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	<title>Marine Money Archives &#187; Ole Slorer</title>
	<atom:link href="http://www.marine-money.com/archive/tag/ole-slorer/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>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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		</item>
		<item>
		<title>Like a Good Neighbor, MSC Is There</title>
		<link>http://www.marine-money.com/archive/like-a-good-neighbor-msc-is-there</link>
		<comments>http://www.marine-money.com/archive/like-a-good-neighbor-msc-is-there#comments</comments>
		<pubDate>Thu, 03 Feb 2011 20:45:43 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Costamare Inc.]]></category>
		<category><![CDATA[Mediterranean Shipping Company S.A.]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ole Slorer]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10104</guid>
		<description><![CDATA[The power of relationship cannot be overstated. Mediterranean Shipping Company S.A. (“MSC”) and Costamare Inc. have worked together for years and have developed the archetypical relationship between tonnage supplier and liner company. It is a symbiotic relationship with each party benefitting, Costamare provides tonnage as needed, while MSC provides the long-term time charter which provides an additional backstop to the build to order vessel.
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>At Long Last, the Spin-off (Partial and Private) of Ocean Rig</title>
		<link>http://www.marine-money.com/archive/at-long-last-the-spin-off-partial-and-private-of-ocean-rig</link>
		<comments>http://www.marine-money.com/archive/at-long-last-the-spin-off-partial-and-private-of-ocean-rig#comments</comments>
		<pubDate>Thu, 09 Dec 2010 15:17:15 +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]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ocean Rig UDW]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Oppenheimer]]></category>
		<category><![CDATA[Pareto]]></category>
		<category><![CDATA[Scott Burk]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9895</guid>
		<description><![CDATA[After announcing the successful completion of its $350 million ATM offering on Friday, DryShips announced that its wholly owned subsidiary, Ocean Rig UDW, intends to offer through a private placement approximately $500 million worth of Ocean Rig’s common shares in exchange for a 20% to 22% stake. The transaction has an extremely short time-line with the deal expected to close this month.  The offering will be made to Norwegian private investors, and other qualified investors outside of the U.S. In addition there will be a concurrent private placement in the U.S. under 144A to qualified institutional buyers. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>“DryRigs”</title>
		<link>http://www.marine-money.com/archive/%e2%80%9cdryrigs%e2%80%9d</link>
		<comments>http://www.marine-money.com/archive/%e2%80%9cdryrigs%e2%80%9d#comments</comments>
		<pubDate>Thu, 30 Sep 2010 14:38:59 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[George Economou]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[ODS Petrodata]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Tom Kellock]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9656</guid>
		<description><![CDATA[We began the week reading Ole Slorer’s initial research note on DryShips. Morgan Stanley’s shipping analyst upgraded the shares based upon his assessment that:]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Appetizer</title>
		<link>http://www.marine-money.com/archive/appetizer</link>
		<comments>http://www.marine-money.com/archive/appetizer#comments</comments>
		<pubDate>Thu, 24 Jun 2010 21:31:07 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Fredriksen]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Morten Arntzen]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[OSG]]></category>
		<category><![CDATA[Robert Bugbee]]></category>
		<category><![CDATA[Scorpio]]></category>
		<category><![CDATA[Tor Olav Trøim]]></category>
		<category><![CDATA[Wiley Griffiths]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9444</guid>
		<description><![CDATA[Being somewhat disloyal to the team, we shirked our set-up responsibilities for Marine Money Week and snuck off to participate in Morgan Stanley’s 3rd Annual Shipping Conference, with its superb cast, for part of the morning. Wiley Griffiths set the stage by asking questions, which he hoped by the end of the day, would be answered. Where are we in the cycle? Where will investors find returns? He noted that banks were making loans selectively and the return of bonds and IPOs. But volatility remains a concern. He termed this a period of uncertainty, however there is a sense of optimism as fundamentals remain positive. Then there is the old standby saw intimating hope: no news is good news.  ]]></description>
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		</item>
		<item>
		<title>The Doctor Is In!</title>
		<link>http://www.marine-money.com/archive/the-doctor-is-in</link>
		<comments>http://www.marine-money.com/archive/the-doctor-is-in#comments</comments>
		<pubDate>Thu, 15 Apr 2010 18:22:11 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Gregory Lewis]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ole Slorer]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=8837</guid>
		<description><![CDATA[For us, the news of a companies’ placing new orders for ships was largely background noise. Covering the financial markets is a full-time job, in and of itself, although we do like to take a peek at broker reports when we have a chance. But in the main we get our market news largely distilled from the analysts, all of whom are keen students of the market. And so the news of new orders barely impinged upon our thoughts as we were more focused on the existing orderbook, and the forever unknowns, slippage and cancellations. 
