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	<title>Marine Money Archives &#187; marinemoney</title>
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	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
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		<title>Syndicated Market Continues on Track</title>
		<link>http://www.marine-money.com/archive/syndicated-market-continues-on-track</link>
		<comments>http://www.marine-money.com/archive/syndicated-market-continues-on-track#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:10:05 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[ABN AMRO]]></category>
		<category><![CDATA[AP Moller-Maersk]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11820</guid>
		<description><![CDATA[Last Friday, Dealogic released its Bookrunner and MLA Tables for Syndicated Marine Finance Loans for 2011 showing total syndicated loan volume at $68.4 billion up from last year’s $50.1 billion. From the macro perspective the trend remains upward as deal volume and number of transactions grew respectively 26.2% and 19.6% compared to the year earlier. This continues the growth which commenced in 2009. Ignoring the boom in volume in 2007 and 2008, the current volume is on par with the years prior. A further measure of the health of the syndication market is also reflected in the nominal reduction of club deal volume as well as the declining proportion of these deals versus total syndicated volume. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AMA Gains Toehold in Germany – Acquires 49.9% of Lloyd Fonds</title>
		<link>http://www.marine-money.com/archive/ama-gains-toehold-in-germany-%e2%80%93-acquires-49-9-of-lloyd-fonds</link>
		<comments>http://www.marine-money.com/archive/ama-gains-toehold-in-germany-%e2%80%93-acquires-49-9-of-lloyd-fonds#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:09:14 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[AMA Capital Partners]]></category>
		<category><![CDATA[Lloyd Fonds AG]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11818</guid>
		<description><![CDATA[In our catch-up last week, we missed the news that Lloyd Fonds AG had successfully completed its equity issue with full subscription rights. In an offer that was underwritten by AMA Capital Partners, a total of EUR 14.7 million was raised based upon the issuance of 14.7 million new shares priced at EUR 1.00 each.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Odfjell Terminal Joint Venture in China</title>
		<link>http://www.marine-money.com/archive/new-odfjell-terminal-joint-venture-in-china</link>
		<comments>http://www.marine-money.com/archive/new-odfjell-terminal-joint-venture-in-china#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:08:21 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Odfjell SE]]></category>
		<category><![CDATA[Odfjell Terminals Nangang (Tianjin)]]></category>
		<category><![CDATA[Tianjin Economic-Technology Development Area]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11816</guid>
		<description><![CDATA[Continuing its focus on the terminal business, Odfjell SE announced on Wednesday its agreement to enter into a joint venture with Tianjin Economic-Technology Development Area (“TEDA”) to develop a terminal and marine facilities for bulk liquid chemicals, petroleum products and gases in the Nangang Industrial Zone (Tianjin) in China.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Diana Containerships’ Sale-leaseback with APL</title>
		<link>http://www.marine-money.com/archive/diana-containerships%e2%80%99-sale-leaseback-with-apl</link>
		<comments>http://www.marine-money.com/archive/diana-containerships%e2%80%99-sale-leaseback-with-apl#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:07:15 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[APL (Bermuda) Ltd]]></category>
		<category><![CDATA[Diana Containerships Inc]]></category>
		<category><![CDATA[Michael Webber]]></category>
		<category><![CDATA[Wells Fargo Securities]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11814</guid>
		<description><![CDATA[On Monday, Diana Containerships Inc. announced that they had purchased the M/V APL Sardonyx and the M/V APL Spinel, both with a capacity of approximately 4,750 TEUs, for $30 million each. The vessels were built in 1995 and 1996 respectively at Samsung Heavy Industries. Delivery of the vessels is expected to take place this quarter.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Restis Steps Up and Banks Cooperate – Seanergy Amends Facilities</title>
		<link>http://www.marine-money.com/archive/restis-steps-up-and-banks-cooperate-%e2%80%93-seanergy-amends-facilities</link>
		<comments>http://www.marine-money.com/archive/restis-steps-up-and-banks-cooperate-%e2%80%93-seanergy-amends-facilities#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:06:10 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Bulk Energy Transport (Holdings) Limited]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Marfin Egnatia Bank SA]]></category>
		<category><![CDATA[Seanergy Maritime Holdings Corp]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11812</guid>
