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	<title>Marine Money Archives &#187; Conferences</title>
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	<description>The Ship Finance Publication Of Record</description>
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		<title>Bullish still, just slightly less so</title>
		<link>http://www.marine-money.com/archive/bullish-still-just-slightly-less-so</link>
		<comments>http://www.marine-money.com/archive/bullish-still-just-slightly-less-so#comments</comments>
		<pubDate>Thu, 29 Sep 2011 15:17:34 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Freshly Minted]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11097</guid>
		<description><![CDATA[It was the fact that Asia, with all its growth, demand and development, are coupled for better or worse with Europe and the US that cast some pall over the enormous proceedings at the St Regis. With opening speaker, Dr. Marc Faber of the hugely respected Boom, Doom and Gloom report mockingly calling Fed bankers "geniuses" for wishing they could push interest rates negative, worrying over commodity wars spreading from conflict in the Middle East, while advocating for every personal portfolio to hold a little gold as paper money value is controlled by evil governments the start was dark. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pride of the Inland Sea. Marine Money on Shikoku Island with 200 close friends!</title>
		<link>http://www.marine-money.com/archive/pride-of-the-inland-sea-marine-money-on-shikoku-island-with-200-close-friends</link>
		<comments>http://www.marine-money.com/archive/pride-of-the-inland-sea-marine-money-on-shikoku-island-with-200-close-friends#comments</comments>
		<pubDate>Thu, 27 May 2010 18:14:32 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9217</guid>
		<description><![CDATA[Arriving on Shikoku Island on Japan's inland sea today is to take a step into a different world. As Inatomi san of SMBC said at the start, 'its been a center of trade for more than 1,000 years.']]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Food for Thought</title>
		<link>http://www.marine-money.com/archive/food-for-thought</link>
		<comments>http://www.marine-money.com/archive/food-for-thought#comments</comments>
		<pubDate>Fri, 23 Oct 2009 06:52:32 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Andreas Sohmen-Pao]]></category>
		<category><![CDATA[BW Shipping]]></category>
		<category><![CDATA[Erik Helbert]]></category>
		<category><![CDATA[Kent Paulli]]></category>
		<category><![CDATA[Pacific Basin]]></category>
		<category><![CDATA[Richard Hext]]></category>
		<category><![CDATA[Rickmers Maritime]]></category>
		<category><![CDATA[RS Platou]]></category>
		<category><![CDATA[ST Shipping]]></category>
		<category><![CDATA[Thomas Preben Hansen]]></category>
		<category><![CDATA[Viktor Berglind]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8129</guid>
		<description><![CDATA[We are very grateful to Viktor Berglind for extending us an invitation to attend RS Platou Conference last week, held in celebration of its 20th Anniversary in Singapore.

Among the many insightful market presentations, we enjoyed the panel discussion on the market outlook moderated by Mr. Erik Helberg (RS Platou Shipping Research Team), featuring Mr. Richard Hext (CEO Pacific Basin), Mr. Andreas Sohmen-Pao (CEO BW Shipping), Mr. Thomas Preben Hansen (CEO Rickmers Maritime), Mr. Kent Paulli (Director ST Shipping/Glencore) the most and here are some extracts from the very interesting panel discussion involving some of the most established names in the shipping business.
