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Norway Practice Bulletin 2021 | Conyers


Market Update
Welcome to Conyers’ 2021 Norway Practice Bulletin. Our annual publication underscores the importance of the Norwegian market to our Bermuda corporate practice.
The 12 months since our last issue have been very different, to say the least, and something of a roller-coaster with second and third waves of Covid-19.
In general, 2020 was an especially difficult year for raising capital in the shipping sector. Across the segments total raised capital dropped 52% on 2019, according to Norwegian investment bank Fearnley Securities.
Nonetheless, Oslo-listed Bermuda companies in the shipping and offshore energy sectors completed some offerings, including:
Stolt-Nielsen’s US$180.5 million bond offering in June 2020 ....

Karoline Tauschke , Daniel Jones , Angela Atherden , Atlantic Ocean , Robert Alexander , Amber Wilson , Andrew Barnes , Aleisha Hollis , Hailey Edwards , Guy Cooper , Torstein Hagen , Jennifer Panchaud , Poli Tankers Group Guy Cooper , Fortress Energy Inc , Capital Link Maritime Forum , Team Tankers Regional Ltd , Hygo Energy Transition Ltd , Danske Bank Guy Cooper , Financial Leasing Co Ltd , Cruises Ltd , Bermuda Supreme Court , Frontline Ltd , Stolt Tankers Limited Guy Cooper , Holdings Ltd , Seadrill Limited Chapter , Restructuringa Bermuda Company ,

Capital Product Partners grows fleet with Panamax trio


Capital Product Partners grows fleet with Panamax trio
February 1, 2021,
by
Naida Hakirevic
Greece-based shipowner Capital Product Partners L.P. (CPLP) has decided to acquire three 5,100 TEU sister container vessels from Capital Maritime & Trading Corp.
The vessels, M/V Seattle Express, M/V Long Beach Express and M/V Fos Express, were all built at Hanjin Heavy Industries shipyard in South Korea in 2008.
They are employed under five-year charters to Hapag-Lloyd at a gross charter rate of $12,300 per day and will be delivered to CPLP with their special surveys passed and fitted with ballast water treatment and alternative maritime power (AMP) systems. ....

South Korea , Ch Ungch Ong Namdo , Jerry Kalogiratos , Capital Maritime Trading Corp , Hanjin Heavy Industries , Financial Leasing Co Ltd , Capital Maritime , Chief Executive Officer , General Partner , Seller Credit , தெற்கு கொரியா , மூலதனம் கடல் வர்த்தக கார்ப் , ஹன்ஜின் கனமான தொழில்கள் , நிதி குத்தகை இணை லிமிடெட் , மூலதனம் கடல் , தலைமை நிர்வாகி அதிகாரி , ஜநரல் கூட்டாளர் , விற்பனையாளர் கடன் ,

Capital Product Partners L.P. Announces Fourth Quarter 2020 Financial Results, the Acquisition ...


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Capital Product Partners L.P. Announces Fourth Quarter 2020 Financial Results, the Acquisition .
Capital Product Partners L.P.January 29, 2021 GMT
ATHENS, Greece, Jan. 29, 2021 (GLOBE NEWSWIRE) Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the fourth quarter ended December 31, 2020.
Highlights
 
$7.3 million
$0.38
 
Agreed to acquire three 5,100 TEU container vessels with five year employment for a total consideration of $40.5 million.
Operating Surplus1 and Operating Surplus after the quarterly allocation to the capital reserve for the fourth quarter of 2020 was $20.7 million and $11.4 million respectively. ....

New York , United States , Marshall Islands , United Kingdom , Jerry Kalogiratos , Nicolas Bornozis , Hamburg Commercial Bank , Shriver Jacobson , Board Of Directors The Committee , Financial Leasing Co Ltd , Hanjin Heavy Industriess Korea , Standard International Dial , Capital Link Inc , Capitalization Of The Partnership , Capital Maritime Trading Corp , Securities Exchange , Unit Repurchase Program , Partnership Board Of Directors , Operating Surplus , Market Commentary Update , Chief Executive Officer , General Partner , Seller Credit , Classb Convertible Preferred Units , Fourth Quarter , Capital Maritime ,