2007

The year is off to a brisk start, with the Norwegian bond market booming, particularly in sectors related to energy. And the optimism spreads across the Atlantic, with Stena and ACL both tendering for outstanding issues for in favor of cheaper and less restrictive debt. Meanwhile Bergesen Worldwide gives the first indications that it might be more than a passive investor in General Maritime while Genco hints at aspirations to the role of dry bulk consolidator with the filing of a shelf registration to raise up to $500 million in capital. Xylas Group of Greece continues the growing stream of cement sector financings we have been witnessing over the past few months, while Lloyd Fonds has formed the first open-ended shipping fund in the world. Finally this week we take a look at what the new 2007 IMO regulations really mean and visit the conflict of interest that haunts those shipowners with both public and private fleets.

And of course, there are forums!

This is only an excerpt of The Week in Review – 01/25/2007

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