Refinancings are set to drive “active” shipping bond issuance in the Nordic high-yield market in 2025 as “unique” conditions attract an ever broader, more international clientele, according to the head of research at Arctic Securities in Oslo.

In 2024, issuance increased to $1.6bn from $570m in 2023.

Arctic sees S&P picking up next year ‘with a lot of money to be made in shipping’
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Alexander Jost told TradeWinds: “We think that bond issuance for shipping companies will continue next year.