|
|
|
Gulf
of Mexico- offshore oil E & P
|
April
2008
|
Clip of
Fairplay article on deeper, deeper, ultradeep in the US Gulf and
the implications for Jones Act shuttle tankers. Article on Bourbon's
involvement in the US Gulf.
|
|
|
|
Fairplay
CMA issue- year of Freddy
|
March
2008
|
See
a clip
here of "SEASICK" article, describing the drybulk panel, with guest
quotes from Norm Barouch and Tom Lowndes.
|
Ships
on Order- A Financial Drag?
|
March
2008
|
Article from
Janes Transport Finance about the intersection of credit issues and
the big ship orderbook- will orders get cancelled, can they gain
financing?
|
|
|
|
|
|
|
|
|
|
Tankers
and LPG Markets for 2008
|
Jan
2008
|
Barry
Parker's tanker
market forecast and the LPG shipping forecast
were both published in Fairplay's prestigious annual markets issue.
|
Frangos
family
|
Jan
2008
|
Good
Faith Shipping, Navios Maritime Holdings, Navios Partners, Angeliki
Frangou- all in this article from Fairplay
|
Teekay
Tankers
|
Dec
2007
|
An article
about the long awaited offspring of Teekay Corp.
|
Leasing
and structuring
|
Nov
2007
|
A fresh look
at ship leasing for JanesTransport Finance, along with a peek at
how shipping and
airline guys are finding value through spinoffs. Hedging against
currency abrasions is now a concern for the maritime sector.
|
Fairplay
articles
|
Nov
2007
|
Market
overview late November, and commodity special on petcoke.
Drybulk market reports for mid November and late
November.
|
Infrastructure
Investments
|
Nov
2007
|
A
wave of new IPOs, including Dubai Ports World, and Novorossisyk Port,
are described in this submission to
Lloyds Shipping Economist.
|
Security
and Insurance
|
Nov
2007
|
Two
advertorials that appeared in the Journal of Commerce, surrounding
events: annual meeting of The American Institute of Marine
Underwriters and the yearly Maritime Security Show,
at New York's Javitz Center
|
More
Janes Transport Finance
|
Oct
2007
|
Seacastle-
another type of Fortress. And, the
Hamish Norton interview- rocket
scientist turned banker rocks on...(including some of the secondaries
mentioned below). Sneak peek at a November article about KeyBanc
Capital Markets,
heavily involved in KSP
deal.
|
Going
back to the well.
|
Oct
2007
|
Secondary
share offerings (KSP, EGLE,
EXM, DSX, GNK)- high prices, debt to repay,
what's a CFO to do? Dilution, what's that? Article
for Lloyds Shipping
Economist.
|
Fairplay
market reports
|
Oct
2007
|
Late
October Tanker
Submission. mid/late October drybulk Submission.
Submissions for mid October Tankers, Drybulk,
S & P.
|
No
rocks down to 50 feet, no bridge
|
Oct
2007
|
EXTRA-
Rick
Larrabee interview for Port Strategy- discussing PANYNJ's
infrastructure deals, dredging and the Bayonne Bridge.
|
Bourbon
and no rocks
|
Sept
2007
|
Company
profile of Bourbon Group (interview with CEO) submitted to
Fairplay, as well as NYMAR Ship Finance
Seminar report- no rocks since Port of New York is dredging to 50
feet.
|
Environmental
initiatives at US ports
|
Sept
2007
|
Look
at an Advertorial written
for Pacific Shipper and see how ports are controlling the
environmental agenda.
|
Locking
in revenues
|
Sept
2007
|
Article from
Janes about Seacurus and Royal Bank of Scotland- diffferent
approaches to protecting revenue streams. Submisssion is here- protecting
the downside and immunizing against losses.
|
Still
more funding sources
|
Sept
2007
|
Private
equity is playing a big role in maritime finance. Companies are now
unlocking
value through spinoffs, as
these articles submitted to Lloyds Shipping Economist show. Also see a
selection of news items submitted to LSE (Genco / Eagle, Apollo/
NCL, and OSG's new MLP).
|
New
ways of funding maritime companies
|
Aug
2007
|
TMM
securitization (as it appeared Janes website) in Mexico. TMM
submission here. In the
Norwegian market, Glitnir is
building a business around sale/leasebacks (also from Janes
website). Submission
is here.
|
Fairplay
Aug 30
|
Aug
2007
|
Read
our overall
market report and container market
report (submission) and
read
our big article
about the credit markets- shipping finance is alive and
well!
|
Fairplay
Aug 23
|
Aug
2007
|
Markets
overview on drooping commodity prices, and the weekly tanker report all
about seasonality- because OPEC increased liftings won't save it.
