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	<title>Marine Money Archives &#187; Nordea</title>
	<atom:link href="http://www.marine-money.com/archive/tag/nordea/feed" rel="self" type="application/rss+xml" />
	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
	<lastBuildDate>Mon, 16 Jan 2012 04:04:51 +0000</lastBuildDate>
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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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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Risk Off? – Frontline Closes within its Self-Imposed Deadline</title>
		<link>http://www.marine-money.com/archive/risk-off-%e2%80%93-frontline-closes-within-its-self-imposed-deadline</link>
		<comments>http://www.marine-money.com/archive/risk-off-%e2%80%93-frontline-closes-within-its-self-imposed-deadline#comments</comments>
		<pubDate>Thu, 05 Jan 2012 16:52:42 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[DHT Holdings Inc.]]></category>
		<category><![CDATA[Frontline]]></category>
		<category><![CDATA[Frontline 2012]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Ship Finance International]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11795</guid>
		<description><![CDATA[While not a joyous conclusion to the year, the announcement of the successful completion of the restructuring of Frontline does at the very least bring a sigh of relief to all the parties involved. While we have covered the details of the transaction in prior issues, we would highlight the following key elements.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Scorpio’s Opportunistic Equity Funding</title>
		<link>http://www.marine-money.com/archive/scorpio%e2%80%99s-opportunistic-equity-funding</link>
		<comments>http://www.marine-money.com/archive/scorpio%e2%80%99s-opportunistic-equity-funding#comments</comments>
		<pubDate>Thu, 01 Dec 2011 16:31:08 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Fearnley Fonds ASA]]></category>
		<category><![CDATA[Harald Serck-Hansen]]></category>
		<category><![CDATA[HSH Nordbank]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Robin Das]]></category>
		<category><![CDATA[Scorpio Tankers Inc.]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11358</guid>
		<description><![CDATA[Utilizing its earlier $500 million existing shelf registration, Scorpio Tankers, Inc. announced yesterday a follow-on offering of 7 million shares, with Morgan Stanley acting as sole book-running manager and Fearnley Fonds ASA as co-manager. The shares closed that night at $6.66 and were priced today at $5.50/share, a discount of 17.4%, raising gross proceeds of $38.5 million. A member of the insider Lolli-Ghetti family was allocated 700 thousand of the shares.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/scorpio%e2%80%99s-opportunistic-equity-funding/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>C-Gas or B-Gas, it still gets an A – The Acquisition of Eitzen Gas</title>
		<link>http://www.marine-money.com/archive/c-gas-or-b-gas-it-still-gets-an-a-%e2%80%93-the-acquisition-of-eitzen-gas</link>
		<comments>http://www.marine-money.com/archive/c-gas-or-b-gas-it-still-gets-an-a-%e2%80%93-the-acquisition-of-eitzen-gas#comments</comments>
		<pubDate>Thu, 27 Oct 2011 16:13:08 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[B-Gas Limited]]></category>
		<category><![CDATA[Camillo Eitzen & Co. ASA]]></category>
		<category><![CDATA[Eitzen Ethylene Carriers]]></category>
		<category><![CDATA[Eitzen Gas A/S]]></category>
		<category><![CDATA[JACCAR Holdings]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Pareto Project Finance AS]]></category>
		<category><![CDATA[V. Ships]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11151</guid>
		<description><![CDATA[Last Friday, Camillo Eitzen &#038; Co. ASA (“CECO”) announced that the sale of Eitzen’s owned semi-re fleet, its 100% interest in Eitzen Gas A/S and the back to back lease of five pressurized LPG vessels to B-Gas Limited, an investment company established by Pareto Project Finance AS, had been concluded on terms materially similar to those announced in July. It is the nearly the end of CECO’s adventure in gas, which will leave them with a book profit on this transaction of $12 million and a 20% interest in Eitzen Ethylene Carriers, which will be acquired by Jaccar Holdings by the end of this month.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/c-gas-or-b-gas-it-still-gets-an-a-%e2%80%93-the-acquisition-of-eitzen-gas/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FPSO Cidade de Paratay Contracted and Financing Arranged</title>
		<link>http://www.marine-money.com/archive/fpso-cidade-de-paratay-contracted-and-financing-arranged</link>
		<comments>http://www.marine-money.com/archive/fpso-cidade-de-paratay-contracted-and-financing-arranged#comments</comments>
		<pubDate>Thu, 21 Jul 2011 18:53:49 +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[BG Group]]></category>
		<category><![CDATA[BTMU]]></category>
		<category><![CDATA[CIC]]></category>
		<category><![CDATA[DBJ]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[ING Bank]]></category>
		<category><![CDATA[ITOCHU Corporation]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[Natixis]]></category>
		<category><![CDATA[Nippon Yusen Kabushiki Kaisha]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Petrobras SA]]></category>
		<category><![CDATA[Petrogal Brasil Ltda]]></category>
		<category><![CDATA[Queiroz Galvao Oleo e Gas S.A.]]></category>
		<category><![CDATA[Rabobank]]></category>
		<category><![CDATA[SBM Offshore N.V.]]></category>
		<category><![CDATA[SMBC]]></category>
		<category><![CDATA[Standard Chartered]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10516</guid>
		<description><![CDATA[Last week, a joint venture comprised of SBM Offshore N.V., Queiroz Galvao Oleo e Gas S.A. (“QGOG”), Nippon Yusen Kabushiki Kaisha (“NYK”) and ITOCHU Corporation announced that it, together with QGOG, had entered into 20-year charter and operating agreements with BM-S-11 Consortium, owned 65% by Petrobras SA (Operator), 25% by BG Group, and 10% by Petrogal Brasil Ltda, for the operation of the FPSO Cidade de Paratay on the Lula Nordeste field. This field is located in block BM-S-11 in the Santos basin in the pre-salt area offshore Brazil in water depths of 2,100 meters.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Marrying the Bankers’ Greatest Nightmare with the Advisors’ Dream – Omega Navigation Files Chapter 11</title>
