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	<title>Marine Money Archives &#187; Danaos</title>
	<atom:link href="http://www.marine-money.com/archive/tag/danaos/feed" rel="self" type="application/rss+xml" />
	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
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		<title>The 3rd Quarter in Pictures</title>
		<link>http://www.marine-money.com/archive/the-3rd-quarter-in-pictures</link>
		<comments>http://www.marine-money.com/archive/the-3rd-quarter-in-pictures#comments</comments>
		<pubDate>Thu, 08 Dec 2011 18:32:48 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[Genco]]></category>
		<category><![CDATA[Golar LNG]]></category>
		<category><![CDATA[Grupo TMM]]></category>
		<category><![CDATA[Seaspan]]></category>
		<category><![CDATA[Teekay LNG]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11445</guid>
		<description><![CDATA[We continue our periodic look at quarterly results for a basket of shipping stocks we’ve been tracking. As in the past, we look at the percentage change in stock prices, comparing the beginning price versus the closing price for the quarter 3Q2011 and 3Q2010. We also look at the percentage change in EBITDA for 3Q2011 versus 3Q2010 and 3Q 2010 versus 3Q2009. This is our version of the proverbial crystal ball.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Survival – It’s All about Liquidity and Gearing</title>
		<link>http://www.marine-money.com/archive/survival-%e2%80%93-it%e2%80%99s-all-about-liquidity-and-gearing</link>
		<comments>http://www.marine-money.com/archive/survival-%e2%80%93-it%e2%80%99s-all-about-liquidity-and-gearing#comments</comments>
		<pubDate>Thu, 18 Aug 2011 14:11:17 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Costamare]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Seaspan]]></category>
		<category><![CDATA[TBS]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11012</guid>
		<description><![CDATA[Continuing our recent trend of playing with numbers, we have decided this week to focus on survivability, which, for our purposes, we measure in terms of liquidity and leverage. For a selected group of companies which have reported 1st half results, we have calculated the debt to equity and net debt to equity ratios. We also show the cash position of these companies, which compared to just a couple of years ago is substantially lower, a reflection of this difficult market. While we show both the debt to equity and net debt to equity ratios, the latter in deference to the analysts, we prefer the former as we believe the cash will be long gone before it can be applied to the debt.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/survival-%e2%80%93-it%e2%80%99s-all-about-liquidity-and-gearing/feed</wfw:commentRss>
		<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>Beyond Advisory</title>
		<link>http://www.marine-money.com/archive/beyond-advisory</link>
		<comments>http://www.marine-money.com/archive/beyond-advisory#comments</comments>
		<pubDate>Thu, 10 Mar 2011 15:38:53 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Evercore Partners]]></category>
		<category><![CDATA[Safe Bulkers]]></category>
		<category><![CDATA[Trico Marine Services]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10191</guid>
		<description><![CDATA[Last week, Evercore Partners took a major step forward in evolving beyond its staple business of advisory work. Although Evercore did receive its broker dealer license last year, the only public transaction in which it participated was the Safe Bulkers follow-on offering. But that is understandable given their herculean efforts in restructuring Danaos and Trico Marine Services. The company’s New Year’s resolutions clearly called for an expanding involvement in the capital markets.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Chinese Banks, Greek Owners</title>
		<link>http://www.marine-money.com/archive/chinese-banks-greek-owners</link>
		<comments>http://www.marine-money.com/archive/chinese-banks-greek-owners#comments</comments>
		<pubDate>Sat, 29 Jan 2011 06:41:51 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bank Debt]]></category>
		<category><![CDATA[China Exim]]></category>
		<category><![CDATA[China State Shipbuilding Corporation]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Costamare]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Shanghai Jiangnan Changxing Heavy Industry]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10055</guid>
		<description><![CDATA[In a press release from DVB Bank last week, CEO Wolfgang Driese has expressed great optimism on the future role of China, both in the global economy, and in global transport financing. Commenting on his recent trip to Beijing, he is convinced that Chinese banks will gain greater importance in the global syndication market, given that “a number of Western Hemisphere banks that were active before the crisis may well not return”. While we continue to harbour mixed feelings about the development of Chinese banks as emerging global ship financiers given recent concerns over their USD liquidity positions, they have clearly established themselves in the industry and this is evidenced by several new deals below.

