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