Overview-submission and
tanker
submission here.
|
Fairplay
Aug 16
|
Aug
2007
|
Tanker
market report before the market went on the move. Submission.
|
Janes
|
Aug
2007
|
Jones
Act and Short Sea Shipping- finally something?
|
Seatrade
articles
|
July
2007
|
Clips
of Marine
Money 2007 coverage where more investors than shipping people
showed up- as well as Germanischer
Lloyd's 140th Anniversary party at the New York Yacht Club.
|
Fairplay
Shipbrokers of New York
|
July
2007
|
Read
the actual
clip from Fairplay and find out which broker is in the Lipstick
Building, on Third Avenue near PJ Clark's.
|
Fairplay
Ship Finance - MM Week, "It's all about the money"
|
June
2007
|
Capitalism
is alive and well in Stamford, Connecticut: IPOs (clip), Tax Leases
(clip),
Private
Equity (clip), Cover
story: OMI Corporation acquisition by Torm and Teekay (clip).
Special feature-
report on 2007 Marine Money
Conference submitted to Janes Transport
Finance.
|
Fairplay
Market Reports- with a financial slant
|
May
and June 2007
|
May
31 tankers, May 31 S&P,
June 7
tankers, June 7 S & P
clip
May 31 S
& P, clipMay 31 tankers, clipJune 7
tankers, clipJune 7 S&P
June
21 S & P S&P clip June
21 tankers tank clip June 21
dry cargo dry clip
|
Top
Tankers and Kirby Corporation
|
June
2007
|
Tale
of two tanker companies, Submission
to Janes Transport Finance about Top's buyout of leases. Submission to
Fairplay on Kirby Corporation.
|
Not
your same old market reports
|
May
2007
|
Sale and
purchase, and dry vessel
chartering-
both are corporate activities, and it's about time market reports were
written that way. The actual clips (big files) are here for sale and
purchase and for dry cargo
chartering.
|
Big
huge TEUs
|
May
2007
|
Seaspan
and Danaos - Containership finance. Big bank credits. Leasing
unplugged! Port
finance with private finance article submit to Port Strategy
|
Trimming
Hedgies along the RR tracks
|
May
2007
|
Hedge
funds TCI and Atticus buying railroad stocks like CSX and BNSF.Let's
not forget Berkshire Hathaway (Warren Buffett) buying BNSF, NS and KCS.
|
Italian
Ship Finance
|
May
2007
|
Submission
to Janes that will appear prior to Mare Forum and 48 Ore
conferences. Tanker Operator
submission re D'Amico offering.
|
Viva
Morten and Lois
|
April
2007
|
CMA Roundup- OMI
rumours, Lois
Zabrocky article.
|
Aegean
Marine- new paradigm re bunkers
|
April
2007
|
Another
Tanker Operator finance article, and an article re Aegean Marine
Petroleum (submission
here). |
A
tale of two banks
|
April
2007
|
Janes
Transport Finance submisson re Fortis Bank
(Oceanfreight) and BNP
Paribas (CSAV) and how they bring much needed flexibility to loans.
Here is the
submission to Janes.
|
Ammonium
Nitrate Liberty Ships, and old Esso & Shell tankers
|
April
2007
|
Shoes and
Ships article from Fairplay commemorating 60th anniversary of
horrible Texas City explosion of April 1947. Read another Shoes and
Ships submission about old tankers of
the Shell and Esso fleets. The clip is here
|
More
Market Reports
|
April
2007
|
Fairplay
dry cargo report April 5 (do I hear "$100K per day"?). Simeon and
Diana starring in Fairplay Dry report +
Sale
& Purchase report for April 12th
|
Ports
and Infrastructure, Port Security, DP World and all that stuff..
|
April
2007
|
Port
Strategy Port Finance in two parts- Private
finance and Infrastructure Funds- and then International
Financial
Institutions.
