http://www.marine-money.com The Ship Finance Publication Of Record Fri, 03 Sep 2010 06:40:45 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 http://www.marine-money.com/archive/jasper-taps-bond-market http://www.marine-money.com/archive/jasper-taps-bond-market#comments Fri, 13 Aug 2010 04:14:45 +0000 rwong http://www.marine-money.com/?p=9465 http://www.marine-money.com/archive/jasper-taps-bond-market/feed 0 http://www.marine-money.com/archive/wedding-season-or-offshore-consolidation-takes-two-giant-steps http://www.marine-money.com/archive/wedding-season-or-offshore-consolidation-takes-two-giant-steps#comments Thu, 24 Jun 2010 21:27:32 +0000 marinemoney http://www.marine-money.com/?p=9442 http://www.marine-money.com/archive/wedding-season-or-offshore-consolidation-takes-two-giant-steps/feed 0 http://www.marine-money.com/archive/aker-bonds http://www.marine-money.com/archive/aker-bonds#comments Thu, 22 Apr 2010 18:40:10 +0000 carisk http://marine-money.com/?p=8853 http://www.marine-money.com/archive/aker-bonds/feed 0 http://www.marine-money.com/archive/a-tanker-saga http://www.marine-money.com/archive/a-tanker-saga#comments Thu, 22 Apr 2010 18:36:57 +0000 carisk http://marine-money.com/?p=8848 http://www.marine-money.com/archive/a-tanker-saga/feed 0 http://www.marine-money.com/archive/announce-deals-get-check-and-list-on-the-nyse http://www.marine-money.com/archive/announce-deals-get-check-and-list-on-the-nyse#comments Thu, 15 Apr 2010 18:14:48 +0000 carisk http://marine-money.com/?p=8831 http://www.marine-money.com/archive/announce-deals-get-check-and-list-on-the-nyse/feed 0 http://www.marine-money.com/archive/pareto-places-60-million-of-fresh-equity-for-bh http://www.marine-money.com/archive/pareto-places-60-million-of-fresh-equity-for-bh#comments Wed, 03 Feb 2010 18:33:06 +0000 carisk http://marine-money.com/?p=8186 http://www.marine-money.com/archive/pareto-places-60-million-of-fresh-equity-for-bh/feed 0 http://www.marine-money.com/archive/norwegian-bonds-come-go http://www.marine-money.com/archive/norwegian-bonds-come-go#comments Thu, 18 Jun 2009 15:09:56 +0000 carisk http://marine-money.com/?p=6042 Songa Offshore, Wilh. Wilhelmsen and Aker Solutions were a few of the companies, involved in the Norwegian bond market this week. Aker Solution’s NOK 2.1 billion 5 year FRN priced at NIBOR + 4.75% was the largest offering in the domestic market this year, although its parent, Aker ASA, has subscribed to NOK 1 billion of the total issuance. Pricing was highly favorable as the new issue is trading at a spread to swaps 100 bps below the existing 2013 maturity. The company maintained its BBB- rating from Fitch but the outlook was changed to negative. Wilh. Wilhelmsen ASA]]> http://www.marine-money.com/archive/norwegian-bonds-come-go/feed 0 http://www.marine-money.com/archive/dof-bond http://www.marine-money.com/archive/dof-bond#comments Thu, 04 Jun 2009 16:20:06 +0000 carisk http://marine-money.com/?p=6000 Nordea Markets and Pareto Securities brought to market a 2-year senior secured floating rate note for DOF ASA, a leading offshore company, which operates 70 vessels. The notes bear interest at NIBOR + 9% and are secured by]]> http://www.marine-money.com/archive/dof-bond/feed 0 http://www.marine-money.com/archive/5th-annual-marine-money-gulf-ship-finance-conference-dubai-4th-march-2009 http://www.marine-money.com/archive/5th-annual-marine-money-gulf-ship-finance-conference-dubai-4th-march-2009#comments Thu, 05 Mar 2009 14:00:26 +0000 carisk http://marine-money.com/?p=5258 Tufton Oceanic (Middle East) Limited hosted its 5th Annual Marine Money Gulf Ship Finance Conference in the luxury of the Grand Hyatt, Dubai. Forewarned that things were pretty bad in Dubai and that it would be a struggle to get people to attend, we proudly welcomed 152 speakers and delegates. And it is also significant that half of today’s participants attended our conference in Dubai for the first time. That is a lot of new networking opportunities and it demonstrates that shipping continue to develop in Dubai and the Gulf region. The keynote address was given by]]> http://www.marine-money.com/archive/5th-annual-marine-money-gulf-ship-finance-conference-dubai-4th-march-2009/feed 0 http://www.marine-money.com/archive/songa%e2%80%99s-misguided-misadventure http://www.marine-money.com/archive/songa%e2%80%99s-misguided-misadventure#comments Thu, 23 Oct 2008 19:58:45 +0000 carisk http://marine-money.com/?p=4589 Songa Offshore sought to explain its unexpected private placement of shares the previous week, at a discount of approximately 34% to the prior day’s close. The share placement alleviated a short-term liquidity shortfall as well as a breach of covenants. The main culprit was its historic financial strategy. Over the last few years, Songa intentionally kept cash at tight levels of around $30 to $70 million, which level was increased as rigs were added. In addition, the company entered into TRS agreements during the 12-month period until January 2008.  Both worked as planned until worlds collided. In a matter of five weeks, the company’s TRSs went from $16.7 million in the money to $26.8 million out of the money a swing of $43.5 million]]> http://www.marine-money.com/archive/songa%e2%80%99s-misguided-misadventure/feed 0