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	<title>Marine Money Archives &#187; Uncategorized</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>JBIC Finances Venezuela</title>
		<link>http://www.marine-money.com/archive/jbic-finances-venezuela</link>
		<comments>http://www.marine-money.com/archive/jbic-finances-venezuela#comments</comments>
		<pubDate>Fri, 11 Feb 2011 02:59:53 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bank Debt]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Itochu]]></category>
		<category><![CDATA[Japan Bank for International Cooperation]]></category>
		<category><![CDATA[JBIC]]></category>
		<category><![CDATA[Panavenflot]]></category>
		<category><![CDATA[PDV]]></category>
		<category><![CDATA[Petroleos de Venezuela]]></category>
		<category><![CDATA[SMBC]]></category>
		<category><![CDATA[Sumitomo Heavy Industries Marine & Engineering]]></category>
		<category><![CDATA[Sumitomo Mitsui Banking Corporation]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10032</guid>
		<description><![CDATA[The Japan Bank for International Cooperation (“JBIC”) is certainly not resting on its laurels as it continues to offer foreign shipowners export finance for their ship orders in Japan. It was just two months ago when JBIC provided K-Line Offshore two separate loans worth USD 170 million for the financing of two offshore support vessels, and this time it has concluded a JPY 19.6 billion (USD 238 million) loan agreement with Panavenflot Corp. Panavenflot is the Panamanian subsidiary of PDV Marina S.A., which is owned by Venezuela's state-run oil corporation Petroleos de Venezuela, SA. JBIC together with Sumitomo Mitsui Banking Corp will jointly provide Panavenflot the export credit facility to finance the construction of four 104,300-dwt Aframax tankers to be built by Japan's Sumitomo Heavy Industries Marine &#038; Engineering. Trading house Itochu Corp acted as the intermediary between the yard and the Venezuelan owner.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Name Change Needed – DRYS Goes Wet</title>
		<link>http://www.marine-money.com/archive/name-change-needed-%e2%80%93-drys-goes-wet</link>
		<comments>http://www.marine-money.com/archive/name-change-needed-%e2%80%93-drys-goes-wet#comments</comments>
		<pubDate>Thu, 06 Jan 2011 15:50:08 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Arctic Securities]]></category>
		<category><![CDATA[Cardiff Marine]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[Erik Nikolai Stavseth]]></category>
		<category><![CDATA[George Economou]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ocean Rig UDW]]></category>
		<category><![CDATA[Oppenheimer]]></category>
		<category><![CDATA[Pareto]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Scott Burk]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9926</guid>
		<description><![CDATA[It should come as no surprise that George Economou’s DryShips was in the news. First, there was the announcement that the private placement of shares in Ocean Rig UDW was successfully closed with total gross proceeds of $500 million raised. Not only was it a success from the perspective of the capital raise, the company [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pareto Places $60 Million of Fresh Equity for B+H</title>
		<link>http://www.marine-money.com/archive/pareto-places-60-million-of-fresh-equity-for-bh</link>
		<comments>http://www.marine-money.com/archive/pareto-places-60-million-of-fresh-equity-for-bh#comments</comments>
		<pubDate>Wed, 03 Feb 2010 18:33:06 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[B+H]]></category>
		<category><![CDATA[Michael Hudner’s]]></category>
		<category><![CDATA[Pareto Securities]]></category>
		<category><![CDATA[Sempra]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8186</guid>
		<description><![CDATA[Using the issuer-friendly Form Reg F, which allows a foreign issuer to sell securities to foreign investors through a very simple process, Pareto Securities raised $60 million of cash for tanker company B+H this week. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>KDB Let’s Together Fund Finds Interest</title>
		<link>http://www.marine-money.com/archive/kdb-let%e2%80%99s-together-fund-finds-interest</link>
		<comments>http://www.marine-money.com/archive/kdb-let%e2%80%99s-together-fund-finds-interest#comments</comments>
		<pubDate>Fri, 15 Jan 2010 02:11:37 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bank of Nova Scotia]]></category>
		<category><![CDATA[KDB]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[Let's Together]]></category>
		<category><![CDATA[Watson Farley & Williams]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=7761</guid>
		<description><![CDATA[Bank of Nova Scotia Asia and its syndicate of lenders have recently participated in Korea Development Bank’s shipping program. This is the first transaction effected under KDB Let’s Get Together Program, designed to enhance the liquidity of Korean shipping companies.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>test</title>
		<link>http://www.marine-money.com/archive/test-2</link>
		<comments>http://www.marine-money.com/archive/test-2#comments</comments>
		<pubDate>Fri, 30 Oct 2009 16:13:57 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6369</guid>
		<description><![CDATA[]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>test</title>
		<link>http://www.marine-money.com/archive/test</link>
		<comments>http://www.marine-money.com/archive/test#comments</comments>
		<pubDate>Fri, 30 Oct 2009 15:56:28 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6367</guid>
		<description><![CDATA[]]></description>
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		</item>
		<item>
		<title>Teekay TOO</title>
		<link>http://www.marine-money.com/archive/teekay-too</link>
		<comments>http://www.marine-money.com/archive/teekay-too#comments</comments>
		<pubDate>Thu, 30 Jul 2009 14:58:53 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Raymond James]]></category>
		<category><![CDATA[Teekay Offshore Partners]]></category>
		<category><![CDATA[UBS Investment Bank]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6169</guid>
		<description><![CDATA[On Wednesday after the market closed,<strong> Teekay Offshore Partners </strong>(“TOO”) announced plans to offer 6,500,000 common units, representing limited partnership interests in another follow-on offering. The agreement with the underwriters also includes a green shoe of 975,000 shares. 
 
