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	<title>Marine Money Archives &#187; Mitsubishi UFJ</title>
	<atom:link href="http://www.marine-money.com/archive/tag/mitsubishi-ufj/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>Syndicated Market Continues on Track</title>
		<link>http://www.marine-money.com/archive/syndicated-market-continues-on-track</link>
		<comments>http://www.marine-money.com/archive/syndicated-market-continues-on-track#comments</comments>
		<pubDate>Thu, 12 Jan 2012 17:10:05 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[ABN AMRO]]></category>
		<category><![CDATA[AP Moller-Maersk]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11820</guid>
		<description><![CDATA[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. ]]></description>
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		</item>
		<item>
		<title>Transocean goes All-In Raising $1.08 billion in Equity and $2.5 billion in Debt</title>
		<link>http://www.marine-money.com/archive/transocean-goes-all-in-raising-1-08-billion-in-equity-and-2-5-billion-in-debt</link>
		<comments>http://www.marine-money.com/archive/transocean-goes-all-in-raising-1-08-billion-in-equity-and-2-5-billion-in-debt#comments</comments>
		<pubDate>Thu, 15 Dec 2011 18:46:49 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Aker Drilling ASA]]></category>
		<category><![CDATA[Barclays Capital]]></category>
		<category><![CDATA[Canaccord Genuity]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Credit Agricole]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[DnB Markets]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Scott Burk]]></category>
		<category><![CDATA[Standard Chartered]]></category>
		<category><![CDATA[Transocean Inc.]]></category>
		<category><![CDATA[Transocean Ltd]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11463</guid>
		<description><![CDATA[During the last days of November, Transocean Ltd re-jiggered its balance sheet through an equity follow-on offering and the issuance of serial bonds. First up was the follow-on offering for 26 million shares with a green shoe of a further 3.9 million shares. The offering was priced, through an accelerated bookbuilding process, at $40.50/share (based upon an exchange rate of CHF 0.9215/USD), a discount of 11.8% from the prior day’s closing price when the offering was announced. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Reverting to the Mean?</title>
		<link>http://www.marine-money.com/archive/reverting-to-the-mean</link>
		<comments>http://www.marine-money.com/archive/reverting-to-the-mean#comments</comments>
		<pubDate>Thu, 14 Jul 2011 15:14:33 +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[Alpha Star Equities]]></category>
		<category><![CDATA[Axis Bank]]></category>
		<category><![CDATA[Bank of Taiwan]]></category>
		<category><![CDATA[BW Offshore]]></category>
		<category><![CDATA[Carnival Cruise]]></category>
		<category><![CDATA[Carolina Marine]]></category>
		<category><![CDATA[Chinatrust Commercial Bank]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[IDBI Bank]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[Mega International Commercial Bank]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Prosafe Production]]></category>
		<category><![CDATA[SBI Capital Markets]]></category>
		<category><![CDATA[SMBC]]></category>
		<category><![CDATA[Swedbank Markets]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10487</guid>
		<description><![CDATA[Last week, Dealogic published its Bookrunner and MLA Tables for Syndicated Marine Finance Loans for the first half of 2011 and while growth is clearly evident, there is a noticeable defining trend. The offshore services sector, given its strength and capital requirements, is taking on a far more meaningful role.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>And the Winner is….the Syndication Market</title>
		<link>http://www.marine-money.com/archive/and-the-winner-is%e2%80%a6-the-syndication-market-2</link>
		<comments>http://www.marine-money.com/archive/and-the-winner-is%e2%80%a6-the-syndication-market-2#comments</comments>
		<pubDate>Thu, 13 Jan 2011 15:49:31 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10069</guid>
		<description><![CDATA[Last quarter, we went out on a limb, a pretty sturdy one we must confess, and called a turn in the downward trend in the syndication market, based upon a 9.8% increase in volume. Thankfully, we were correct, but the result was unexpected. According to Dealogic, for the twelve months ending in 2010, total syndicated shipping volume was $50.06 billion, an increase of 53.2% over 2009. The ancillary data provided by Dealogic strongly supports this revival, as well as an improving credit environment. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>And the Winner is….the Syndication Market</title>
		<link>http://www.marine-money.com/archive/and-the-winner-is%e2%80%a6-the-syndication-market</link>
		<comments>http://www.marine-money.com/archive/and-the-winner-is%e2%80%a6-the-syndication-market#comments</comments>
		<pubDate>Thu, 13 Jan 2011 15:26:34 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[BNP Paribas]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10020</guid>
		<description><![CDATA[Last quarter, we went out on a limb, a pretty sturdy one we must confess, and called a turn in the downward trend in the syndication market, based upon a 9.8% increase in volume. Thankfully, we were correct, but the result was unexpected. According to Dealogic, for the twelve months ending in 2010, total syndicated shipping volume was $50.06 billion, an increase of 53.2% over 2009. The ancillary data provided by Dealogic strongly supports this revival, as well as an improving credit environment. ]]></description>
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		<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>
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		</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>
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		</item>
		<item>
		<title>The More Things Change; the More They Stay the Same, Relatively Speaking</title>
		<link>http://www.marine-money.com/archive/the-more-things-change-the-more-they-stay-the-same-relatively-speaking</link>
		<comments>http://www.marine-money.com/archive/the-more-things-change-the-more-they-stay-the-same-relatively-speaking#comments</comments>
		<pubDate>Thu, 08 Apr 2010 18:09:48 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[SMBC]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8824</guid>
		<description><![CDATA[Last year, we began our discussion of Dealogic’s 1Q 2009 Syndicated Shipping Loans Tables with the following sentence: “A quarter, particularly the first one, does not make a year, but according to the first quarter Dealogic tables, which we received today, the axis of the ship finance world has tipped eastward.”  However, we also should have recalled from our studies of Eastern religions that nothing is permanent and the world is forever changing. In a diminished quarter, in volume terms, the Europeans have come back, but still the number one spot in both the Bookrunner and MLA table has gone to a Japanese bank, Mizuho, followed by perennial leaders DnB NOR and Nordea. Mizuho’s finish is an outstanding accomplishment having moved up from the middle of the pack to pass it’s main local competitors, SMBC and Mitsubishi UFJ. Despite a fair amount of movement in the standings, it is still early in the year and we are not ready to make a call with respect to the earth’s axis. We leave you to peruse the tables and make your own judgments with respect to how the banks finished.]]></description>
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		</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>
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		</item>
		<item>
		<title>No Surprises This Quarter Either</title>
		<link>http://www.marine-money.com/archive/no-surprises-this-quarter-either</link>
		<comments>http://www.marine-money.com/archive/no-surprises-this-quarter-either#comments</comments>
		<pubDate>Thu, 08 Oct 2009 19:59:13 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Bluewater]]></category>
		<category><![CDATA[Bluewater Holding]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Carnival]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[NYK]]></category>
		<category><![CDATA[SMBC]]></category>
		<category><![CDATA[Tidewater]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6348</guid>
		<description><![CDATA[On Wednesday, <strong>Dealogic</strong> released its Bookrunner and MLA Tables for Syndicated Shipping Loans for the 9 months 2009. As expected, total volume and transactions were well down from the prior year. Total deal volume was $25.6 billion in 85 transactions compared to $72.2 billion in 263 transactions over the same period in 2008, confirming what we hear anecdotally. In percentage terms, the nine-month decline was 64.5%, which was less than the quarter over quarter reduction of 73.9% suggesting relief is not yet in sight. ]]></description>
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