]]></description>
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		</item>
		<item>
		<title>Complications Unwound. How DRYS Got There.</title>
		<link>http://www.marine-money.com/archive/complications-unwound-how-drys-got-there</link>
		<comments>http://www.marine-money.com/archive/complications-unwound-how-drys-got-there#comments</comments>
		<pubDate>Thu, 16 Jul 2009 20:56:10 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Cantor Fitzgerald]]></category>
		<category><![CDATA[Cardiff Marine]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Dexia Credit]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[DrillShips Investment]]></category>
		<category><![CDATA[DryShips]]></category>
		<category><![CDATA[Eric Pachman]]></category>
		<category><![CDATA[Evercore Partners]]></category>
		<category><![CDATA[George Economou]]></category>
		<category><![CDATA[Inc.]]></category>
		<category><![CDATA[Mark Whatley]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Nordea Bank]]></category>
		<category><![CDATA[Ocean Rig ASA]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Pride International]]></category>
		<category><![CDATA[Primelead Shareholders]]></category>
		<category><![CDATA[Rob Pacha]]></category>
		<category><![CDATA[Samsung]]></category>
		<category><![CDATA[Seadrill]]></category>
		<category><![CDATA[Transocean]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6112</guid>
		<description><![CDATA[Last week, <strong>DryShips</strong> announced that it had agreed to acquire, from <strong>George Economou</strong> and other third party interests, the remaining 25% minority interest in <strong>Primelead Shareholders, Inc.</strong>, the holding company and operating platform for DryShips ultra deepwater drilling rig assets including two owned and operational ultra deepwater semisubmersibles and 4 newbuilding drillship contracts as well as the commercial operating company, <strong>Ocean Rig ASA</strong>. 
 
The transaction was structured to minimize the cash outlay and leverage with the price being dilution. Consideration for the transaction included $50 million in cash and the issuance of $280 million in face value of mandatorily]]></description>
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		</item>
		<item>
		<title>Morgan Stanley II</title>
		<link>http://www.marine-money.com/archive/morgan-stanley-ii</link>
		<comments>http://www.marine-money.com/archive/morgan-stanley-ii#comments</comments>
		<pubDate>Thu, 11 Jun 2009 14:33:59 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Alan Ginsberg]]></category>
		<category><![CDATA[Arlington Tankers]]></category>
		<category><![CDATA[Brian Nixon]]></category>
		<category><![CDATA[Chris Thomas]]></category>
		<category><![CDATA[Dealogic]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[Eagle Bulk]]></category>
		<category><![CDATA[Eric Pachman]]></category>
		<category><![CDATA[Genco]]></category>
		<category><![CDATA[Genmar]]></category>
		<category><![CDATA[Hussein Allidina]]></category>
		<category><![CDATA[Imarex]]></category>
		<category><![CDATA[Jeff Pribor]]></category>
		<category><![CDATA[Joachim Fels]]></category>
		<category><![CDATA[John Wobensmith]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Mr. Serck-Hansen]]></category>
		<category><![CDATA[Nikolai Nachamkin]]></category>
		<category><![CDATA[Nordic AmericanTankers]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Paragon]]></category>
		<category><![CDATA[Peter Evensen]]></category>
		<category><![CDATA[Richard Bremer]]></category>
		<category><![CDATA[Teekay Corporation]]></category>
		<category><![CDATA[Teekay Tankers]]></category>
		<category><![CDATA[Wiley Griffiths]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6025</guid>
		<description><![CDATA[Despite a pressing deadline, we couldn’t pass up the opportunity to get out of the office and attend <strong>Morgan Stanley</strong>’s 2nd Commodities and Shipping Conference. In these difficult times how could one possibly forego the opportunity to hear what <strong>Ole Slorer</strong> and his team have to say with the added benefit of gleaning some insights on the capital and lending markets. All interspersed with company presentations and lessons from Morgan Stanley’s commodities and freight trading experts. It is a rare opportunity for us to receive an invitation to these investor only meetings and we are most appreciative. Putting on an]]></description>
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		</item>
		<item>
		<title>Out of Favor</title>
		<link>http://www.marine-money.com/archive/out-of-favor</link>
		<comments>http://www.marine-money.com/archive/out-of-favor#comments</comments>
		<pubDate>Thu, 04 Jun 2009 16:28:45 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Horizon Lines]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ole Slorer]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6014</guid>
		<description><![CDATA[Last week, The Wall Street Journal provided another indicator of the shipping slump when they announced the Best on the Street analysts for 2008. Unlike last year, our shipping analysts were conspicuously absent, although the number three slot was taken by Jim Corridore of Standard &#038; Poors, who had rated <strong>Horizon Lines</strong> a sell during the period in October when the shares fell 77%. 
 
 
We would however be remiss if we did not mention that <strong>Ole Slorer</strong> of <strong>Morgan Stanley</strong> finished fourth in the Oil Equipment, Service &#038; Distribution category. This was his second appearance making him the]]></description>
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		</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>
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