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	<title>Marine Money Archives &#187; Dahlman Rose</title>
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	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
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		<item>
		<title>What We’re Reading</title>
		<link>http://www.marine-money.com/archive/what-we%e2%80%99re-reading</link>
		<comments>http://www.marine-money.com/archive/what-we%e2%80%99re-reading#comments</comments>
		<pubDate>Thu, 17 Nov 2011 16:21:58 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Helane Becker]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11345</guid>
		<description><![CDATA[Our interests are varied and we are fortunate to receive many different and distinct publications covering sectors other than shipping and offshore. There are often bits and pieces in them which we find interesting or informative. Often we find a connection to our coverage or an interesting parallel. The following comes under the category of: “we are not alone.” We hope you find the following and future selections as interesting as we do.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/what-we%e2%80%99re-reading/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Into these Volatile Markets Goes Star Bulk</title>
		<link>http://www.marine-money.com/archive/into-these-volatile-markets-goes-star-bulk</link>
		<comments>http://www.marine-money.com/archive/into-these-volatile-markets-goes-star-bulk#comments</comments>
		<pubDate>Thu, 21 Jul 2011 18:47:42 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[ABN AMRO]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[FBR]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Milena Pappas]]></category>
		<category><![CDATA[Petros Pappas]]></category>
		<category><![CDATA[RBC Capital Markets]]></category>
		<category><![CDATA[Star Bulk Carriers Corp.]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10510</guid>
		<description><![CDATA[In its first follow-on offering since it began operations in December 2007, Star Bulk Carriers Corp. announced on Monday an underwritten overnight offering of 16.5 million shares based upon its previously filed $250 million shelf registration. The next day the offering was upsized to 16.7 million shares and priced at $1.80 per share, a discount of 10.4% from Monday’s closing price. While the file to offer discount is somewhat higher than the average year to date of 7.2% indicated by Jefferies, recall this is shipping and the markets remain volatile. Net proceeds were approximately $28 million. In addition, the company is allocating the usual 15% of the offering or 2.51 million shares to cover over-allotments.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/into-these-volatile-markets-goes-star-bulk/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>An Ode to Magicians</title>
		<link>http://www.marine-money.com/archive/an-ode-to-magicians</link>
		<comments>http://www.marine-money.com/archive/an-ode-to-magicians#comments</comments>
		<pubDate>Thu, 23 Jun 2011 14:52:40 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BNP]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DnB Citi/Watson Farley]]></category>
		<category><![CDATA[HSH Nordbank]]></category>
		<category><![CDATA[Jefferies]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10455</guid>
		<description><![CDATA[At showtime, it all looks easy, but the weeks preceding Marine Money Week are a whirlwind. It’s interesting being an insider and a somewhat dispassionate observer. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Partial Spin-Off to Follow-on – Diana Container Raises Equity</title>
		<link>http://www.marine-money.com/archive/partial-spin-off-to-follow-on-%e2%80%93-diana-container-raises-equity</link>
		<comments>http://www.marine-money.com/archive/partial-spin-off-to-follow-on-%e2%80%93-diana-container-raises-equity#comments</comments>
		<pubDate>Thu, 16 Jun 2011 14:26:53 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BB&T]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Diana Containerships Inc]]></category>
		<category><![CDATA[Diana Shipping Inc]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Morgan Keegan]]></category>
		<category><![CDATA[RS Platou]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10427</guid>
		<description><![CDATA[Back in December, Diana Shipping Inc. spun off 80% of its 55% interest in Diana Containerships Inc. by distributing to its shareholders 2,667,066 shares. The shares began to trade on NASDAQ in January of this year.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Marriage at Haakon VII’s Gate 1 – DHT to Acquire Saga Tankers</title>
		<link>http://www.marine-money.com/archive/marriage-at-haakon-vii%e2%80%99s-gate-1-%e2%80%93-dht-to-acquire-saga-tankers</link>
		<comments>http://www.marine-money.com/archive/marriage-at-haakon-vii%e2%80%99s-gate-1-%e2%80%93-dht-to-acquire-saga-tankers#comments</comments>
		<pubDate>Thu, 02 Jun 2011 14:30:48 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Arctic Securities]]></category>
		<category><![CDATA[Arne Blystad]]></category>
		<category><![CDATA[Carnegie ASA]]></category>
		<category><![CDATA[Cravath Swaine & Moore]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DHT Holdings]]></category>
		<category><![CDATA[Erik Nicolai Stavseth]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[Martin Korsvold]]></category>
		<category><![CDATA[Omar Nokta]]></category>
		<category><![CDATA[Pareto]]></category>
		<category><![CDATA[Pareto Securities ASA]]></category>
		<category><![CDATA[Saga Tankers ASA]]></category>
		<category><![CDATA[Thommessen]]></category>
		<category><![CDATA[Wikborg Rein]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10268</guid>
		<description><![CDATA[There are certainly many reasons for a merger, but the fact that the two companies’ offices are separated by two floors, while not meaningful, does make the logistics of the transaction easier, even though there are only two employees involved. On a less frivolous note, the proposed acquisition of Saga Tankers ASA by DHT Holdings, Inc. makes perfect sense for both parties. For DHT, it clearly was a means to continue the growth trajectory that began under the new management team and without additional leverage. For Saga shareholders, it can be viewed simplistically as a swift and timely exit. But, in fact, Saga shareholders now have a far better platform to participate in the tanker market.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Scorpio on a Roll – Enters into a New Credit Facility, Files Shelf, Orders Ships and Executes Follow-on</title>