]]></description>
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		</item>
		<item>
		<title>The Inevitable – Taxes and Restructuring</title>
		<link>http://www.marine-money.com/archive/the-inevitable-%e2%80%93-taxes-and-restructuring</link>
		<comments>http://www.marine-money.com/archive/the-inevitable-%e2%80%93-taxes-and-restructuring#comments</comments>
		<pubDate>Thu, 25 Jun 2009 16:23:57 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Anders Karlsen]]></category>
		<category><![CDATA[Bernard Schulte]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DLA Piper]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[DNV Energy]]></category>
		<category><![CDATA[Douglas Mavrinac]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[FBR]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Gregory Lewis]]></category>
		<category><![CDATA[Holland & Knight]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Jeffrey Schwartz]]></category>
		<category><![CDATA[Jens Alers]]></category>
		<category><![CDATA[Jonathan Chappell]]></category>
		<category><![CDATA[Justine Fisher]]></category>
		<category><![CDATA[Lazard]]></category>
		<category><![CDATA[Len Hoskinson]]></category>
		<category><![CDATA[Martin Korsvold]]></category>
		<category><![CDATA[Nancy Hengen]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Omar Nokta]]></category>
		<category><![CDATA[Pareto]]></category>
		<category><![CDATA[Peter Bjerager]]></category>
		<category><![CDATA[Robert Bugbee]]></category>
		<category><![CDATA[Robert MacKenzie]]></category>
		<category><![CDATA[SMS]]></category>
		<category><![CDATA[Tamara Moravia-Israel]]></category>
		<category><![CDATA[Thor Andre Lunder]]></category>
		<category><![CDATA[Urs Dür]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6072</guid>
		<description><![CDATA[<strong>President Obama’s Proposed International Tax Changes – Will They Truly Achieve Economic Stimulation</strong> 
<strong>Tamara Moravia-Israel</strong> of <strong>Ernst &#038; Young</strong> was forthright in views of the President’s proposed changes in international tax law. It is not good for shipping. And there is a question as to whether it will in fact create jobs, stimulate the economy and increase competitiveness as is suggested. First, the “check the box” regime is proposed to be reformed in that foreign eligible entities with a single owner could be disregarded for federal US tax purposes only if: (1) they are organized in the same country in]]></description>
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		</item>
		<item>
		<title>Investing and Investment Banking</title>
		<link>http://www.marine-money.com/archive/investing-and-investment-banking</link>
		<comments>http://www.marine-money.com/archive/investing-and-investment-banking#comments</comments>
		<pubDate>Thu, 25 Jun 2009 16:15:08 +0000</pubDate>
		<dc:creator>nhuvane2</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Angeliki Frangou]]></category>
		<category><![CDATA[Charles Fabrikant]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DVB]]></category>
		<category><![CDATA[Elliot Etheredge]]></category>
		<category><![CDATA[Felipe Menendez Ross]]></category>
		<category><![CDATA[First Ship Lease]]></category>
		<category><![CDATA[Gary Wolfe]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Hamish Norton]]></category>
		<category><![CDATA[Harris Antoniou]]></category>
		<category><![CDATA[Igor Kuzniar]]></category>
		<category><![CDATA[Irving Place Capital]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Jim Tisch]]></category>
		<category><![CDATA[Michel Bourgery]]></category>
		<category><![CDATA[Navios]]></category>
		<category><![CDATA[Northern Shipping Funds]]></category>
		<category><![CDATA[Octavian]]></category>
		<category><![CDATA[Oivind Lorentzen]]></category>
		<category><![CDATA[Peter Georgiopoulos]]></category>
		<category><![CDATA[Philip Clausius]]></category>
		<category><![CDATA[Seward and Kissel]]></category>
		<category><![CDATA[Simon Smith]]></category>
		<category><![CDATA[Sunder Reddy]]></category>
		<category><![CDATA[Ted Young]]></category>
		<category><![CDATA[Tobias König]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[Ultrapetrol]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6070</guid>
		<description><![CDATA[<strong>The market is depressed. The people are not.</strong> 
The debt markets exist. But you are looking at a lot less for a short term costing a lot more. A lot of the banks will be properly back into the game by 2010. It will help to have companies based in ship finance exporting countries. 
 
The capital markets exist. The bond market is open at very reasonable rates. The equity markets are open for existing issuers but valuations are poor. 
