipyard for $100m

The US Navy welcomed the deal and hinted at the possibility of further investment from South Korean shipbuilders

Risk and Compliance Political Risk and Trade

Heidmar unveils new merger aimed at Nasdaq listing

Heidmar’s pre-merger shareholders will take $300m in shares in the combined entity, with an opportunity to add to this tally if 2024 targets are hit

Tankers and Gas Dry Bulk

Container rate strength revives Asian shipping stocks

Relentless rises in container freight rates have led to a resurgence in investor confidence, which has spilled over into other sectors. Major listed shipping firms in Shanghai, Hong Kong and Seoul have seen sustained rises in their share prices this week

Red Sea Risk Finance

MPC Container Ships buys sub-panamax pair from Germany’s NSH

Oslo-listed containership tonnage provider has bought two 2009-built vessels from Germany’s NSH Northern Shipping Holding in a $47.25m deal

Containers Sale and Purchase

CDB Leasing strikes $600m LNG carrier leaseback deal with Dynagas

Deal includes purchase options enabling Dynagas to buy back the ships when the charters mature

Tankers and Gas Finance

Diana prices $150m bond placement

Dry bulk carrier owner Diana Shipping will use the proceeds to redeem existing $125m bond

Dry Bulk Finance

Secondhand tanker values reach their peak as newbuilding orders ascend

‘Focus has shifted to the high fleet age profile and the realisation that in a few years’ time, there will be plenty of tankers turning 20 years of age,’ says Gibson analyst Svetlana Lobaciova

Tankers and Gas Sale and Purchase

Seoul boosts domestic yards with $10.8bn in new refund guarantees

Important South Korean banks have resumed support for mid-sized shipyards for the first time in 11 years, having suffered heavy losses during the previous industry downturn

Tankers and Gas Shipbuilding
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Shipping stocks suffer ‘brutal’ pullback in June after long bull run

Shipowner shares have been hit this month by weaker VLCCs rates, expectations for lower interest rates, and speculation on an Israel-Hamas ceasefire and eventual reopening of the Red Sea

Containers Finance

Ship finance: Debt margins drop as owners slash leverage

It does not make sense to have both high spot exposure and high financial leverage in a highly cyclical business like shipping. Owners of bulk commodity ships have finally gravitated to a low-leverage model that affords more sustainable break-evens on a through-cycle basis

Mid-Year outlook Finance

South Korea announces shipping aid for exporters amid Red Sea fallout

South Korea’s government said it would give financial and shipping aid to its exporters amid rising ocean freight rates

Red Sea Risk Containers
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