<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Marine Money Archives &#187; A.P. Moller Maersk</title>
	<atom:link href="http://www.marine-money.com/archive/tag/a-p-moller-maersk/feed" rel="self" type="application/rss+xml" />
	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
	<lastBuildDate>Mon, 16 Jan 2012 04:04:51 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
		<item>
		<title>CSI Vancouver – Dissecting the Seaspan and MSC Bareboat Charter</title>
		<link>http://www.marine-money.com/archive/csi-vancouver-%e2%80%93-dissecting-the-seaspan-and-msc-bareboat-charter</link>
		<comments>http://www.marine-money.com/archive/csi-vancouver-%e2%80%93-dissecting-the-seaspan-and-msc-bareboat-charter#comments</comments>
		<pubDate>Thu, 10 Nov 2011 16:02:31 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Costamare Inc.]]></category>
		<category><![CDATA[MSC Mediterranean Shipping Company]]></category>
		<category><![CDATA[Seaspan Corporation]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11316</guid>
		<description><![CDATA[We do not believe that the recently announced five year bareboat charter by Seaspan Corporation of two of the former Maersk 4,800 TEU vessels to MSC Mediterranean Shipping Company (“MSC”) received the attention it warrants for the lessons it offers. On the surface, this financial transaction solves a number of key concerns associated with these non-core vessels by effectively removing them from Seaspan’s fleet by transferring both operating and residual risk to MSC. There was a price, as a loss was incurred ($8.9 million on the first two vessels), and to understand what went wrong and if this latest transaction salvages the overall experience, we will attempt a difficult post-mortem.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/csi-vancouver-%e2%80%93-dissecting-the-seaspan-and-msc-bareboat-charter/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Even Big Boys Get the Blues – A.P Moller-Maersk Bides Time</title>
		<link>http://www.marine-money.com/archive/even-big-boys-get-the-blues-%e2%80%93-a-p-moller-maersk-bides-time</link>
		<comments>http://www.marine-money.com/archive/even-big-boys-get-the-blues-%e2%80%93-a-p-moller-maersk-bides-time#comments</comments>
		<pubDate>Thu, 23 Jun 2011 14:49:33 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Mitsubishi]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10449</guid>
		<description><![CDATA[Market reports suggest that A.P Moller Maersk has postponed a planned EUR 1 billion bond issue due to poor market conditions. Led by Barclays, ING, J.P. Morgan, Mitsubishi and Nordea, the roadshow for the 10-year bond was to have begun on May 31 but never transpired. Analysts attribute the delay to a poor corporate bond market which is struggling with the Greek debt crisis among other issues.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/even-big-boys-get-the-blues-%e2%80%93-a-p-moller-maersk-bides-time/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>APM Goes Back to the Bond Market</title>
		<link>http://www.marine-money.com/archive/apm-goes-back-to-the-bond-market</link>
		<comments>http://www.marine-money.com/archive/apm-goes-back-to-the-bond-market#comments</comments>
		<pubDate>Thu, 02 Dec 2010 18:56:57 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Banco Santander]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Barclays Capital]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Danske Bank]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[Mitsubishi UFG]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[RBS]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9878</guid>
		<description><![CDATA[Having had its first taste last year, A.P. Moller-Maersk (“APM”) returned to the public bond market a couple of weeks ago, issuing EUR 500 million of 7-year bonds with a coupon of 4.375%. The net proceeds will be used for general corporate purposes. Unsurprisingly, investor interest was strong with the bonds being more than three times oversubscribed. As a point of comparison, last year’s issue of EUR 750 million 5-year bonds carried a coupon of 4.875%.  Placed by Barclays Capital, BNP Paribas, Danske Bank, HSBC and RBS, the bonds will be listed on the Luxembourg Stock Exchange.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/apm-goes-back-to-the-bond-market/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Who Wants to Call the Turn?</title>
		<link>http://www.marine-money.com/archive/who-wants-to-call-the-turn</link>
		<comments>http://www.marine-money.com/archive/who-wants-to-call-the-turn#comments</comments>
		<pubDate>Thu, 07 Oct 2010 15:00:55 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Export-Import Bank of China]]></category>
		<category><![CDATA[HSH Nordbank]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Mizhuo]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[SMBC]]></category>
		<category><![CDATA[Vale]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9683</guid>
		<description><![CDATA[We might. While the data may be considered slim and possibly distorted by the $6.75 billion A.P Moller-Maersk transaction, the nine-month 2010 Dealogic  shipping data intimates a reversal in the downward trend in syndicated lending which began in 2007. Not only were the number of syndicated deals, volume and new money higher, club deal volume and numbers were down. The latter of course might just reflect deal size, where five of the top fifteen deals were in excess of $1 billion, but we will give the data the benefit of the doubt. In terms of specifics, the number and volume of deals for the 9-months of 2010 was 110 deals totaling $28.4 billion versus the one year earlier total of 90 deals totaling $25.9 billion. The best way to see the trend over time is to look at the data, which we show pictorially below. And, yes, you needn’t remind us that one point does not make a trend.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/who-wants-to-call-the-turn/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In Some Respects, a Return to Normalcy</title>
