<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Marine Money Archives &#187; Nordic American Tankers</title>
	<atom:link href="http://www.marine-money.com/archive/tag/nordic-american-tankers/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>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
		<item>
		<title>We Don’t Need No Equity</title>
		<link>http://www.marine-money.com/archive/we-don%e2%80%99t-need-no-equity</link>
		<comments>http://www.marine-money.com/archive/we-don%e2%80%99t-need-no-equity#comments</comments>
		<pubDate>Thu, 12 Aug 2010 21:32:24 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9493</guid>
		<description><![CDATA[In contrast, Nordic American Tankers, in its report for the 2nd  quarter, announced that it has ample financial capacity to increase its fleet to 24 vessels (currently the company has 16 vessels on the water and 4 newbuildings to be delivered in 2010/2011), based upon today’s ship values, without tapping the equity markets.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/we-don%e2%80%99t-need-no-equity/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Same Deal Just a Bit More Opaque For Now</title>
		<link>http://www.marine-money.com/archive/same-deal-just-a-bit-more-opaque-for-now</link>
		<comments>http://www.marine-money.com/archive/same-deal-just-a-bit-more-opaque-for-now#comments</comments>
		<pubDate>Thu, 08 Jul 2010 19:16:51 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Bernard Schulte Ship Management]]></category>
		<category><![CDATA[Bob Burke]]></category>
		<category><![CDATA[Heidmar Inc.]]></category>
		<category><![CDATA[Herbjorn Hansson]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Ridgebury Tankers]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9381</guid>
		<description><![CDATA[Not to be defeated, Bob Burke’s Ridgebury Tankers is back on its feet shaking off the lukewarm reception from the 144A institutional market. Changing its focus, Ridgebury filed a preliminary prospectus for an IPO after the market closed Friday. Although details for the moment are scarce, the deal structure remains virtually unchanged except for the fact that that the three Teekay Suezmaxes are no longer part of the deal, creating a void that needs to be filled. We expect that specific vessels will be identified prior to the road show. ]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/same-deal-just-a-bit-more-opaque-for-now/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shareholder Activism</title>
		<link>http://www.marine-money.com/archive/shareholder-activism</link>
		<comments>http://www.marine-money.com/archive/shareholder-activism#comments</comments>
		<pubDate>Thu, 04 Mar 2010 18:54:14 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[DHT Maritime]]></category>
		<category><![CDATA[Einar Michael Steimler]]></category>
		<category><![CDATA[Erik Lind]]></category>
		<category><![CDATA[Euronav]]></category>
		<category><![CDATA[Frontline]]></category>
		<category><![CDATA[General Maritime]]></category>
		<category><![CDATA[Knightsbridge Tankers]]></category>
		<category><![CDATA[Lifflander]]></category>
		<category><![CDATA[MMI Investments L.P.]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Oceanfreight]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[Robert Cowen]]></category>
		<category><![CDATA[ship finance]]></category>
		<category><![CDATA[Tanker (UK) Agencies]]></category>
		<category><![CDATA[Teekay]]></category>
		<category><![CDATA[Tsakos Energy]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8713</guid>
		<description><![CDATA[Last December, we wrote about MMI Investments L.P.’s investment in DHT Maritime. At that time this activist shareholder had purchased approximately 3.95 million shares, representing approximately 8.1% of the outstanding shares for $15.6 million.  At the conclusion of our article, we presciently suggested that the company should soon expect a call. This week, with its ownership stake increased to 4.325 million shares now representing 8.9%, MMI fired its broadside. ]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/shareholder-activism/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Earnings Season Continues</title>
		<link>http://www.marine-money.com/archive/earnings-season-continues</link>
		<comments>http://www.marine-money.com/archive/earnings-season-continues#comments</comments>
		<pubDate>Thu, 13 Aug 2009 16:01:41 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Crack in the Armor]]></category>
		<category><![CDATA[CSAV]]></category>
		<category><![CDATA[Delphin Shipping]]></category>
		<category><![CDATA[Eagle]]></category>
		<category><![CDATA[Eagle Bulk Shipping]]></category>
		<category><![CDATA[Hapag-Lloyd]]></category>
		<category><![CDATA[Herbjorn Hansson]]></category>
		<category><![CDATA[Kelso Investment Associates VII]]></category>
		<category><![CDATA[Mr. Economou]]></category>
		<category><![CDATA[Mr. Zoullas]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>
		<category><![CDATA[Seaspan]]></category>
		<category><![CDATA[TBS International]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6209</guid>
		<description><![CDATA[We continue to admire our analyst friends, who four times a year have to pore through the company financial reports, analyze them and update their models to fine tune their calls. With the greater disclosure there is much work to be done during these periods and we are happy to leave it to them. We, on the other hand, prefer to give the earnings releases a quick review in search of items of interest to us, which we think provide broader general insights both to the companies themselves as well as the industry. What follows is a selection of these]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/earnings-season-continues/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>WKSI No More</title>
		<link>http://www.marine-money.com/archive/wksi-no-more</link>
		<comments>http://www.marine-money.com/archive/wksi-no-more#comments</comments>
		<pubDate>Thu, 05 Mar 2009 13:29:07 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Alexander & Baldwin]]></category>
		<category><![CDATA[Diana Shipping]]></category>
		<category><![CDATA[Eagle Bulk Shipping]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Oppenheimer]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[Scott Burk]]></category>
		<category><![CDATA[Teekay]]></category>
		<category><![CDATA[Teekay LNG]]></category>
		<category><![CDATA[UBS Securities]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=5243</guid>
		<description><![CDATA[Perhaps one of the least painful but aggravating aspects of the share price collapse of the shipping stocks is the loss of one’s “well-known seasoned issuer” or WKSI qualification. When the company’s market cap falls below $700 million, the company no longer is a universal filer but must register as you go. For perspective, as of Tuesday, only <strong>Teekay</strong>, <strong>Teekay LNG</strong>, <strong>Nordic American Tankers</strong>, <strong>Diana Shipping</strong> and <strong>Alexander &#038; Baldwin </strong>were qualified. <strong>OSG</strong> just missed at $641 million. 