Submission is here. We also did a port security article, "The
World is Flat"
(or is it?) for HS Today, a top publication in the Homeland
Security niche.
|
Investing
in Shipping Conference
|
Mar
2007
|
In
the tony Metropolitan Club- an excellent conference brought investors
and companies together. bdp1 Consulting was part of it with two
articles:
Capital-Link
FFA and Investing in
Shipping
|
Dividends
and Drams
|
Mar
2007
|
Ship
Management and Tanker Operator
articles about companies' varying payout and outsourcing/ in-housing of
tech management dynamics. Here's the followup from April Tanker
Operator re dividends.
|
Germans
and French
|
Mar
2007
|
From
Janes Transport Finance, more German funds from Koenig and HCI,
followed by French tax
leasing and Cross-border
leasing. Janes submissions here for Germans
(Marenave) and here for the French article.
|
Commodore
Morten
from Fairplay cover
|
Mar
2007
|
Congratulations
to CMA 2007 Commodore, Mr. Morten Arntzen, of Overseas Shipholding
Group. Also read about why Wall Street
aims to kick the UK's butt, and about CMA President Peter
Drakos, also from Fairplay.
|
Resurgent
Red Hook
|
Mar
2007
|
Shoes
and Ships from Fairplay- Actual clip
here. All about tanker MARY A WHALEN, built 1938, an
iconic symbol of NY waterfront past, present and future. Retirement
party for Inchcape's Dan Fox- another Brooklyn boy.
|
The
$100 Million Caper and other thrillers
|
Feb
2007
|
Fairplay
market reports about the rising S&P market and boiling drycargo
rates. S
& P(clip) S & P(clip)
Dryfixtures(clip)
Dryfixtures(clip) |
New
markets: Gone
cruisin' and Heavy liftin' in Oslo
|
Feb
2007
|
Janes
Transport Finance on RCCL's Eurobond
and on Oceania
Cruises going to
private equity shop Apollo (a week before Fincantieri
announcement). The submissions are here (RCCL and Oceania/
Apollo). Janes
Transport Finance submission about
the front of the wave in FPSO's, Heavy
lift, and Drillships |
Gravlax
and Taramasalata
|
Feb
2007
|
Reports
on excellent New York conference organized by Norwegian American and
Hellenic American Chambers of Commerce, from Tanker Operator
. Submission
to Tanker Operator re Aegean Marine. A compendium of submissions
to Tanker Operator on "Earnings Visibility."
|
The
old and the new!
|
Jan
2007
|
From
Fairplay (clips), a
reminiscence of the Admiralty Finance Forum (interviews w/ Clay
Maitland and Emery Harper- and 2007 tanker
forecast (pictures of Frontline vessel and Papachristidis
(Hellespont) vessel. From Seatrade (clip), first
ISMA boss Guy Morel comes back as top man at Intermanager
|
Forward
tankers, and forward drilling.
|
Jan
2007
|
Clear-Port
tanker derivatives article about FFA market and clearing- from
NYMEX. Also, in the energy world,
read the Fairplay
article re deepwater drilling in the US Gulf!
|
Greeks
(TNP and ONAV), Canadians and others on ice!
|
Jan
2007
|
TNP/
ONAV financial review published in Tanker Operator. Meantime seee
the Janes
submission re
Canadian Income Trusts such as Halterm and WestShore Terminal- and Janes
SPAC article re Great Lakes Dredge & Dock.
|
Bank
Debt Roundup
|
Jan
2007
|
Published
in Lloyds Shipping Economist
|
Navios
High Yield
|
Dec
2006
|
Head
on clash of high yield bonds (did we say "trend"?) and FFAs. What is
the magic of $15 Million? Longer version of Janes Trans Finance
article. Read the actual
article here.
|
Britannia Bulk
High Yield
|
November
2006
|
A
niche player comes to market with a High Yield bond offering. This
article appeared in Fairplay.
|
Sovcomflot/ HSH Nordbank
|
November
2006 |
The world's leading shipping bank talks
to Barry Parker about the Sovcomflot deal and its strategic objectives
in ship finance- includes a map of the Barents Sea and its
ice-class ports. Read the actual clip
(no map) here.
|
Danaos IPO
|
November
2006
|
Submitted
to Janes Transport Finance. Talk about earnings visibility and
borrowing power- these guys have got both! Clip of actual
article is here.
|
| GE
Energy,
Aircraft + more. Structured finance at its best |
October
2006
|
Infrastructure
Funds are consuming transport assets Janes hardcopy
clip here, from airports to
baggage carts. Article for Port Strategy on
a similar subject and an article about
FPSO funding from GE Energy Finance + Clip.
|
Tanker
Market Outlook- review
|
October
2006
|
We
recognize excellence elsewhere among the forecasting fraternity. These
McQuilling guys (and lady) know their stuff. Appeared in Fairplay.
