Monday, February 22, 2021
lng carrier

GasLog to Go Private in Merger Deal with BlackRock

Greece-based LNG shipping company GasLog (NYSE: GLOG) has entered into an agreement to merge with a unit of the world’s largest asset management firm BlackRock, resulting in the NYSE-listed company...

February 22, 2021
Total Views: 2029

Thursday, July 27, 2017

Brookfield to Acquire 60% Stake in Teekay Offshore

Canadian investment firm Brookfield Business Partners announced plans to acquire 60% of Teekay Offshore Partners, a leading global provider of marine services and solutions focused on production and logistics to...

July 27, 2017
Total Views: 7

Sunday, August 28, 2016
hurtigruten cruise ship MS Finnmarken

Hurtigruten Attracts Private Equity

Norwegian cruise operator Hurtigruten ASA has attracted interest from buyout firms EQT Partners AB, Bain Capital and TPG, according to people familiar with the situation. The company’s owner, TDR Capital,...

August 28, 2016
Total Views: 25

Thursday, February 25, 2016
Maritime News

Private Equity Turning Its Back on Shipping

By Nicholas Brautlecht (Bloomberg) — Private equity is turning its back on shipping after a glut of funding over the last five years contributed to overcapacity in the industry, according...

February 25, 2016
Total Views: 45

Tuesday, March 3, 2015
Maritime News

Shipping Industry Faces Shake Up as Private Equity Unwinds Bets

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry.

March 3, 2015
Total Views: 0

Wednesday, August 13, 2014
Maritime News

Venari Raises Additional $1.3 Billion to Bolster Deepwater Gulf of Mexico Inventory

Gulf of Mexico-focused deepwater exploration and production company Venari Resources says it has raised an additional $1.3 billion in equity commitments bringing the total raised to $2.4 billion less than two and a half years of the company was formed.

August 13, 2014
Total Views: 4

Friday, May 9, 2014

Private Equity May Destroy the Shipping Sector

The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.

May 9, 2014
Total Views: 2

Thursday, May 1, 2014
wall street finance new york stock exchange
Maritime News

Life Imitates Art as Wall Street Bets on Shipping Debt

The fictional Robert Fairchild is one of the hottest names on Wall Street.

May 1, 2014
Total Views: 4

Tuesday, February 18, 2014
Maritime News

Apollo-Rickmers JV Buys Six Used Containerships

A joint venture between Hamburg-based Rickmers Group and the private equity firm Apollo has purchased six used vessels from container shipper Hamburg Süd for $176 million, the companies announced Tuesday.

February 18, 2014
Total Views: 7

cargo ship shipping container maritime

Private-Equity Funds Bet $5 Billion on Shipping Rebound

Private-equity and hedge funds are accumulating shipping debt at the fastest pace since they began buying the risky loans from banks two years ago, raising prospects of the firms eventually owning the vessels.

February 18, 2014
Total Views: 44

Tuesday, February 4, 2014
wilbur ross
Maritime News

Wilbur Ross-Backed Diamond S Shipping Files For IPO

The Greenwich, Connecticut-based company owns and operates medium-ranged tankers to transport refined petroleum and other products.

February 4, 2014
Total Views: 2

Wednesday, December 4, 2013

Star Bulk Carriers Corp. – A Case Study on Private Equity Groups (Part II)

Last week I had the opportunity to do a case study on Navigator Holdings Ltd., and how WL Ross & Co. recapitalized the privately held shipping company prior to its successful IPO. This week I will look at a different strategy:

December 4, 2013
Total Views: 113

Tuesday, July 2, 2013
STX Pan Ocean Vanguard

Asia’s Shipping Industry Downturn Draws Private Equity Interest

U.S. private equity and investment funds are betting Asia's shipping industry, hit by a restructuring wave that has already swept Europe and the United States, is the best spot to ride a recovery from the industry's worst downturn in three decades.

July 2, 2013
Total Views: 5