 
On Tuesday, <strong>Eagle Bulk Shipping </strong>filed a universal shelf offering to issue $500 million of debt or equity securities together with a prospectus supplement in which it disclosed it had entered into an equity distribution agreement with <strong>UBS Securities</strong>. Under the terms of the agreement, UBS will use its best efforts]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/wksi-no-more/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NATS Completes Follow-on, TBSI Goes into the Market</title>
		<link>http://www.marine-money.com/archive/nats-completes-follow-on-tbsi-goes-into-the-market</link>
		<comments>http://www.marine-money.com/archive/nats-completes-follow-on-tbsi-goes-into-the-market#comments</comments>
		<pubDate>Fri, 16 May 2008 06:42:08 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Banc of America]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Double Hull Tankers]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Pacific Basin]]></category>
		<category><![CDATA[Seaspan]]></category>
		<category><![CDATA[TBS International]]></category>
		<category><![CDATA[Teekay LNG]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=3521</guid>
		<description><![CDATA[Following successful follow-on offerings by Seaspan, Teekay LNG, and Double Hull Tankers and a placement by Pacific Basin, Nordic American Tankers has seen it fit to raise equity to repay borrowings in the immediate future and for expansion in the longer- term, per its business model. NAT has sold 4,000,000 common shares in the offering and underwriters’ have exercised their option for a 310,000 share over-allotment, raising $173 million in gross proceeds. Morgan Stanley led the offering while Dahlman Rose acted as co-manager.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/nats-completes-follow-on-tbsi-goes-into-the-market/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sentiment Turns</title>
		<link>http://www.marine-money.com/archive/sentiment-turns</link>
		<comments>http://www.marine-money.com/archive/sentiment-turns#comments</comments>
		<pubDate>Thu, 17 Apr 2008 08:07:12 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Corbin Robertson III]]></category>
		<category><![CDATA[Cristijn Sarvaas]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[Danske Bank]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[EXCEL]]></category>
		<category><![CDATA[Fairstar Heavy Transport]]></category>
		<category><![CDATA[George Economou]]></category>
		<category><![CDATA[Hans Mende]]></category>
		<category><![CDATA[Heidmar]]></category>
		<category><![CDATA[ICON Capital]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Paul Cornell]]></category>
		<category><![CDATA[Peter Georgiopoulos]]></category>
		<category><![CDATA[Petrofin]]></category>
		<category><![CDATA[Quintana]]></category>
		<category><![CDATA[Raymond James]]></category>
		<category><![CDATA[Rickmers]]></category>
		<category><![CDATA[Seaspan]]></category>
		<category><![CDATA[Stamatis Molaris]]></category>
		<category><![CDATA[Ted Petropoulos]]></category>
		<category><![CDATA[Teekay LNG]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[Vroon]]></category>
		<category><![CDATA[Wachovia]]></category>
		<category><![CDATA[YANG MING]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=3545</guid>
		<description><![CDATA[In a welcome turn of events, the market was resoundingly upbeat this week. The pace of transactions picked up notably across sectors, and we can’t help but view this as a positive sign for the financing market going forward.