		<link>http://www.marine-money.com/archive/marrying-the-bankers%e2%80%99-greatest-nightmare-with-the-advisors%e2%80%99-dream-%e2%80%93-omega-navigation-files-chapter-11</link>
		<comments>http://www.marine-money.com/archive/marrying-the-bankers%e2%80%99-greatest-nightmare-with-the-advisors%e2%80%99-dream-%e2%80%93-omega-navigation-files-chapter-11#comments</comments>
		<pubDate>Thu, 14 Jul 2011 15:21:47 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BTMU]]></category>
		<category><![CDATA[Eastwind]]></category>
		<category><![CDATA[HSH Nordbank]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[NIBC]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Omega Management]]></category>
		<category><![CDATA[Omega Navigation Enterprises Inc.]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10499</guid>
		<description><![CDATA[Last Friday, after the markets closed, Omega Navigation Enterprises Inc. announced that it along with certain subsidiaries had filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. The filing seeks protection for the publicly listed company and all of its 100% owned vessel owning companies. Excluded from the filing is the company’s technical vessel manager, Omega Management, Inc. as well as two subsidiaries which hold part interests in five on the water vessels and two newbuildings under construction.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Straightforward Solution – The Banks Express Confidence in Genmar</title>
		<link>http://www.marine-money.com/archive/straightforward-solution-%e2%80%93-the-banks-express-confidence-in-genmar</link>
		<comments>http://www.marine-money.com/archive/straightforward-solution-%e2%80%93-the-banks-express-confidence-in-genmar#comments</comments>
		<pubDate>Thu, 14 Jul 2011 15:20:41 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[General Maritime Corporation]]></category>
		<category><![CDATA[Jeff Pribor]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Oaktree Capital]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10497</guid>
		<description><![CDATA[On Wednesday, General Maritime Corporation announced that it had amended its $550 million revolving credit facility and its $372 million senior secured credit facility, each led by Nordea and DnB NOR as well as its $200 million facility with Oaktree Capital to reduce the minimum cash covenant. Under the agreed terms, the minimum cash and cash equivalent balance and revolver availability is reduced from $50 million to $35 million through December 31, 2011, which amount steps up to $40 million through March 31, 2012. Subsequent to the latter date, the original terms apply. In the case of the Oaktree facility only a 10% cushion in Genmar’s favor applies.]]></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>Batten Down the Hatches – Hoegh LNG Finds It Isn’t that Easy</title>
		<link>http://www.marine-money.com/archive/batten-down-the-hatches-%e2%80%93-hoegh-lng-finds-it-isn%e2%80%99t-that-easy</link>
		<comments>http://www.marine-money.com/archive/batten-down-the-hatches-%e2%80%93-hoegh-lng-finds-it-isn%e2%80%99t-that-easy#comments</comments>
		<pubDate>Thu, 07 Jul 2011 15:09:02 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[ABG Sundal Collier]]></category>
		<category><![CDATA[Danske Bank]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Hoegh LNG Holdings Limited]]></category>
		<category><![CDATA[Leif Hoegh & Co. Ltd]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Pareto]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10479</guid>
		<description><![CDATA[Despite being the hottest sector in shipping, Hoegh LNG Holdings Limited encountered headwinds in its initial public offering. The company hoped initially to sell 15-25 million shares at a price range of NOK 38 to 54 in order to raise gross proceeds of approximately NOK 810 million to NOK 945 million ($198-282 million). As part of the offering, which consisted of an institutional tranche, a retail piece in Norway and an employee offering in Norway, Leif Hoegh &#038; Co. Ltd, the parent agreed to subscribe for up to $20 million worth of shares to maintain a minimum 55% interest post-IPO and over-allotment option.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Sizeable Deal and the Power of the Press – Euronav Facility</title>
		<link>http://www.marine-money.com/archive/a-sizeable-deal-and-the-power-of-the-press-%e2%80%93-euronav-facility</link>
		<comments>http://www.marine-money.com/archive/a-sizeable-deal-and-the-power-of-the-press-%e2%80%93-euronav-facility#comments</comments>
		<pubDate>Thu, 30 Jun 2011 14:55:38 +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[Banque LBLux]]></category>
		<category><![CDATA[Credit Agricole]]></category>
		<category><![CDATA[Danish Ship Finance]]></category>
		<category><![CDATA[Danske Bank]]></category>
		<category><![CDATA[Dexia Bank Belgium]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Euronav NV]]></category>
		<category><![CDATA[Fortis Bank]]></category>
		<category><![CDATA[Harald Serck-Hansens]]></category>
		<category><![CDATA[ING Belgium]]></category>
		<category><![CDATA[ITF International Transport Finance]]></category>
		<category><![CDATA[KBC Bank]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[ScotiaBank (Ireland)]]></category>
		<category><![CDATA[Skandinaviska Enskilda Banken]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10459</guid>
		<description><![CDATA[It should come as no surprise that while the banks continue to be active, there still remains uncertainty. The banks seem to have capacity but the shipping markets are not cooperating and continued deterioration will continue to make things difficult.  We were reminded of DnB Nor’s Harald Serck-Hansens’s comments at his bank’s conference earlier this year where he highlighted this possibility and encouraged owners to tap the market while they can.]]></description>
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