James Lightbourn 7/1/24 James Lightbourn 7/1/24

Marine Money 2024 Highlight

Marine Money hosts an incredible three-day event in NYC every summer. A highlight for me was seeing how sophisticated market participants can view the same landscape and arrive at completely different outlooks and corresponding capital allocation decisions.

James Lightbourn 6/10/24 James Lightbourn 6/10/24

ADNOC Group Acquires Navig8 Group

Navig8 has achieved one of the largest cash sales of a tanker business (eclipsing even Songa Shipholding's sale to Camillo Eitzen for $1.3 billion in 2006) while ADNOC gains a best-in-class commercial management company with a proven leadership team.

James Lightbourn 6/5/24 James Lightbourn 6/5/24

Jones Act M&A Activity: Saltchuk Takes Over Overseas Shipholding Group

Saltchuk's takeover of Overseas Shipholding Group, announced last week, continues the recent wave of M&A activity in the Jones Act tanker sector—the top three Jones Act tanker owners have changed less than 12 months.

James Lightbourn 6/3/24 James Lightbourn 6/3/24

“Alternative” Ship Finance Landscape Growth

The "alternative" ship finance landscape has matured considerably over the past five years. One example of the landscape's shifting dynamics: the change in the nature of the deals that are getting done.

James Lightbourn 5/13/24 James Lightbourn 5/13/24

Valuation differential: U.S.-built vs. Internationally-built MR Tankers

$2 billion: that's the valuation differential between the U.S.-built Jones Act MR tankers and similar internationally-built MR tankers.

James Lightbourn 5/10/24 James Lightbourn 5/10/24

Saltchuk Bids on Overseas Shipholding Group

Saltchuk, owner of 22% of Overseas Shipholding Group's shares, made an unsolicited bid on January 29 to acquire the remaining 78% of OSG shares at $6.25 per share.

James Lightbourn 4/25/24 James Lightbourn 4/25/24

Temporary Pier in Gaza

On March 8, the US announced it would build a temporary pier in Gaza to assist in delivering humanitarian aid.

James Lightbourn 4/24/24 James Lightbourn 4/24/24

Bullish Capesize Market

With booming sale-and-purchase activity and future rates trading well above the current spot rate, the bullish sentiment of the Capesize market is hard to ignore.

James Lightbourn 4/24/24 James Lightbourn 4/24/24

The Most Volatile Commodity

Mirror, mirror on the wall, who's the most volatile commodity of them all?

James Lightbourn 4/17/24 James Lightbourn 4/17/24

Hanwha Acquires Austal

Hanwha Ocean's USD 662 million offer to acquire acquire Austal is a positive signal for US shipyard valuations and interest in the sector.

James Lightbourn 4/8/24 James Lightbourn 4/8/24

Building vs. Purchasing Jones Act Suezmax Tanker

Jones Act tanker vessels aren’t sold often—especially on a charter-free basis—so it’s worth looking at the numbers behind Overseas Shipholding Group's recent purchase and planned reactivation of the 2004-built + Jones Act qualified Suezmax tanker called the Alaskan Frontier.