|
Optmising
the Eagle
|
October
2006
|
Article
submission (Janes Transport Finance) regarding Eagle Bulk Shipping and Overseas
Shipholding/ Maritrans deal and Capital Construction Funds
|
Captain
Kidd, Andreas, Freddy, Peter and other Pirates
|
October
2006
|
Book
review, sort of, submitted to Fairplay regarding Captain William Kidd,
and "The Pirate Hunter"- written by my Horace Mann buddy Richard
Zacks. Speaking of pirates and hunting, read about Andreas,
Freddy and Peter G.- aka BW International Shipping acquires GMR
shares from Frontline (8-2006)
|
Lessons from
the Energy Front
|
Sept
2006
|
FPSO's,
platforms and cool assets financed in ways that might inspire shipping
companies. Submission to Janes Transport Finance.
|
Transformative
Finance
|
Sept
2006
|
Article
submitted to Janes Transport Finance about a US flag tanker company
that organized its entire capital program in one massive deal. Clip.
|
Maritime
Security Redux
|
Sept
2006
|
Another
advertorial in the Journal of Commerce- timed to coincide with the
annual Maritime Security event at the Javits Center
|
Navigation
Finance Funds Feature
|
August
2006
|
Private
equity with a maritime slant, for JTF an examination of the highly
successful group of funds from Navigation Finance Corporation (NFC), a
jv of DVB
NNI. Hardcopy
clip here of NFC article. See a related article on various
approaches to private equity in shipping
(including Tufton's unique approach), also including NNI. Hardcopy
here |
Shipping
and Environment
|
August
2006 |
An
advertorial for the Journal of Commerce featuring comments from Exec
Directors of Ports of Los Angeles and Long Beach.
|
Tanker
Market Report
|
August
2006
|
All
that hype about Prudhoe Bay- the crisis that wasn't. But a great week
to be writing a guest market
report (hardcopy) for Fairplay
|
Factoring
In Risk
|
August
2006
|
A
submission on FFAs and screens submitted to Risk Factor. Clip is here.
|
Norton
Rose/ Nordea and RBS
|
July
2006
|
For
JTF, I travelled to London (UK) to interview some of the top
practioners of shipping finance- concentrating on the lenders' thought
process. Hardcopy
|
Myles
Itkin Interview
|
July
2006
|
The
CFO of Overseas Shipholding Group (OSG) talked to me (for JTF) about
how finance is intertwined with company strategy and market leadership.
Hardcopy from
Janes.
|
Maritime
Lawyers Advertorial
|
July
2006
|
Maritime
lawyers cover a vast and fascinating waterfront. Read an advertorial
written by bdp1 Consulting appearing in the Journal of Commerce.
|
Seatrade
Navios and Dahlman Rose
|
May-
June
2006
|
These
articles appeared in Seatrade, all about Navios and Angeliki
Frangou
and a nice
little piece about Simon Rose, Quintana and the incredible deal.
|
Fairplay
Finance
|
June
2006
|
Submissions
to Fairplay about the new dawn for the IPO
Boom (sigh!!!), those snoopy analysts,
and what
it's like being listed.
|
Fairplay
Posidonia
|
June
2006
|
A
classic IPO window opened for Greek owners,
who placed in excess of $1Billon of equity. Read about a new I- Bank, Dahlman
Rose and a banker from Cantor Fitzgerald, Anthony
Argyropoulos,
who were part of the activity.
|
SFL
on the Horizon
|
June
2006
|
Another
big leasing deal, Ship Finance Ltd does five US flag box ships to HRZ.
We got exclusive quotes from Fortis and from top leasing lawyers for
our article submitted to Janes Transport Finance.
|
Top
Tankers and Omega Navigation
|
May
2006
|
Various
articles from Janes Transport Finance. Top Tankers was the first non
Korean company to enter a Korean
sale/ leaseback deal.
|
Quintana
deal
|
May
2006
|
All
about the cool deal where 17 ships were bought- from Janes, including
exclusive quotes from the bankers at Dahlman Rose and Fortis. Bonus
points: read our Fairplay story about Dahlman Rose.
|
Shipping
company rating game
|
May
2006
|
We talked with
Standard and Poors about the art and science of rating unsecured
debt; amazingly some shipping companies are "investment grade"
|
| New
Breed of Companies |
April
2006 |
Articles
about GFI
Group and Navios, from Janes Transport Finance. An article about
GFI Group appearing in Fairplay. |
| Dubai
Ports |
April
2006 |
Read
about how politics and the emotion that goes with it trumps reality
from an article
in HSToday written as the Dubai Ports mess was unfolding. |
| Stealthgas articles |
March 2006 |
Articles about Harry Vafias, and NASDAQ listed company
Stealthgas from Fairplay and from Janes
Transport Finance. |
| Commodore
Jensen |
March
2006 |
This
article appeared in the special CMA issue of Fairplay, along with
articles describing the CMA, the stock markets, and the local
cluster of companies. |
Shipping
stocks and energy stocks
|
Jan.