 
We may have a rebound this year thanks to stimulus plans and fiscal loosening, but the underlying damage is]]></description>
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		</item>
		<item>
		<title>The Economy and the Markets</title>
		<link>http://www.marine-money.com/archive/the-economy-and-the-markets-%e2%80%93-rodricks-wong</link>
		<comments>http://www.marine-money.com/archive/the-economy-and-the-markets-%e2%80%93-rodricks-wong#comments</comments>
		<pubDate>Thu, 25 Jun 2009 16:07:48 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[ABN AMRO]]></category>
		<category><![CDATA[Anthony B. Rizzuto]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[Euro Pacific Capital]]></category>
		<category><![CDATA[First Ship Lease]]></category>
		<category><![CDATA[Fortis Nederland]]></category>
		<category><![CDATA[François Trahan]]></category>
		<category><![CDATA[Friedman Billings Ramsay]]></category>
		<category><![CDATA[Genco Shipping & Trading Limited]]></category>
		<category><![CDATA[Gust Biesbroeck]]></category>
		<category><![CDATA[Hans Chr Kjelerud]]></category>
		<category><![CDATA[HSH Nordbank]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ISI Group]]></category>
		<category><![CDATA[Kristin Holth]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Pacific Carriers]]></category>
		<category><![CDATA[Paul Miller]]></category>
		<category><![CDATA[Peter Schiff]]></category>
		<category><![CDATA[Philip Clausius]]></category>
		<category><![CDATA[Robin Das]]></category>
		<category><![CDATA[Rory Hussey]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6068</guid>
		<description><![CDATA[<strong>STAY HOPEFUL </strong> 
Investor sentiment is very often unpredictable and moody, especially today when economic data continues to come in mixed and casts doubts on whether the economic stabilization will be able to materialise into a recovery. And against this uncertain backdrop, it was refreshing to listen to an optimistic voice among the crowd on where the global economy is heading. <strong>François Trahan</strong>, Senior Managing Director and Chief Investment Strategist, <strong>ISI Group</strong> started off the Wednesday’s session of Marine Money Week on a positive note by reminding the audience that even though consumer deleveraging has already begun and may well]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Notes from Japan</title>
		<link>http://www.marine-money.com/archive/notes-from-japan</link>
		<comments>http://www.marine-money.com/archive/notes-from-japan#comments</comments>
		<pubDate>Fri, 05 Jun 2009 06:51:01 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Dick Welsh]]></category>
		<category><![CDATA[HSH Nordbank]]></category>
		<category><![CDATA[Isle of Man Ship Registry]]></category>
		<category><![CDATA[Japan Ship Finance forum]]></category>
		<category><![CDATA[Julian Proctor]]></category>
		<category><![CDATA[Kimio Kiriake]]></category>
		<category><![CDATA[Lucas Chong]]></category>
		<category><![CDATA[Matthias Umlauf]]></category>
		<category><![CDATA[Paul Stebbins]]></category>
		<category><![CDATA[Shipbuilders' Association of Japan]]></category>
		<category><![CDATA[Tiger Group]]></category>
		<category><![CDATA[Wilhelmsen Shipmanagement]]></category>
		<category><![CDATA[World Fuel Services]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8458</guid>
		<description><![CDATA[We had a lot of talk at Marine Money’s 4th annual Japan Ship Finance Forum last Tuesday about strategies on strengthening balance sheets and managing vendor relationships to understanding one’s rights and remedies in contractual disputes. The strong support shown by over 150 delegates is a tribute to the Japanese shipping industry and its ability to manage the global financial crisis and shipping market downturn to achieve long-term success. We present some quick notes from the event.]]></description>
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		</item>
		<item>
		<title>Japanese Shipowners in Rough Waters</title>
		<link>http://www.marine-money.com/archive/japanese-shipowners-in-rough-waters</link>
		<comments>http://www.marine-money.com/archive/japanese-shipowners-in-rough-waters#comments</comments>
		<pubDate>Fri, 05 Jun 2009 06:42:34 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Conferences]]></category>
		<category><![CDATA[DBJ]]></category>
		<category><![CDATA[Development Bank of Japan]]></category>
		<category><![CDATA[Japanese shipowners]]></category>
		<category><![CDATA[SMBC]]></category>
		<category><![CDATA[Suguya Sugimoto]]></category>
		<category><![CDATA[Yohei Ugari]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8456</guid>
		<description><![CDATA[Not too long ago, Japanese shipowners were able to secure cheap financing at 90% financing or even 100% financing from the Japanese banks so long they have a long-term charter with one of three mega carriers. But this is no longer the case today when Japanese banks continue to grow cautious and tighten their lending capacities towards the domestic shipping industry.