		<link>http://www.marine-money.com/archive/in-some-respects-a-return-to-normalcy</link>
		<comments>http://www.marine-money.com/archive/in-some-respects-a-return-to-normalcy#comments</comments>
		<pubDate>Thu, 08 Jul 2010 19:08:59 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[ABN AMRO]]></category>
		<category><![CDATA[Credit Agricole CIB]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[K Line]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[MOSK]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Petrobras]]></category>
		<category><![CDATA[RCCL]]></category>
		<category><![CDATA[Seadrill]]></category>
		<category><![CDATA[SMBC]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9379</guid>
		<description><![CDATA[This week Dealogic published its first half 2010 Bookrunner and MLA Tables for Syndicated Shipping Loans and the news was still dismal but in some respects hopeful. In terms of the big picture, while dollar volumes continued their downward trend, the number of deals in the first half actually increased slightly indicative of, perhaps, less capacity or more focused lending. While the number of club deals increased slightly, from 19 to 23, the deal value declined in proportion to total volume intimating at the revival of the larger syndications. And finally, approximately 90% of the dollar volume was new business rather than refinancings, which is indicative of an improving credit market.  Illustrative data are shown graphically herein.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/in-some-respects-a-return-to-normalcy/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Importance of Self Preservation</title>
		<link>http://www.marine-money.com/archive/the-importance-of-self-preservation</link>
		<comments>http://www.marine-money.com/archive/the-importance-of-self-preservation#comments</comments>
		<pubDate>Thu, 31 Dec 2009 08:54:11 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Equity]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Berlian Laju Tanker]]></category>
		<category><![CDATA[DBS]]></category>
		<category><![CDATA[Ezion Holdings]]></category>
		<category><![CDATA[Ezra Holdings]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[Mermaid Maritime]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[MISC]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Neptune Orient Lines]]></category>
		<category><![CDATA[Nippon Yusen Kaisha]]></category>
		<category><![CDATA[NOL]]></category>
		<category><![CDATA[Nomura Securities]]></category>
		<category><![CDATA[NYK]]></category>
		<category><![CDATA[Otto Marine]]></category>
		<category><![CDATA[Pacific Basin]]></category>
		<category><![CDATA[Petronas]]></category>
		<category><![CDATA[RHB Investment Bank]]></category>
		<category><![CDATA[rights issue]]></category>
		<category><![CDATA[Swiber Holdings]]></category>
		<category><![CDATA[Temasek]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=7834</guid>
		<description><![CDATA[In 2009, the equity markets had a roller coaster run, but some shipping companies found windows of opportunity for share placements, often tied to debt reduction. Self help through raising equity capital for balance sheet recapitalization is one way to ride through the difficult times. There had been varying degrees of success and among the most notable would be Neptune Oriental Lines’ (“NOL”) USD 972 million rights issue in June and NYK’s recently concluded JPY 116.4 billion (USD 1.3 billion) global equity offering. ]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/the-importance-of-self-preservation/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pipavav Shipyard</title>
		<link>http://www.marine-money.com/archive/pipavav-shipyard</link>
		<comments>http://www.marine-money.com/archive/pipavav-shipyard#comments</comments>
		<pubDate>Fri, 25 Sep 2009 06:45:42 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Equity]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[AVGI Maritime Services]]></category>
		<category><![CDATA[Batterymarch Financial Management]]></category>
		<category><![CDATA[Bourbon Group]]></category>
		<category><![CDATA[California Public Employee's Retirement System]]></category>
		<category><![CDATA[China Shipbuilding Corporation]]></category>
		<category><![CDATA[Citigroup Global Markets India]]></category>
		<category><![CDATA[Commonwealth Equity Fund]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Enam Securities]]></category>
		<category><![CDATA[Export Oriented Unit]]></category>
		<category><![CDATA[Galleon Group]]></category>
		<category><![CDATA[GI India II]]></category>
		<category><![CDATA[Golden Ocean Group]]></category>
		<category><![CDATA[India Diversified (Mauritius)]]></category>
		<category><![CDATA[JM Financial Consultants]]></category>
		<category><![CDATA[KOMAC]]></category>
		<category><![CDATA[Korea Maritime Consultants]]></category>
		<category><![CDATA[Kyrini Group]]></category>
		<category><![CDATA[Legg Mason Emerging Markets]]></category>
		<category><![CDATA[Marshal India Select Fund]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[Nitin Bhasin]]></category>
		<category><![CDATA[Noble Group]]></category>
		<category><![CDATA[Oil & Natural Gas Corp]]></category>
		<category><![CDATA[Pipavav]]></category>
		<category><![CDATA[Pipavav Port]]></category>
		<category><![CDATA[Pipavav Ship Dismantling and Engineering Limited]]></category>
		<category><![CDATA[Punj Lloyd]]></category>
		<category><![CDATA[SBI Capital Markets]]></category>
		<category><![CDATA[Sembcorp Marine]]></category>
		<category><![CDATA[SETAF]]></category>
		<category><![CDATA[SKIL Group]]></category>
		<category><![CDATA[TAS Offshore]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8231</guid>
		<description><![CDATA[This week, we are impressed to see another shipyard finding success in the IPO market. This makes India’s Pipavav Shipyard the third successful shipbuilder to raise equity following Taiwan’s China Shipbuilding Corporation and Malaysia’s TAS Offshore since the beginning of this year.