2006
|
Why
do operators of links in the oil chain gain better valuations than
tanker companies? See this article submitted to Janes Transport Finance.
|
Tanker
Market Twin Peeks (no, not peaks)
|
Jan.
2006
|
US tanker trades- this
article concentrated on the US tanker market. It followed up a
pair of articles (one on "Chokepoints",
and one on "What
if") apearing in Fairplay's annual markets
review, provides quantitative meat on the bones of "what if" scenarios?
|
Morgan
Stanley bear roaring
|
Feb 2006 |
We
attended a virtual conference hosted by Morgan Stanley,
detailing downgrade after downgrade. A buy signal, perhaps?
|
Morten
Arntzen interview
|
Feb
2006
|
The
CEO of Overseas Shipholding Group shares his views with Barry Parker,
for Janes Transport Finance.
|
Securitization
of Shipping Loans
|
Jan.
2006
|
An
insightful finance article including interviewers with important
players from HSH Nordbank (Ocean Star 2004 and 2005), NIB Bank
(Latitude Synthetic) and DVB Bank (expected to join the Shipping
Securitization Club during 2006)
|
Battle
of the Titans
|
Dec.
2005
|
Peter
Georgiopoulos versus Fredriksen in Fairplay. Barry Parker wrote the
part about Peter G. (but the Editors forgot about his recent wedding).
|
Earnings
under the Microscope
|
Dec.
2005
|
Reading
the fineprint of income statements and balance sheets of listed
shipping companies. Or, how do rising scrap prices help current
earnings?
|
Notices
and Tracking
|
Jan.
2006
|
A
followup, in Digital Ship, about some of the nifty uses of technology
for advanced notices of arrival and tracking.
|
Excel Maritime
Carriers Interview
|
Dec.
2005
|
Well,
once in a while, we are able to go one on one with a company CEO. In
this interview- we talked with Mr. Chris Georgakis- the CEO of Excel
Maritime.
|
DryShips
interview
|
Dec.
2005
|
The
CEO of DryShips , Mr.
George Economou, sat down with Barry Parker
recently, at New York's Harvard Club, to discuss his company and trends.
|
Risk Management
and Hedging of Fuel Costs
|
Dec.
2005
|
FASB
133 accounting has made it nearly impossible for those Public School
accented boffins to sell "exotics" to shipping companies. Costless
collars and plain vanilla swaps, however, are alive and well.
|
Earnings
Visibility
|
Nov.
2005
|
How
far out in the future can analysts see? Read our take on visibility in
this article submitted to Janes Transport Finance.
|
When
Men Were Men, Ships were Ships
|
Nov.
2005 |
A
sign of age? Barry scores a monster hit in Fairplay's "Shoes and
Ships"- profiling China Navigation- an oldie within the still older
Swire Group. Of
special interest is their internet linked alumni association site.
|
Too
Much $ - Ship Prices Too High |
Nov.
2005
|
Article
in Janes all about 3Q 2005 Conference calls and the $ Hundreds of
Millions funding share buybacks and dividends instead of vessel
purchases. Meantime, here's
an analytical piece looking at Dryships (NASDAQ: DRYS) and Diana
Shipping (NYSE:
DSX) two drybulk players that launched 2005 IPO's.
|
Taking
Notice of Tracking Trends
|
Nov.
2005
|
Security
and supply chains are supposed to mesh, right? For Fairplay
Solutions, we looked at LRIT projects underway at the Panama Canal and
worldwide sponsored by the Marshall Islands shipping registry.
|
Container Tracking or TREC-ing
|
Oct.
2005
|
Blue Ships and
Big Blue Boxes. IBM
and Maersk have teamed up to track containers in realtime. This was
sent to the Digital Ship- which saw IBM's entry into the market as
newsworthy in its own right.
|
Double
Hull Tankers
|
Oct.
2005
|
OSG
spinning off seven vessels into a new company. Could their LNG and
Jones Act fleets be too far behind? Oh, Morten, what about that old
Stelmar franchise that's now worth more than you bought it for? Blow it
out!!!
|
LNG
Finance
|
Oct.
