http://www.marine-money.com The Ship Finance Publication Of Record Mon, 16 Jan 2012 04:04:51 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 http://www.marine-money.com/archive/busy-week-in-the-capital-markets http://www.marine-money.com/archive/busy-week-in-the-capital-markets#comments Thu, 31 Mar 2011 14:52:29 +0000 marinemoney http://www.marine-money.com/?p=10220 http://www.marine-money.com/archive/busy-week-in-the-capital-markets/feed 0 http://www.marine-money.com/archive/no-hype-we-delivered http://www.marine-money.com/archive/no-hype-we-delivered#comments Thu, 24 Jun 2010 21:33:08 +0000 marinemoney http://www.marine-money.com/?p=9446 http://www.marine-money.com/archive/no-hype-we-delivered/feed 0 http://www.marine-money.com/archive/wedding-season-or-offshore-consolidation-takes-two-giant-steps http://www.marine-money.com/archive/wedding-season-or-offshore-consolidation-takes-two-giant-steps#comments Thu, 24 Jun 2010 21:27:32 +0000 marinemoney http://www.marine-money.com/?p=9442 http://www.marine-money.com/archive/wedding-season-or-offshore-consolidation-takes-two-giant-steps/feed 0 http://www.marine-money.com/archive/dismantling http://www.marine-money.com/archive/dismantling#comments Thu, 17 Jun 2010 14:16:51 +0000 marinemoney http://www.marine-money.com/?p=9343 http://www.marine-money.com/archive/dismantling/feed 0 http://www.marine-money.com/archive/a-wisp-of-spring http://www.marine-money.com/archive/a-wisp-of-spring#comments Thu, 11 Feb 2010 20:41:55 +0000 carisk http://marine-money.com/?p=8600 http://www.marine-money.com/archive/a-wisp-of-spring/feed 0 http://www.marine-money.com/archive/all-eyes-are-on-genmar http://www.marine-money.com/archive/all-eyes-are-on-genmar#comments Thu, 05 Nov 2009 16:43:23 +0000 carisk http://marine-money.com/?p=6418 General Maritime’s dynamic duo, Messrs Georgiopoulos and Pribor are on the road marketing their $300 million senior unsecured notes offering due in 2017 and so, while they are busy selling we thought we would take a read of the high yield market. Earlier this week, Navios Maritime Holdings closed its successful $400 million private offering of first priority ship mortgage notes due in 2017. Rated BB-/Ba3, the coupon on the notes was 8.875% and was priced to yield 9.125%. The company escrowed $105 million of the proceeds to provide additional financing to complete the purchase of]]> http://www.marine-money.com/archive/all-eyes-are-on-genmar/feed 0 http://www.marine-money.com/archive/hard-numbers http://www.marine-money.com/archive/hard-numbers#comments Thu, 06 Nov 2008 15:31:30 +0000 carisk http://marine-money.com/?p=4434 Genco Bites the Bullet On Tuesday, Genco Shipping & Trading (“Genco”) made the correct but painful decision to cancel the previously announced acquisition of six dry bulk newbuildings, including three Capesize and three handysize vessels, from Lambert Navigation et.al., at an aggregate purchase price of $530 million. As part of the agreement, the sellers will retain the deposits totaling $53 million. The three Capesize vessels and three Handysize vessels are being constructed in the Daehan and Jinse shipyards in South Korea, with deliveries commencing in the 4th quarter 2008 (two Handysize) through 2009. By foregoing the delivery of the vessels, the company, according to John Wobensmith, will strengthen its]]> http://www.marine-money.com/archive/hard-numbers/feed 0 http://www.marine-money.com/archive/sub-prime-potential http://www.marine-money.com/archive/sub-prime-potential#comments Thu, 11 Sep 2008 20:47:12 +0000 carisk http://marine-money.com/?p=4812 http://www.marine-money.com/archive/sub-prime-potential/feed 0 http://www.marine-money.com/archive/who%e2%80%99s-lending http://www.marine-money.com/archive/who%e2%80%99s-lending#comments Thu, 11 Sep 2008 20:46:13 +0000 carisk http://marine-money.com/?p=4809 Nordea and DnB, having escaped the subprime debacle, continue to build market share. Other European banks remain somewhat constrained lacking the support of their central banks. In Germany, we understand HSH Nordbank is very active and now taking a look at the offshore business]]> http://www.marine-money.com/archive/who%e2%80%99s-lending/feed 0 http://www.marine-money.com/archive/transaction-report-2 http://www.marine-money.com/archive/transaction-report-2#comments Thu, 29 May 2008 12:25:14 +0000 carisk http://marine-money.com/?p=3501 http://www.marine-money.com/archive/transaction-report-2/feed 0