Today, the units were priced at $14.32, a discount of 6.77% to yesterday’s closing price of $15.36. 
 
The net proceeds of the offering, approximately $100 million, will be used to repay amounts outstanding under one of their credit facilities, which bears interest at LIBOR plus 0.625% and matures in October 2014. Currently, TOO has in total 7 revolvers which provide]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Gray skies are gonna clear up&#8230;</title>
		<link>http://www.marine-money.com/archive/gray-skies-are-gonna-clear-up</link>
		<comments>http://www.marine-money.com/archive/gray-skies-are-gonna-clear-up#comments</comments>
		<pubDate>Thu, 11 Dec 2008 19:44:06 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=4881</guid>
		<description><![CDATA[Gray skies are gonna clear up, 
Put on a happy face; 
Brush off the clouds and cheer up, 
Put on a happy face. 
Take off the gloomy mask of tragedy, 
It's not your style; 
– Put On a Happy Face, Lyrics by Lee Adams and Music by Charles Strouse from Bye Bye Birdie. 
 
Despite continued market weakness and volatility, Pareto held a highly successful Shipping Conference last Friday in New York and they may have partially succeeded in putting a happy face on the industry. But then again, only one dry bulk company spoke. In fairness, however, Erik Helberg of Pareto did correctly note that the presenters represented some of the top public shipping companies.  Given the multitude of excellent presentations and the need to avoid favoritism, we have]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Change – Faster Than a Speeding Bullet, But For the Better?</title>
		<link>http://www.marine-money.com/archive/change-%e2%80%93-faster-than-a-speeding-bullet-but-for-the-better</link>
		<comments>http://www.marine-money.com/archive/change-%e2%80%93-faster-than-a-speeding-bullet-but-for-the-better#comments</comments>
		<pubDate>Thu, 25 Sep 2008 15:50:52 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=4497</guid>
		<description><![CDATA[The concept of change continues to gain currency in both politics and financial markets. In times of crisis, surely speed is of the essence. Crisis management by definition precludes well thought out solutions. For example, this was evident when the government changed its position about buying only mortgages and decided instead to cover the full gamut of toxic financial products or restricting short selling on a wholesale basis rather than focusing on what many perceive as the real issue, naked short selling. It becomes more of showing that something is being done, than finding the real long-term solution-like putting band-aids on a million cuts. 
 
 
The announcement on Monday that the Federal Reserve agreed to allow Morgan Stanley and Goldman Sachs to convert to traditional bank holding companies, in]]></description>
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		</item>
		<item>
		<title>December 2, 1999</title>
		<link>http://www.marine-money.com/archive/december-2-1999</link>
		<comments>http://www.marine-money.com/archive/december-2-1999#comments</comments>
		<pubDate>Tue, 08 Jul 2008 12:15:01 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[EXCEL]]></category>
		<category><![CDATA[GOLDEN OCEAN]]></category>
		<category><![CDATA[HVIDE]]></category>
		<category><![CDATA[LAZARD SHUFFLE]]></category>
		<category><![CDATA[MC SHIPPING]]></category>
		<category><![CDATA[MIF]]></category>
		<category><![CDATA[Neptune Orient Lines]]></category>
		<category><![CDATA[PACIFIC & ATLANTIC]]></category>
		<category><![CDATA[PREMUDA]]></category>
		<category><![CDATA[STENA LINE]]></category>
		<category><![CDATA[TMM]]></category>
		<category><![CDATA[YANG MING]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=3370</guid>
		<description><![CDATA[LAZARD SHUFFLE 
 
Veteran shipping investment banker Hamish Norton left Lazard Freres, and indeed the shipping industry, yesterday to join the technology group at investment bank Bear Sterns. Lawyer and presidential confidante Vernon Jorden joined Lazards this week, though it is unclear whether even Mr. Jorden is diplomatic enough to work with shipping investors. Mr. Norton told us that the technology group at Bear Stearns has particular expertise in...]]></description>
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		</item>
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