Marine Money

The Dark Side

marinemoney — Fri, 05 Dec 2008 02:21:49 +0000

On Tuesday, a team from Watson, Farley and Williams (“WFW”) shed some light on the dark side assuring a full house of bankers and other concerned parties that they had nothing to fear in these...

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The Camel’s Nose

marinemoney — Fri, 05 Dec 2008 02:19:32 +0000

In a carefully orchestrated web meeting and presentation, DnB NOR ASA (“DnB”) responding to concerns about the quality of its shipping portfolio provided interested parties an opportunity to get a...

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Testing the Waters

marinemoney — Fri, 05 Dec 2008 02:12:59 +0000

As a consequence of its insolvency, Allco this week awarded Citi the advisory role for the sale of it shipping affiliate, Allocean. This business is fundamentally sound with all the ships on...

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“Don’t Look Back. Something May Be Gaining On You”

marinemoney — Fri, 05 Dec 2008 02:10:09 +0000

Seeking greater certainty in these unsettled times, DHT Maritime Inc. (“DHT”) announced on Monday that it had reached an agreement with OSG under which OSG has declared part of the extension options...

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Allco Shows What it Takes

marinemoney — Fri, 28 Nov 2008 02:09:19 +0000

Marine Money observed first hand during the restructuring years of 2000 and 2001 the absolute value of working collectively with lenders and creditors to keep a distressed business whole and...

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Thanksgiving

marinemoney — Fri, 28 Nov 2008 02:08:02 +0000

In these most difficult economic times, it is certainly difficult to reconcile the act of thanksgiving with businesses failing, huge layoffs and record unemployment. We learned that our industry is...

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The 2008 Global Credit Crisis – Is shipping likely to revert to the 1980’s model?

marinemoney — Fri, 21 Nov 2008 02:05:24 +0000

On November 13th more than one hundred and fifty shipping practitioners, bankers and investors listened to an all-star cast of current and former ship owners, brokers, shippers, maritime arbitrators...

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A New Perspective

marinemoney — Fri, 21 Nov 2008 02:04:30 +0000

We are very grateful to Imarex’s Mike Reardon for introducing us last week to his colleague from Singapore, Jeffrey Landsberg. Mr. Landsberg suffers from a keen interest in the bulk markets and...

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Shipping on the Global Stock Markets

marinemoney — Fri, 21 Nov 2008 02:00:22 +0000

In contrast to the views of our banker friend expressed earlier, private shipping companies clearly saw benefits to going public. Among many reasons for a public listing are to extend capital...

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Legal Question

marinemoney — Fri, 21 Nov 2008 01:59:25 +0000

We include below a definition of force majeure for your consideration together with a question of applicability that follows the quote. “Force Majeure literally means “greater force”....

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