Pipavav Shipyard will soon be listed on the Bombay Stock Exchange and National Stock Exchange upon the completion of its book building. The private shipyard has offered its shares at a price band of Rs 55 – 60 a piece and plans to raise between Rs 4.7 billion (USD 98 million) and Rs 510 billion (USD 106 million). This amount is significantly lesser than the USD 200 million it had previously planned when the shipyard registered its IPO during the first quarter of 2008. Out of the 85.45 million shares on offer, 2.6 million shares have been set aside for the employees. We have provided a summary of the transaction in the Guts of the Deal table that follows. JM Financial Consultants, Citigroup Global Markets India, Enam Securities and SBI Capital Markets are the appointed bookrunners for this IPO.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/pipavav-shipyard/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Deal or No Deal?</title>
		<link>http://www.marine-money.com/archive/deal-or-no-deal</link>
		<comments>http://www.marine-money.com/archive/deal-or-no-deal#comments</comments>
		<pubDate>Thu, 18 Jun 2009 15:07:18 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Danske Bank]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[JPMorgan]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6038</guid>
		<description><![CDATA[Rumors in the market are rife about a new massive financing arranged for A.P. Moller Maersk (“APM”). According to Dealogic, the banks involved, as is customary, have reported to them that APM has entered into a $6.5 billion 7 year credit facility. In fact, as an industry source suggests, and Dealogic confirms, this is an old deal in the same amount that has been amended. And, as such, there is no new money involved. 
 
In a precautionary move, given the uncertain credit markets, the amended transaction has been structured as a forward start facility. Upon expiry of the existing]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/deal-or-no-deal/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A.P. Moller-Maersk Gets Discount on 25% Stake in PONL</title>
		<link>http://www.marine-money.com/archive/a-p-moller-maersk-gets-discount-on-25-stake-in-ponl</link>
		<comments>http://www.marine-money.com/archive/a-p-moller-maersk-gets-discount-on-25-stake-in-ponl#comments</comments>
		<pubDate>Thu, 30 Jun 2005 18:29:08 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Danske]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Royal P&O Nedlloyd]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8515</guid>
		<description><![CDATA[A.P. Moller-Maersk received the first definitive word on its offer to purchase Royal P&#038;O Nedlloyd this week with P&#038;O’s early sale of its 25% stake in the company at Euro 56.25 per share - a Euro 0.75 discount to the offer price – through Nordea and Danske banks. This brings A.P. Moller’s stake in the conglomerate up to 45%.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/a-p-moller-maersk-gets-discount-on-25-stake-in-ponl/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A.P. Moller Bids for P&amp;O Nedlloyd</title>
		<link>http://www.marine-money.com/archive/a-p-moller-bids-for-po-nedlloyd</link>
		<comments>http://www.marine-money.com/archive/a-p-moller-bids-for-po-nedlloyd#comments</comments>
		<pubDate>Thu, 12 May 2005 19:57:05 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Mergers & Acquisitions]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Charles De Trenck]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Evergreen]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Grand Alliance]]></category>
		<category><![CDATA[Hapag-Lloyd]]></category>
		<category><![CDATA[JP Morgan]]></category>
		<category><![CDATA[NOL]]></category>
		<category><![CDATA[NYK]]></category>
		<category><![CDATA[OOCL]]></category>
		<category><![CDATA[Randy Sesson]]></category>
		<category><![CDATA[Royal P&O Nedlloyd]]></category>
		<category><![CDATA[Wan Hai Lines]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8145</guid>
		<description><![CDATA[In early 2004, it became clear to us that 2005 would be the most active year of consolidation among shipping companies in history. Our belief was underpinned by the fact that shipping companies were generating loads of cash from both operations and the capital markets, the fundamentals for the shipping industry looked set to remain strong and shipyards were operating at or near full capacity. So, armed with loads of cash and good prospects, it is natural to expect that companies would look to reap operational and financial synergies and leverage through growth, and that that growth would come in the form of corporate deals rather than single vessel purchases. And that is exactly what has happened in virtually every sector of the international shipping industry.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/a-p-moller-bids-for-po-nedlloyd/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

