Syndicated Market Continues on Track

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. This is best seen pictorially in the graphs below.

Written by: marinemoney | Categories: Freshly Minted, Market Commentary | January 12th, 2012 | Add a Comment

The World Tilts East

Dealogic issued the full year league tables for 2009 this week and there were few surprises. Volumes were down as one would have expected and there was a certain Asian flavor to the leaders.

Perennial leaders DnB NOR and Nordea were supplanted by Mitsubishi UFJ Financial Group, which took the number one spot in both the Bookrunner and Mandated Lead Arranger tables. This strong showing was based upon their strong relationship with NYK Lines, for whom they were the sole arranger on two deals totaling $2.5 billion and their lead position on the largest deal of the year, AP Moller-Maersk’s $6.5 billion transaction. Don’t cry for the Norwegians. DnB NOR held its own, finishing in 2nd place in both league tables. Their finish was largely determined by transaction size as the number of transactions were comparable. Nordea slipped to 5th in the bookrunner table but finished third behind DnB in the all-important MLA table.
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Written by: carisk | Categories: Freshly Minted, The Week in Review | January 14th, 2010 | Add a Comment

Success for CMA CGM

French carrier CMA CGM told the industry press last week that it aimed to be the world’s third-largest container carrier by 2008. Well congratulations! As the container capacity graph on the first page of this issue shows, with the merger of AP Moller-Maersk and Royal P&O Nedlloyd, CMA CGM is set to become the world’s third-largest container line by as early as this summer. And the company still has 55 boxships set to be delivered over the next three years.

Written by: carisk | Categories: Freshly Minted, The Week in Review | May 12th, 2005 | Add a Comment