		<link>http://www.marine-money.com/archive/scorpio-on-a-roll-%e2%80%93-enters-into-a-new-credit-facility-files-shelf-orders-ships-and-executes-follow-on</link>
		<comments>http://www.marine-money.com/archive/scorpio-on-a-roll-%e2%80%93-enters-into-a-new-credit-facility-files-shelf-orders-ships-and-executes-follow-on#comments</comments>
		<pubDate>Thu, 19 May 2011 15:00:57 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Evercore]]></category>
		<category><![CDATA[Fearnley Fonds]]></category>
		<category><![CDATA[Martin Korsvold]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Pareto]]></category>
		<category><![CDATA[Scorpio Tankers Inc.]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10302</guid>
		<description><![CDATA[Earlier this month, we reported on Scorpio Tankers Inc.’s new $150 million credit facility and filing of a shelf registration to issue up to $500 million of securities. Last week, they put these to good use. With sole bookrunner Morgan Stanley and co-managers, Dahlman Rose, Evercore and Fearnley Fonds, the company sold 6 million shares in a successful follow-on offering, which was upsized from the originally intended 5.5 million shares due to strong demand. The shares were priced at $10.50, a discount of 6.67% from the closing price prior to the announcement. The shares closed the next day at $10.75 with 1.065 million shares traded versus average volume of 88.8 thousand shares. Subsequently, the underwriters exercised their over-allotment option to purchase an additional 900 thousand shares, bringing total net proceeds to approximately $68.4 million]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Cool, Steady Heads Prevail – Genmar Restructures Liabilities</title>
		<link>http://www.marine-money.com/archive/cool-steady-heads-prevail-%e2%80%93-genmar-restructures-liabilities</link>
		<comments>http://www.marine-money.com/archive/cool-steady-heads-prevail-%e2%80%93-genmar-restructures-liabilities#comments</comments>
		<pubDate>Thu, 07 Apr 2011 15:12:17 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[General Maritime Corporation]]></category>
		<category><![CDATA[Georgiopoulos]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Metrostar]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Northern Shipping Funds]]></category>
		<category><![CDATA[Oaktree Capital]]></category>
		<category><![CDATA[Pribor]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10239</guid>
		<description><![CDATA[Banking on its relationship with its long-time investor, Oaktree Capital, General Maritime Corporation successfully raised $200 million in new capital, which formed the cornerstone of a restructuring of its balance sheet designed to improve liquidity largely through the reduction of its near-term debt obligations. The important side effect of the transaction was a reduction of the cash flow breakeven rate to a level commensurate with today’s weak tanker market.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Busy Week in the Capital Markets</title>
		<link>http://www.marine-money.com/archive/busy-week-in-the-capital-markets</link>
		<comments>http://www.marine-money.com/archive/busy-week-in-the-capital-markets#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:52:29 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BoA Merrill Lynch]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Deutsche]]></category>
		<category><![CDATA[DnB]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[Evercore]]></category>
		<category><![CDATA[Fredriksen]]></category>
		<category><![CDATA[General Maritime]]></category>
		<category><![CDATA[Golar]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Mr. Georgiopoulos]]></category>
		<category><![CDATA[Ms. Frangou]]></category>
		<category><![CDATA[Navios]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Oak Tree]]></category>
		<category><![CDATA[S. Goldman]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10220</guid>
		<description><![CDATA[Congratulations to a Whole Host of Principals and Professionals!]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“…Ask and you shall receive…”</title>
		<link>http://www.marine-money.com/archive/%e2%80%9c%e2%80%a6ask-and-you-shall-receive%e2%80%a6%e2%80%9d</link>
		<comments>http://www.marine-money.com/archive/%e2%80%9c%e2%80%a6ask-and-you-shall-receive%e2%80%a6%e2%80%9d#comments</comments>
		<pubDate>Thu, 10 Feb 2011 20:56:17 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Carnegie]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DHT Holdings Inc.]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Scotia Capital]]></category>
		<category><![CDATA[Teekay Tankers]]></category>
		<category><![CDATA[Teekay Tankers Ltd.]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10117</guid>
		<description><![CDATA[The overriding theme of capital being available to existing companies continues. Both DHT Holdings Inc. (“DHT”) and Teekay Tankers Ltd successfully concluded overnight follow-on equity offerings last week and both were well received.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stop Presses</title>
		<link>http://www.marine-money.com/archive/stop-presses</link>
		<comments>http://www.marine-money.com/archive/stop-presses#comments</comments>
		<pubDate>Thu, 03 Feb 2011 20:49:07 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DHT Holdings]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Teekay Tankers]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10110</guid>
		<description><![CDATA[Just as we were ready to publish, DHT Holdings and Teekay Tankers announced follow-on equity offerings. DHT intends to offer 8 million shares and will use the proceeds, approximately $40 million based upon today’s closing price, for general corporate purposes. The joint bookrunning managers are UBS, BofA Merrill Lynch and Citi. Dahlman Rose will act as Co-manager and Carnegie as sales agent in Scandinavia.]]></description>
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