At least two Greek shipping companies are said to have secured Chinese money in the past few weeks. Containership owner Danaos has secured approval for a USD 203.4 million Sinosure backed credit facility from Citi and China Exim Bank. The funds will be ultilised for the financing of three 8,530 teu boxships, currently under construction at Shanghai Jiangnan Changxing Heavy Industry.  
]]></description>
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		</item>
		<item>
		<title>Is New Better? – Costamare Prices</title>
		<link>http://www.marine-money.com/archive/is-new-better-%e2%80%93-costamare-prices</link>
		<comments>http://www.marine-money.com/archive/is-new-better-%e2%80%93-costamare-prices#comments</comments>
		<pubDate>Thu, 04 Nov 2010 14:14:46 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Costamare Inc.]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Global Ship Leasing (“GSL”)]]></category>
		<category><![CDATA[SeaCube]]></category>
		<category><![CDATA[Seaspan]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9808</guid>
		<description><![CDATA[Last night, the shares of Costamare Inc. were priced at $12, or 25% below the midpoint of the expected range of $15 to $17. The company sold 13.3 million shares, the number expected, raising $159.6 million in proceeds, instead of the $260 million that was planned.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/is-new-better-%e2%80%93-costamare-prices/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Random Talk on Wall Street</title>
		<link>http://www.marine-money.com/archive/a-random-talk-on-wall-street</link>
		<comments>http://www.marine-money.com/archive/a-random-talk-on-wall-street#comments</comments>
		<pubDate>Fri, 06 Aug 2010 01:15:15 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Costamare]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Global Ship Lease]]></category>
		<category><![CDATA[Peter G]]></category>
		<category><![CDATA[Teekay]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9517</guid>
		<description><![CDATA[This week we spoke with a few shipping investment bankers to get an assessment of what is happening on Wall Street during these hot summer days and what might be waiting in the wings when September arrives. While there are some differing opinions, mainly with respect to the banks, activity in the capital markets remains strong, in general, with strong undercurrents of potential activity in shipping. Some even suggest that we might not have to wait for September, as is typical. In the pipeline are IPOs, follow-ons and even M&#038;A transactions. What follows is a compendium of views on the various opportunities as well as some thoughtful commentary.]]></description>
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		</item>
		<item>
		<title>No Hype. We Delivered!</title>
		<link>http://www.marine-money.com/archive/no-hype-we-delivered</link>
		<comments>http://www.marine-money.com/archive/no-hype-we-delivered#comments</comments>
		<pubDate>Thu, 24 Jun 2010 21:33:08 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Alan Ginsberg]]></category>
		<category><![CDATA[Alan Shaw]]></category>
		<category><![CDATA[Andre Vergottis]]></category>
		<category><![CDATA[B of A Merrill Lynch]]></category>
		<category><![CDATA[Ban Huat Ouah]]></category>
		<category><![CDATA[Blank Rome]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[Brett Esber]]></category>
		<category><![CDATA[Brian Sondey]]></category>
		<category><![CDATA[Buss Group]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Clipper Group]]></category>
		<category><![CDATA[Craig Fuehrer]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Dale Ploughman]]></category>
		<category><![CDATA[Dan Rodgers]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DnB]]></category>
		<category><![CDATA[DryShip]]></category>
		<category><![CDATA[Eagle]]></category>
		<category><![CDATA[Efthymios Bouloutas]]></category>
		<category><![CDATA[Elliot Etheredge]]></category>
		<category><![CDATA[EXCEL]]></category>
		<category><![CDATA[Farlay & Williams]]></category>
		<category><![CDATA[FBR]]></category>
		<category><![CDATA[Felipe Menendez]]></category>
		<category><![CDATA[Fortis Bank Nederland]]></category>
		<category><![CDATA[François Trahan]]></category>
		<category><![CDATA[Frank Jensen]]></category>
		<category><![CDATA[Gerrit Parker]]></category>
		<category><![CDATA[Guillaume Deve]]></category>
		<category><![CDATA[Gust Biesbroeck]]></category>
		<category><![CDATA[Howe Robinson]]></category>
		<category><![CDATA[Ismini Panayotides]]></category>
		<category><![CDATA[Jakob Tolstrup-Moller]]></category>
		<category><![CDATA[James Christodoulou]]></category>
		<category><![CDATA[Johann Killinger]]></category>
		<category><![CDATA[John Coustas]]></category>
		<category><![CDATA[Kristin Holth]]></category>
		<category><![CDATA[Loli Wu]]></category>
		<category><![CDATA[Marfin]]></category>