During the bankers’ panel discussion at Marine Money’s 4th Annual Japan Ship Finance Forum, Mr. Yohei Ugari, general manager of the ship finance department at SMBC, shared with the audience that Japanese mega banks are no different from their Western counterparts and are constrained by their capital-adequacy ratios. At the same time, Japanese shipowners are facing their own set of challenges especially in generating stable cash flows due to the significant appreciation of yen over the past few months. Traditionally, shipowners in Japan are highly leveraged and have enjoyed the low interest yen denominated loans. But it is also this preference for yen denominated loans that exposes them to considerable exchange rate risks, arising from the mismatch in currencies between revenue and expenses.
]]></description>
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		</item>
		<item>
		<title>Law and Order</title>
		<link>http://www.marine-money.com/archive/law-and-order</link>
		<comments>http://www.marine-money.com/archive/law-and-order#comments</comments>
		<pubDate>Fri, 08 May 2009 06:34:05 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Conferences]]></category>
		<category><![CDATA[2nd Asian Maritime Law Conference]]></category>
		<category><![CDATA[Armada]]></category>
		<category><![CDATA[Arrest Insolvency and Pre-emptive Remedies in a Global Shipping Crisis]]></category>
		<category><![CDATA[Atlas Shipping]]></category>
		<category><![CDATA[Britannia Bulkers]]></category>
		<category><![CDATA[Maritime Law Association of Singapore]]></category>
		<category><![CDATA[Rule B]]></category>
		<category><![CDATA[Samsun Logix]]></category>
		<category><![CDATA[VietComm Bank]]></category>
		<category><![CDATA[Winter Storm Shipping]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8494</guid>
		<description><![CDATA[On the last Friday of April, the Maritime Law Association of Singapore presented its 2nd Asian Maritime Law Conference entitled “Arrest, Insolvency and Pre-emptive Remedies in a Global Shipping Crisis”. The mood was somewhat sombre with many in the audience believing that the shipping crisis is still far from over. The mix of presenters included speakers from both the East and the West and brought great value and interest. Some of the more interesting takeaways for us, in no specific order, including the following:

-       IMF estimates that bank losses from US toxic assets could reach USD 4 trillion. If we compare this figure to the global syndicated loan amount of USD 3 trillion in 2008, this is equivalent to one lost year of financial activities.  
]]></description>
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		</item>
		<item>
		<title>Finance for Asian Shipping</title>
		<link>http://www.marine-money.com/archive/finance-for-asian-shipping</link>
		<comments>http://www.marine-money.com/archive/finance-for-asian-shipping#comments</comments>
		<pubDate>Thu, 23 Apr 2009 09:26:04 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Commentary]]></category>
		<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Dagfinn Lunde]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[DVB Bank]]></category>
		<category><![CDATA[Erik Valen]]></category>
		<category><![CDATA[Fortis]]></category>
		<category><![CDATA[FSL Trust]]></category>
		<category><![CDATA[Hamish Norton]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Nord LB]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Philip Clausius]]></category>
		<category><![CDATA[Sea-Asia]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8548</guid>
		<description><![CDATA[The availability of ship financing and alternative sources of capital was the central theme revolving Sea-Asia’s conference yesterday. Referring to a slide that illustrates the impact of banks writedowns on their market capitalisations (see below), Dagfinn Lunde, Member of the Board of Managing Directors of DVB Bank SE, pointed out that even though the traditional ship financing landscape has changed dramatically, there is still money available from banks. He told the crowd that DVB, DnB NOR, Nordea, Nord LB, Fortis and some Greek banks are open to different extents and it is possible to put together club deals between USD 100 million to 120 million today. “If you have the words ‘energy’ or ‘offshore’ in your project, even some US banks are still willing to lend,” he added.]]></description>
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