Re-entry into recovering offshore sector is expected to lead to more deals in 2023
Finance
Biggest shareholder Helge Mogster backs new DOF board’s last-ditch rescue bid
But restructuring proposal is almost identical to debt-swap plan rejected by rebel shareholders
Singapore to require listed shipowners to reveal exact pay of CEOs
SGX to also clampdown on lengthy directorships which ‘inhibit board renewal and progress on board diversity’
Livanos may need to bump up offer to roll up GasLog and GasLog Partners
Take-private offer is low, but market observers disagree on how low and if a competitor could emerge
Marten revenue up, but net income growth lowest in over 2 years
Truckload carrier Marten Transport brought in a lot more revenue in the fourth quarter of 2022 compared to a year earlier but posted a much smaller gain in net income.
Net of fuel, operating revenue at Marten (NASDAQ: MRTN) rose 15.8%, though total operating revenue, which included fuel, climbed 20.9%, to $322.6 million from $266.9 million in the fourth quarter of 2021. Operating income rose to $32.78 million from $30.67 million, and after taxes and other charges last quarter of about $500,000,...
https://www.freightwaves.com/news/marten-revenue-up-but-net-income-growth-lowest-in-over-2-years
‘Alternative’ ship finance matures, but is cut-rate pricing a risk?
Non-traditional sources of finance are becoming a staple of the industry, but are these new players storing up problems for the future?
Banks scrutinise owners’ green credentials before newbuild investments
Cooling of newbuild market has encouraged banks to dig deeper into prospects for retrofitting older ships
Hungry Star Bulk on the hunt for fleets and finance, CFO says
Christos Begleris reveals what will be keeping Greek bulker giant busy in 2023
Is diversity always a good thing? Maybe not if you’re talking about shipping stocks
Streetwise takes a look at the debate between public ‘pure play’ listings and those owners who want their fleets to look more like a diner menu