Cerberus becomes top dog in German ship finance

The New York-based hedge fund is named after a three-headed mythical canine, and this year it was on the hunt, making a joint bid with Centrebridge for German lender Nord/LB.

This VLCC is cooking with gas

Never mind its US sanctions troubles, Cosco Shipping Energy Transportation placed an order for the world's first very large tanker to be fuelled by LNG.

John Fredriksen swoops on trader's fleet

Norwegian tanker owner's Frontline throws down $675m in shares and cash to buy 10 modern suezmaxes from Trafigura, with options to acquire four more.

Rasmus Bach Nielsen, Trafigura's global head of wet freight. Photo: Jane Russell/LISW

Trafigura does it again

Trading giant sells leasehold interests in 19 product tankers for $803m in cash and shares. Rasmus Bach Nielsen, Trafigura's global head of wet freight, says the company sees more upside in holding shares.

A $1.65bn marriage with a Diamond

Capital Product Partners and Diamond S Shipping's merger creates the world's third-largest public product tanker owner and fifth-largest public tanker company by dwt.

Sinokor's aframax haul

South Korean shipowner Sinokor Merchant Marine signs up to a slew of LNG-fuelled aframax tanker newbuildings worth around $620m at Samsung Heavy Industries in South Korea. The deals are backed by time charters with energy major Shell.

BW Group in Epic gas deal

BW Group takes over Epic Gas in the latest installment in a spate of merger-and-­acquisition deals sanctioned by shipowner Andreas Sohmen-Pao.

Arne Fredly Photo: Nor-Shipping

Arne Fredly cashes in on asset play

Norwegian investor's Hunter Group pockets highest price in five year for a resale VLCC in deal with South Korean shipowner.

Qatar seeks heap of LNG carrier newbuildings

State-controlled Qatar Petroleum issues tender to renew and expand the gas producing country's fleet.

Seaspan diversifies into asset manager

Previously pure-play containership owner buys mobile power solutions firm in $750m transaction that transforms New York-listed outfit.