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/price-issue-resolved http://www.marine-money.com/archive/price-issue-resolved#comments Thu, 17 Jun 2010 14:20:28 +0000 marinemoney http://www.marine-money.com/?p=9347 http://www.marine-money.com/archive/price-issue-resolved/feed 0 http://www.marine-money.com/archive/markets-in-disarray http://www.marine-money.com/archive/markets-in-disarray#comments Thu, 27 May 2010 18:02:08 +0000 carisk http://www.marine-money.com/?p=9201 http://www.marine-money.com/archive/markets-in-disarray/feed 0 http://www.marine-money.com/archive/oceanfreight-fix http://www.marine-money.com/archive/oceanfreight-fix#comments Thu, 25 Mar 2010 19:51:12 +0000 carisk http://marine-money.com/?p=8774 http://www.marine-money.com/archive/oceanfreight-fix/feed 0 http://www.marine-money.com/archive/shareholder-activism http://www.marine-money.com/archive/shareholder-activism#comments Thu, 04 Mar 2010 18:54:14 +0000 carisk http://marine-money.com/?p=8713 http://www.marine-money.com/archive/shareholder-activism/feed 0 http://www.marine-money.com/archive/what%e2%80%99s-a-ship-worth http://www.marine-money.com/archive/what%e2%80%99s-a-ship-worth#comments Thu, 03 Dec 2009 16:45:53 +0000 carisk http://marine-money.com/?p=7691 http://www.marine-money.com/archive/what%e2%80%99s-a-ship-worth/feed 0 http://www.marine-money.com/archive/less-buzz-but%e2%80%a6%e2%80%a6%e2%80%a6%e2%80%a6more-business http://www.marine-money.com/archive/less-buzz-but%e2%80%a6%e2%80%a6%e2%80%a6%e2%80%a6more-business#comments Thu, 10 Sep 2009 18:27:19 +0000 carisk http://marine-money.com/?p=6270 Jefferies Conference was subdued with less buzz than previously. However, it was a marked improvement to last year’s event, which coincided with the collapse of Lehman Brothers. Then the shipping markets were still good but all eyes were focused on the Bloomberg screens awaiting developments, while discussions revolved around whether or not to buy gold. Today was different. The economy seems to be improving while the shipping markets struggle. Shipping’s main source of capital, bank debt, is rationed while the equity markets are offering hope. Today was the day for public shipping companies to plead]]> http://www.marine-money.com/archive/less-buzz-but%e2%80%a6%e2%80%a6%e2%80%a6%e2%80%a6more-business/feed 0 http://www.marine-money.com/archive/tops-share-sale http://www.marine-money.com/archive/tops-share-sale#comments Thu, 09 Jul 2009 19:38:19 +0000 carisk http://marine-money.com/?p=6098 Top Ships Inc. (“TOPS”) entered into a shelf registration to sell up to $500 million of common shares, preferred shares and warrants, including the sale of 70,462,300 common shares by selling shareholders. Contemporaneously, the company also entered into a Standby Equity Distribution Agreement (“SEDA”) with YA Global Master SPV LTD (“YA Global”), an investment vehicle managed by Yorkville Advisors LLC, who previously utilized a similar structure with OceanFreight. Under the latter agreement, which is sometimes referred to as an equity line of credit arrangement, TOPS has the option, for a three year period from the effective date of]]> http://www.marine-money.com/archive/tops-share-sale/feed 0 http://www.marine-money.com/archive/poor-uncle-needs-cash-what%e2%80%99s-a-good-nephew-to-do http://www.marine-money.com/archive/poor-uncle-needs-cash-what%e2%80%99s-a-good-nephew-to-do#comments Thu, 05 Feb 2009 20:59:41 +0000 carisk http://marine-money.com/?p=5137 Oppenheimer’s Scott Burk for highlighting OceanFreight’s plan to issue up to $147.9 million of common shares as part of an Standby Equity Purchase Agreement with YA Global Master SPV (“YA Global”) arranged by DVB Capital Markets. The transaction would be extremely dilutive to shareholders. If all $147.9 million of shares were sold at $3.83, the last reported price prior to the announcement, the company would have approximately 57.2 million shares outstanding which represents an increase of 208% in issued and outstanding shares. Mr. Burk’s suggests that although these proceeds could be used to shore up the balance sheet and increase the LTV covenant cushion it is not necessary. The company’s cash flow is sufficient to cover mandatory debt repayment obligations in 2009. Furthermore, he estimates]]> http://www.marine-money.com/archive/poor-uncle-needs-cash-what%e2%80%99s-a-good-nephew-to-do/feed 0 http://www.marine-money.com/archive/dividends-anyone http://www.marine-money.com/archive/dividends-anyone#comments Thu, 23 Oct 2008 20:58:13 +0000 carisk http://marine-money.com/?p=4604 OceanFreight declared its 3rd quarter dividend at the current level. And demonstrating even greater confidence, Navios Maritime Partners increased its 3rd quarter dividend by 10% and announced that the 4th quarter dividend would]]> http://www.marine-money.com/archive/dividends-anyone/feed 0 http://www.marine-money.com/archive/not-to-be-missed http://www.marine-money.com/archive/not-to-be-missed#comments Thu, 18 Sep 2008 15:39:03 +0000 carisk http://marine-money.com/?p=4488 Jefferies 5th Annual Shipping, Logistics & Offshore Services Conference on Tuesday and Wednesday. We must confess that walking in at the uncivilized hour of 8 AM to a sparse crowd and seeing Jefferies Magic Eight Balls gave us pause. Was Hamish making a market statement or was he merely giving investors a new forecasting tool? Our conclusion was probably both. Not surprisingly the early crowd was quiet and subdued, perhaps tired and/or overwhelmed by the 500 point drop in the Dow]]> http://www.marine-money.com/archive/not-to-be-missed/feed 0