		<category><![CDATA[Maritime Strategies International]]></category>
		<category><![CDATA[Mark Williams]]></category>
		<category><![CDATA[Michael Bodouroglou]]></category>
		<category><![CDATA[Morten Arntzen]]></category>
		<category><![CDATA[Morten Hay Ingebrigsten]]></category>
		<category><![CDATA[Navios]]></category>
		<category><![CDATA[Newlead]]></category>
		<category><![CDATA[Nigel Thomas]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[NSF]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[Pacific Basin]]></category>
		<category><![CDATA[Pankaj Khanna]]></category>
		<category><![CDATA[Paragon]]></category>
		<category><![CDATA[Paul Dowell]]></category>
		<category><![CDATA[Paul Miller]]></category>
		<category><![CDATA[Peter Evensen]]></category>
		<category><![CDATA[Ralf Bedranowsky]]></category>
		<category><![CDATA[Rickmers]]></category>
		<category><![CDATA[Ronny Bjornadal]]></category>
		<category><![CDATA[Sean Durkin]]></category>
		<category><![CDATA[Seanergy]]></category>
		<category><![CDATA[Sheldon Goldman]]></category>
		<category><![CDATA[Simon Rose]]></category>
		<category><![CDATA[TAL International]]></category>
		<category><![CDATA[TCC]]></category>
		<category><![CDATA[Ted Petrone]]></category>
		<category><![CDATA[Teekay]]></category>
		<category><![CDATA[Ultrapetrol]]></category>
		<category><![CDATA[Watson]]></category>
		<category><![CDATA[Wolfe Trahan & Co.]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9446</guid>
		<description><![CDATA[Our Chairman’s promotions are sheer artistry and we constantly marvel at these masterful gems. Of course, there are issues with punctuation but why let that get in the way of a great pitch. The amazing thing is that despite his protests otherwise, he really does get it. Our problem is that he is rubbing off on us and we are moving from analytical and objective to the dark side where it’s all about the love as both Matt and he are fond of saying. In the case of this year’s Marine Money week, there is no doubt we got it right. The numbers speak for themselves. This year we went out on a limb denoting the theme as the Comeback or Confidence Returns to Ship Finance. Whether or not that was the case and we believe it is, 1,078 registered guest wanted to hear the answer. This was a new record surpassing 2008’s 1042 guests. Uncertainty + optimism trump a boom.]]></description>
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		</item>
		<item>
		<title>Notes from the Center of the Shipping Universe</title>
		<link>http://www.marine-money.com/archive/notes-from-the-center-of-the-shipping-universe</link>
		<comments>http://www.marine-money.com/archive/notes-from-the-center-of-the-shipping-universe#comments</comments>
		<pubDate>Thu, 01 Oct 2009 19:24:06 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[CMA-CGM]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Zim]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6338</guid>
		<description><![CDATA[The waters around Singapore are littered with parked tonnage, while the vibrant nation's skyline grows and changes daily as construction on new office towers, casinos, amusement parks, mass transit projects continues 24 hours a day. There is a dull roar of cranes, jackhammers and steel against steel always in the background. 
 
It is clear in Asia that demand is not likely to be shipping's problem, as growth numbers indicate a steady rebound of trade, led by China and many of its vibrant Asian neighbors.  But as HSH Nordbank’s Mattias Umlauf told a full Marine Money Singapore Week conference crowd]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Danaos Re-jiggers</title>
		<link>http://www.marine-money.com/archive/danaos-re-jiggers</link>
		<comments>http://www.marine-money.com/archive/danaos-re-jiggers#comments</comments>
		<pubDate>Thu, 30 Apr 2009 14:19:57 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[anjin Heavy Industries]]></category>
		<category><![CDATA[China Shipbuilding Trading Company]]></category>
		<category><![CDATA[Danaos]]></category>
		<category><![CDATA[Deutsche Schiffsbank]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=5503</guid>
		<description><![CDATA[In its first quarter report, <strong>Danaos </strong>provided further clarification with respect to the re-arranged delivery schedule of its newbuildings. <strong>China Shipbuilding Trading Company</strong> agreed to delay by 200 days on average the delivery of five 8,530 TEU containerships currently under construction. In addition H<strong>anjin Heavy Industries</strong> agreed to delay the deliveries of five 6,500 TEU and the five 3,400 TEU containerships under construction by approximately one quarter each. In terms of the schedule, as of today, Danaos is expecting to take delivery of six vessels this year, twelve in 2010, of which three can rollover to the following year as]]></description>
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