On the M&#038;A front Excel and Quintana successfully closed their merger. Each issued and outstanding share of Quintana common stock was converted into the right to receive $13.00 in cash and 0.3979 Excel Class A common shares. The merger creates a combined company that oper­ates a fleet of 47 vessels with a total carrying capacity of approximately 3.7 million DWT and an average age of approximately eight years. Stamatis Molaris stepped into the role of CEO of the combined company, while Hans Mende, Corbin Robertson III and Paul Cornell joined its board of directors. We were happy to hear that the deal was executed smoothly. Moreover, Nordea and the under­writing team were successful in syndicating the debt levels required to make the deal possible – without needing to bring market flex provisions into play.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/sentiment-turns/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Eagle Bulk: Coming to Market at 200% of Net Asset Value</title>
		<link>http://www.marine-money.com/archive/eagle-bulk-coming-to-market-at-200-of-net-asset-value</link>
		<comments>http://www.marine-money.com/archive/eagle-bulk-coming-to-market-at-200-of-net-asset-value#comments</comments>
		<pubDate>Thu, 09 Jun 2005 16:32:13 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Equity]]></category>
		<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Arlington Tankers]]></category>
		<category><![CDATA[Bear Stearns]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[CSFB]]></category>
		<category><![CDATA[Diana]]></category>
		<category><![CDATA[Eagle Bulk Shipping]]></category>
		<category><![CDATA[Knightsbridge Tankers]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[V. Ships]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8369</guid>
		<description><![CDATA[In what we think is a truly defining moment in history of shipping and the capital markets, Eagle Bulk Shipping began its roadshow this week to raise approximately $255 million of equity against a fleet of 11 handymax bulk carriers. We don’t mean to be histrionic here, but we think the valuation of Eagle will strongly influence the dozen other dry bulk deals queued up to come to market.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/eagle-bulk-coming-to-market-at-200-of-net-asset-value/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Quintana – Wall Street Mining Wall Street</title>
		<link>http://www.marine-money.com/archive/quintana-%e2%80%93-wall-street-mining-wall-street-2</link>
		<comments>http://www.marine-money.com/archive/quintana-%e2%80%93-wall-street-mining-wall-street-2#comments</comments>
		<pubDate>Thu, 05 May 2005 21:02:14 +0000</pubDate>
		<dc:creator>jilllaw</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[American Metals & Coal International]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Corby Robertson]]></category>
		<category><![CDATA[Diana Shipping]]></category>
		<category><![CDATA[Eagle Bulk]]></category>
		<category><![CDATA[Exxon]]></category>
		<category><![CDATA[First Reserve of Greenwich]]></category>
		<category><![CDATA[Genco]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[Kelso]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Morgan Stanley Senior Funding]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Oak Tree Capital]]></category>
		<category><![CDATA[OMI]]></category>
		<category><![CDATA[Quintana Maritime]]></category>
		<category><![CDATA[Sovcomflot]]></category>
		<category><![CDATA[Stamatis Molaris]]></category>
		<category><![CDATA[Stelmar]]></category>
		<category><![CDATA[Top Tankers]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8046</guid>
		<description><![CDATA[A few weeks ago, we wrote an article in these pages called “Eagle Bulk – All About the Arbitrage.” The article outlined the recently filed S-1 for an IPO of handymax bulk carriers being offered by New York private equity fund Kelso. In this article, we discussed the concept of private equity funds buying ships just prior to, or even concurrent with, IPOs so that they could capture the arbitrage that exists between the value of ships in the private and public markets.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/quintana-%e2%80%93-wall-street-mining-wall-street-2/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Quintana – Wall Street Mining Wall Street</title>
		<link>http://www.marine-money.com/archive/quintana-%e2%80%93-wall-street-mining-wall-street</link>
		<comments>http://www.marine-money.com/archive/quintana-%e2%80%93-wall-street-mining-wall-street#comments</comments>
		<pubDate>Tue, 05 Apr 2005 20:53:14 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Equity]]></category>
		<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[American Metals & Coal International]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Corby Robertson]]></category>
		<category><![CDATA[Diana Shipping]]></category>
		<category><![CDATA[Eagle Bulk]]></category>
		<category><![CDATA[Exxon]]></category>
		<category><![CDATA[First Reserve of Greenwich]]></category>
		<category><![CDATA[Genco]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[Kelso]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Morgan Stanley Senior Funding]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Nordic American Tankers]]></category>
		<category><![CDATA[Oak Tree Capital]]></category>
		<category><![CDATA[OMI]]></category>
		<category><![CDATA[Quintana Maritime]]></category>
		<category><![CDATA[Sovcomflot]]></category>
		<category><![CDATA[Stamatis Molaris]]></category>
		<category><![CDATA[Stelmar]]></category>
		<category><![CDATA[Top Tankers]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8042</guid>
		<description><![CDATA[A few weeks ago, we wrote an article in these pages called “Eagle Bulk – All About the Arbitrage.” The article outlined the recently filed S-1 for an IPO of handymax bulk carriers being offered by New York private equity fund Kelso. In this article, we discussed the concept of private equity funds buying ships just prior to, or even concurrent with, IPOs so that they could capture the arbitrage that exists between the value of ships in the private and public markets.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/quintana-%e2%80%93-wall-street-mining-wall-street/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