2005
|
Now
that Bergesen has pulled off their offering, it was time for a fresh
look at the market. See our article in Janes Transport Finance with
comments, including from a UK lawyer who helped draft the new LNG spot
charter party.
|
Issues
Facing KG's
|
Sept
2005
|
This
market continues to raise capital for shipping. See what we wrote for
Janes, with quotes from an expert at Norton Rose's Munich office.
|
Post
Summer IPO's
|
Sept
2005
|
Back
in action for Janes Transport Finance following a month
with only one shipping IPO (Seaspan)! Here is another one from Janes on the whole
consolidation thing- concentrating on the watershed Maersk - P&O
deal, with some excellent commentary from a top UK lawyer on EU
Competition issues.
|
Aries and
Hybrids
|
August
2005
|
These
articles appeared in Fairplay. Aries is in product tankers and small
containerships. Two strong cards- portfolio diversification?
|
Post
Katrina Refinery Situation
|
Sept
2005
|
Written
for Fairplay in conjunction with excellent post Katrina coverage.
Provides some explanation of the surge in the product tanker markets.
|
Clearing
of FFA's
|
Sept
2005
|
Imarex,
NYMEX, LCH-Clearnet; why are all these guys chasing the freight markets
around?
Lloyds
Shipping Economist article about the new clearing alternatives-
enhancing the credit of freight swaps (FFAs).
|
Coal and
Freight Arbitrages
|
Sept
2005
|
Proof
from Energy Risk Management on this emerging subject at intersection of
chartering, energy and corporate finance/ trading.
|
Fuel
Price Risk Management
|
July 2005
|
Submission to Janes Transport Finance all about fuel hedging
practices of listed shipping companies. When is a bunker surcharge a
profit generator?
|
Still
more IPOs
|
July 2005
|
Some concern as IPOs are getting scaled back, but that is
not stopping Bill Livanos, Victor Restis and
some we have not heard
from yet. See a related article published in Fairplay regarding diversified fleets.
|
More IPO's
|
June 2005
|
Liner shipping, bulk shipping, all going public. Written for
Janes Transport Finance. Look at a Fairplay
submission profiling American Marine Advisors.
|
The FFA section
|
Spring 2005
|
Janes
Transport Finance article on the FFA market now, and Fairplay Shoes and Ships submission on the historical
context of the market.
|
Jones
Act Tankers
|
May 2005
|
A funny thing happened on the way to fleet obsolescence- OSG
was talking about ordering 10 product tankers from the Kvaerner USA
yard.
|
Drybulk Shipping IPOs
|
May 2005
|
Lloyds Shipping Economist rundown on all the drybulk IPO's
that we could squeeze in.
By mid May, these were being announced at the rate of two per week. We
wrote a similar
article in April for Janes Transport Finance, where we discuss
companies like Diana Shipping and
International Shipping Enterprise.
Quintana and Cavan (Wexford), discussed here, postponed their IPO's
till post Summer, but GENCO Shipping and Trading got its IPO off,
albeit with a haircut on the pricing.
|
U.S.
Tax Laws and Shipping IPO's
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May 2005
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Changes in the tax laws are enabling more deals to get done.
Article written for Janes Transport Finance, with quotes from a top US
tax lawyer.
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Sale and Leasebacks
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April 2005
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Article for Janes Transport Finance covering KG' companies,
tax leases, and other structures- with particular emphasis on the sale
of tankers (old and not so old) with charters back.
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Shoes and Ships: Finance
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April 2005
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Articles for Fairplay on Majestic Shipping, and on current
crop of Shipping IPO's and their similiarities with the
late 1990's
harvest of high yield debt
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Eagle Bulk Shipping
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Apr. 2005
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Articles
for Fairplay
and Janes
Transport Finance
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Energy Articles
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Mar. 2005
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Find out little factoids like how many voyages are required
to transport additional Mbbl/day of U.S. import demand, and how
much LNG the U.S.
might
import in
coming years.
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Sean Day - CMA Commodore
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Mar. 2005
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Profile of the consumate shipping company CEO, written for
Fairplay CMA issue. A Rhodes Scholar running the world's largest tanker
company.
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DryShips
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Febr. 2005
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Another Greek IPO, article
for Janes Transport Finance. Since this article was written, the fleet
has been expanded to 27 ships, they have paid a dividend, and have done
many things right.
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Cantor Fitzgerald
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Febr. 2005
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Article for Fairplay on a new player in the ship finance
market with four deals under its belt so far. Speaking of Greeks and
Jewish New Yorkers- read
about Majestic Shipping, where Papachristidis
meets Tisch and Rudin!
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The Cash Bash
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Febr. 2005
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Article for Janes Transport Finance- share
buybacks,
convertible debt, full payout companies.
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General Maritime No Dividend to Full Payout
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Febr. 2005
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Article for Fairplay. GMR- from a growth outfit to a full
dividend payer competing with Frontline for who can pay bigger
dividends. Here is how Fairplay wrote it up (note- not my headlines!), and
here is Peter
G's retort.
