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Preferred stock in the shipping sector

22.07.2021

There has been an increasing trend for private equity investments in the shipping sector to take the form of preferred stock in either publicly listed or private companies, rather than through a more traditional method of establishing a joint venture with an established shipowner. Broadly speaking, preferred stock is stock that has whatever features are determined by the company, although typically the stock offers its holders priority dividend and liquidation rights over common equity holders – often with additional features built-in by the parties.

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IMO has a new plan to reduce shipping’s carbon emissions; will it be enough?

08.07.2021

Global shipping accounts for about 3% of the world’s annual carbon emissions, and pressure is intensifying on the industry to reduce that pollution to contribute to the international goal of net-zero carbon emissions by 2050.

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Capesize Market Bounces Back After Dismal Start to the Week

14.06.2021

The Capesize market leapt up in the latter part of the week, erasing most of the losses since the closing week of May. The Capesize 5TC opened the week with a relatively paltry $20,933, took some moderate losses early in the week to $19,845 before rebounding strongly to close out the week at $27,752. 

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Costamare’s Bond Issue Shows That Financing Can Be Found, but Scale is Ever More Important Today.

08.06.2021

With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so by raising 100 million euros in unsecured bonds through the Athens Stock Exchange.With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so by raising 100 million euros in unsecured bonds through the Athens Stock Exchange.

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Ship Recycling: Are High Prices Off the Table?

02.06.2021

The latest developments in the ship recycling market suggest that the period of high offers presented by yards to ship owners are a thing of the past. 

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Skuld’s IMO 2020 sulphur cap experience.

25.05.2021

More than a year has passed since the International Maritime Organization (IMO) mandate for the 0.50% sulphur cap for marine fuel (MARPOL Annex VI) came into force. The regulation orders ships to only use marine fuels with a sulphur content of no more than 0.50% sulphur.Skuld’s IMO 2020 sulphur cap experience

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