		<description><![CDATA[On Monday, Seanergy Maritime Holdings Corp. announced that two of its lenders had agreed in principal to waive certain financial covenants in three of its loan facilities and to amend the terms of two of its facilities. Giving comfort to the lenders was the main shareholder’s decision to inject $10 million of new equity.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rewarding Shareholders – Seaspan’s Tender Offer</title>
		<link>http://www.marine-money.com/archive/rewarding-shareholders-%e2%80%93-seaspan%e2%80%99s-tender-offer</link>
		<comments>http://www.marine-money.com/archive/rewarding-shareholders-%e2%80%93-seaspan%e2%80%99s-tender-offer#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:04:55 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Seaspan Corporation]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11810</guid>
		<description><![CDATA[Today, Seaspan Corporation announced the preliminary results of its tender offer which expired yesterday, for the purchase of up to 10 million of its Class A common shares at $15/share. Not surprisingly, given the premium offered, the offer was a huge success with 21.3 million shares tendered. Based upon the terms of the offer, which gives Seaspan the right to increase the number of shares purchased by 2%, the company expects to purchase 11.3 million shares for a cash outlay of $169.5 million.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shaking It Up</title>
		<link>http://www.marine-money.com/archive/shaking-it-up</link>
		<comments>http://www.marine-money.com/archive/shaking-it-up#comments</comments>
		<pubDate>Thu, 12 Jan 2012 00:37:24 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Marine Money]]></category>
		<category><![CDATA[Rankings]]></category>
		<category><![CDATA[George Weltman]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11654</guid>
		<description><![CDATA[This year’s group of participants in our annual shipping rankings was shaken not stirred. Through both action and inaction, our grouping was radically reduced this year from 100 participants last year to 88 this year. Accounting for most of the decline was a delay in filling year-end financials. While we delayed running the rankings model to the last possible moment, we still ended up missing Euroseas, Gulf Navigation, MISC, PT Berlian Laju Tanker, Sinotrans, Omega Navigation, Stealth Gas and NewLead Holdings. Absence does make the heart grow fonder and we hope to see their return next year.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citi and CICC for SITC in Hong Kong –  IPO Award East</title>
		<link>http://www.marine-money.com/archive/citi-and-cicc-for-sitc-in-hong-kong-%e2%80%93-ipo-award-east</link>
		<comments>http://www.marine-money.com/archive/citi-and-cicc-for-sitc-in-hong-kong-%e2%80%93-ipo-award-east#comments</comments>
		<pubDate>Thu, 05 Jan 2012 20:55:03 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Deal Of The Year Awards]]></category>
		<category><![CDATA[Marine Money]]></category>
		<category><![CDATA[Rodricks Wong]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11558</guid>
		<description><![CDATA[In the aftermath of the financial crisis in America, there was the formation of something of an “America Inc.” as firms from AIG to General Motors were bailed out by the government. The was highly controversial among Americans, as it was across the Atlantic in Europe. For much of the world, though, the concept of a business economy that is closely integrated with the state is more widely accepted and extends even to notoriously roguish shipping lines. China Inc. may include COSCO and CSCL, Japan Inc. the likes of NYK and MOL, the list goes on.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Story that Does Not Stop</title>
		<link>http://www.marine-money.com/archive/the-story-that-does-not-stop</link>
		<comments>http://www.marine-money.com/archive/the-story-that-does-not-stop#comments</comments>
		<pubDate>Thu, 05 Jan 2012 17:03:59 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11808</guid>
		<description><![CDATA[In yesterday’s Markit North America Intraday Alert – Snapshot, Otis Casey reminded us that a new year does not always bring changes.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Welcome to Brazil, Mr. Fredriksen</title>
		<link>http://www.marine-money.com/archive/welcome-to-brazil-mr-fredriksen</link>
		<comments>http://www.marine-money.com/archive/welcome-to-brazil-mr-fredriksen#comments</comments>
		<pubDate>Thu, 05 Jan 2012 17:03:05 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[SapuraCrest Petroleum Bhd]]></category>
		<category><![CDATA[Seabras Servicos de Petroleo S.A.]]></category>
		<category><![CDATA[Seadrill Limited]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11806</guid>
		<description><![CDATA[Given the growing opportunities in Brazil, it is not surprising that Seadrill Limited would seek the advantages of a local presence in country. Back in early December, Seadrill announced that its wholly owned indirect subsidiary, Seabras Servicos de Petroleo S.A. made an initial filing of a Reference Form with the Brazilian Securities and Exchange Commission in connection with a potential initial public offering of its shares on the Nova Mercado segment of the Sao Paulo Stock Exchange. Naturally any offering would be subject to market conditions and the approval and the registration of the shares by the Brazilian authorities.]]></description>
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