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Maritime Security Redux
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Jan. 2005
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Submission to Digital Ship including a host of new
characters including Bernard Kerik, Tiger Woods and Superman.
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Tanker Market Review- Fairplay
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Jan. 2005
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This is a pdf,
minus the charts from IMAREX and the Baltic Exchange and
Clarksons, of my article on tankers. Note that Teekay used same
approach to supply demand in their 4Q 2004 Conference Call with
investors.
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Container Ship Finance
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Jan. 2005
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Article for
Janes Transport Finance. If you speak Deutsch, it can help with those
KG prospectuses.
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LNG Shipping Finance
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Dec. 2004
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Article submitted to Janes Transport Finance. The new
vessels exceed 200,000 m3 and exceed
US $200 Million.
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Yield Based Shipping Equities
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Nov. 2004
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Got the cash??? Read our submissions
to Janes Transport Finance and to
Fairplay on this important emerging trend in shipping finance.
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Training and Simulation
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Nov. 2004
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Read our submission to The Digital Ship / Tanker Operator. A
few months later I wrote an article for the Digital Ship on getting better
data.
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Tanker Stock Mania and Short Sea Mania
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October, 2004
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Fairplay submissions regarding U.S. Shipping
Partners L.P. (actual
clip is here), Arlington Tankers (actual clip),
and Osprey
Container Line.
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MARAD Short Sea Shipping Conference
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October, 2004
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Article submitted to Fairplay covering MARAD's third annual
Short Sea Shipping Conference, held in New York, which was really as
much about politics and logistics as it was about operating vessels.
See the actual
clip here.
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Ontology and all that stuff- Magenta Tech.
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October, 2004
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Read our submission to Digital Ship / Tanker Operator on
Magenta Technology's groundbreaking scheduling program being tested at
Tankers International.
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The
9/11 Report
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Sept, 2004
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Read the submission to HSToday (Sept issue) providing a
prescription for maritime security, following recommendations in the
9/11 Report.
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Short Sea Shipping
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August, 2004
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An article that was submitted to Lloyds Shipping Economist
on an oft discussed topic, showing the complexities of funding project
that may not turn self-supporting for decades.
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Scrap Metal
Freight
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Sept, 2004
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The perfect storm, the volatile cocktail....whatever you
call it, shippers of scrap metal have gotten triple whammied in the
freight markets. Read a draft similar to our article in SCRAP magazine,
discussing
freight markets and immunization strategies. Sorry boffins- no hedging
examples, but some good graphics of the Baltic Handymax Index.
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AIS COMES ALIVE!
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August, 2004
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Once a century, I review a site that is a paradigm-setter.
The company described in the submission to the Digital Ship (actual
pdf here), AISLIVE,
embodies all the ideas from my AIS article
of last summer, down to the VHF radio antenna mounted on the roof
facing the harbour. CHECK OUT an Extra
clip here of a similar bdp1 article appearing in Port Technology
International.
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First
Ship Lease
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July, 2004
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Read the submission and the article
clip that appeared in Fairplay. A great article that gives a human
side to the highly complex world of ship leasing.
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| The
Nick
Tsakos article |
June, 2004 |
Another Posidonia,
another cover article! Read about Tsakos Energy Navigation. This
appeared in the same issue of Fairplay with the "Greeks in Transition"
article below. |
| The EVA article |
July, 2004 |
Economic Value Added -
when does "accretive" mean "black hole"? And, was the Stelmar board
using an EVA model when it looked at OMI's bid? Read our submission to
Lloyds Shipping Economist.
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| US
Maritime Security on the eve of July 1 |
May, 2004 |
Article sent in
to THE DIGITAL SHIP, looking at solutions to maritime security issues
deployed by the US Coast Guard, Customs and Border Patrol, and the U.S.
Navy |
Fairplay Newswatches and Company Stories
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May, June
2004
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Various short company specific articles on
Stelmar ( a
Greek
tragi-comedy where 5 divided by 2 equals 1.75), Ship
Finance International Limited (5 divided by 2
equals 3) and on Horizon
Lines (private equity scoring very big in US
flag shipping). Horizon clip here.
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Greeks in Transition
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June, 2004 |
The Greek companies are more corporate in style. This is a
pdf of an article that appeared in Fairplay, evaluating the impact of
the seemingly increased transparency. |
| The Big Pipe Article |
May, 2004 |
The articles on VSAT technology inspired this look, sent in
to THE DIGITAL SHIP, at various onboard applications and how they may
be enhanced through broader connections. View the actual
clip here.
