Marine Money Magazine Announces Ship Finance Deals of the Year
STAMFORD, Conn., April 17, 2020 – Despite challenging conditions in ocean shipping, offshore and the capital markets, Marine Money evaluated an extraordinary number of outstanding transactions for its 2019 Deals of the Year, now published in their entirety in its Q12020 Marine Money magazine Awards issue.
Due to COVID-19, the awards have been celebrated in a phased roll-out this year, through a series of five groups of 2019’s award-winning transactions, as curated by Marine Money editor-in-chief George Weltman
Deals of the Year winners for 2019 were awarded for: Bank Debt, Export Credit Agency West and East, Institutional Debt, Public Debt, Private Placement Debt, Norwegian Bond, Equity-Linked, Equity Follow-On, Equity Private Placement, M&A, Leasing West and East, Project Finance, Offshore Project Finance, Structured Finance, Innovation, Offshore Innovation, Green Finance and five different Editor’s Choice winners – in a total of 18 categories there were 25 individual transaction related deal winners and three more individual award winners, two Dealmakers of the Year awards, honoring Flex LNG’s Øystein M. Kalleklev & Harald Gurvin and Stolt-Nielsen’s Jens F. Grüner-Hegge & Julian Villar and the Contribution to Ship Finance award to Citi’s Michael Parker. In total there were 153 cited shipping companies, banks, finance houses and law firms honored for participating in the winning deals.
For more info on the full list of award winners you will find the full list on our website at www.marinemoney.com and attached.
The important takeaway from the 2019 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.
2019 seems a long time ago in the current environment, however at Marine Money we have reflected on the winning transactions and have come to the salutary conclusion that it is precisely the transactional talent, the execution skill and the bold commercial visions that each of these deals embodies, that will carry our industry forward in strength when the current crisis is behind us.
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 2019, it is precisely those talents that will ensure that the international shipping industry will continue to service global trade, no matter its shape, once the world escapes the shadow of the dreadful COVID-19.”