STAMFORD, Conn., April 16, 2019 /PRNewswire/ -- Despite challenging conditions in both the ocean shipping and the capital markets, Marine Money evaluated an extraordinary number of outstanding transactions for its 2019 Deal of the Year Awards issue.
Syndicated lending declined again. Shipping bond volumes in Norway declined. Private equity interest in the sector continued to decline along with the value of their investments. Still known issuers were able to tap the institutional debt market. For the right deal equity could be found in Oslo. Alternative investment funds provided capital to less well capitalized companies. In terms of scale, Chinese leasing came to the rescue.
The important takeaway from the 2018 Deal of the Year winners, is that no matter what market conditions exist, the ability of shipowners to source capital is inestimable and the avenues in which to find it broad.
George Weltman, Editor in Chief, commented, "Executing mutually acceptable ship finance transactions in challenging market conditions requires creativity, hard work and collaboration among lenders, borrowers and investors - qualities that the global ship finance industry has long been famous for, and which were showcased in Deals completed during 2018, when it was much harder work. Scouring the globe for capital, competing fiercely for it, living to fight another day…shipowners and their financiers are the heroes of the Award issue."
Marine Money recognizes the best in Global Ship Finance award winners this year, including:
Korea Development Bank
For a complete chart of the winners, please contact Molly Pribor at firstname.lastname@example.org.
Winners will be acknowledged at Marine Money Week, at the Pierre Hotel, June 17, 18 & 19, 2019.
For Further Information please contact:
Cell: 1 845 721 0802
SOURCE Marine Money International