2007

It’s been a great week for shipping and the capital markets. The markets are up, Oceanfreight’s IPO was successful, Ultrapetrol and Seaspan’s follow-ons were successful, and Greek shipping was even featured on CNBC Fast Money (http://www.cnbc.com/id/15840232/video/268793370). Perhaps it’s just a coincidence, but the sun even came out at long last here in the northeastern United States.

Before getting too carried away, however, we’d like to start with one minor housekeeping detail. Marine Money is currently compiling a shipping loan portfolio “league table” of sorts. The intent is to complement the loan syndications data compiled by Dealogic in order to account for the very important role of bilateral loans (and the banks that provide them) in the ship-lending market. This provides some insight into the size of the global market for ship finance while also identifying many of the major capital providers.

While listing is generally best avoided in published articles, we feel it is important to be sure our subscribers are aware from what banks we have received replies – we don’t want anyone to be surprised to see their own firm missing in the final results! If you notice your firm (or your lender) is conspicuously absent and believe it should be included, please send an email to Nora at nhuvane@marinemoney.com so we can be sure to include them. Currently we have had responses from or are in direct communications with ABN Amro, Alpha Bank, Bank of Ireland, Bank of Scotland, BNP Paribas, Bremer Landesbank, Calyon, Commerzbank, Danish Ship Finance, Danske Bank, Dresdner Bank, DVB, HSH Nordbank, HVB, JP Morgan, KfW IPEX-Bank, Mizuho, Natixis, Nordea, and Royal Bank of Scotland. Many thanks!

This is only an excerpt of Equity – 04/26/2007

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