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| Onboard
Security in The Digital Age |
April, 2004 |
This article
was sent in to THE DIGITAL SHIP. If the Limburg had been properly
equipped for their voyage, things might have been a little different
on that October day. Link
to a pdf of the actual article. |
| Title
XI Ship Finance Debt |
Spring,
2004 |
This
article was submitted to WORKBOAT for publication shortly after the
first version of the FY 2005 budget attempt to zero out the program.
Click here to open an actual
pdf clip from the magazine (6 MB file). |
| The Facility
Side of Maritime Security |
April, 2004 |
After all those
articles about how vessels
are handling the ISPS, it was time to do an article about what how
facilities are coping. Some exciting new technologies are being
deployed and the word "perimeter" has taken on a new meaning. This is pdf from ST&D online edition. |
| The MLP article |
April, 2004 |
Article sent in
to Lloyds Shipping
Economist all about the recent K-Sea offering and the mechanics behind
Master Limited Partnerships. If you are interested in this topic, you
can also read about Ship Finance International Limited- not an MLP but a
mechanism for a company to distribute cash.
|
| Short
Sea Shipping |
March 11, 2004 |
Read the latest
SCOOP on efforts to create
a short sea shipping sector that would pull freight off the crowded
interstate highways in the Northeastern US. This article was submitted
to Fairplay. |
| Connexion
By Boeing |
February, 2004 |
VSAT originally designed for airline passengers comes to the
high seas. This article was submitted to The Digital Ship. |
| Peter G CMA Commodore biography |
March11 , 2004 |
This is a pdf of an article about General Maritime
Corporation submitted to FAIRPLAY. After mods by the Editors, Peter G
was pictured on the cover. |
| The V MAX article |
Jan 2004 |
pdf submitted to DIGITAL
SHIP, all about the tankers of the future- the V-MAX vessels built by
Stena. They are tied nicely to a Maritime Security project that nobody
wanted to talk about it (in spite of all the public hype and
screenshots galore). |
| Vessel Security Update |
March 25, 2004 |
The Coast Guard
is reviewing Vessel Security Plans on US vessels, and Flag States are
reviewing plans on foreign vessels- except for non SOLAS foreign
vessels. Got that? pfd submitted to Fairplay. View a
pdf clip from the actual online version. |
| Mike Marco biography |
March, 2003 |
During the coldest Winter in recent memory, I interviewed
Mike via long distance phone from his sun deck near Marco Island, Fla.
This is a pdf from text sent in to DIGITAL SHIP. |
| Tanker Market
Prognosis |
January, 2004 |
pdf of article
submitted
to FAIRPLAY. Even though I cautioned the Editors that my crystal ball
was broken, they pressed for a forecast. |
| Small Boat Finance |
January, 2004 |
pdf of article submitted
to WORKBOAT all about equipment finance for workboats and small craft
such as ferries. Good selection of quotes here from the big players. |
| The Peter G
biography |
February, 2003 |
The actual pdf
clip file from TANKER OPERATOR where the article appeared. This is the
biography of Peter Georgiopoulos, the CEO of General Maritime
Corporation. It was written shortly before General Maritime purchased
the assets of Metrostar. |
| Tanker
Banker |
July, 2002 and Jan 2003 |
pdf of two articles submitted to TANKER OPERATOR covering
some of the trends in banking. Quite often, these centered on raising
money thru Club deals (ie bank syndicates) to finance big consolidation
deals. |
| Tanker
Stocks |
Autumn 2001,
Spring 2002, Autumn 2002 |
pdf of three
articles submitted regarding listed stocks, in TANKER OPERATOR put in
the context of where the market was at the time. Happily, the market
calls here were on target, particularly as the tanker market dove in
mid 2002, and I said that
it would come back. |
| Deconsolidation |
Oct, 2003 |
pdf as submitted to
TANKER OPERATOR for their Piraeus Tanker Conference. Never mind that it
chronicles a very un-Greek company, Frontline. The article was the
first in the industry to delve deeply into the restructure. |
|
Maritime
Security Impact on listed Tanker shares.
|
April, 2003 |
A nice segue
from
finance into the murky realm of security assessments and plans. No
other analyst had come up with these numbers, bridging Coast Guard
estimates with company data! pdf as submitted to TANKER OPERATOR. |
| Supply
chain Security |
June, 2003 |
pdf file from submission
to DIGITAL SHIP. Supply chain security is something of an oxymoron. So,
after 9/11, it is interesting to see how Savi and others try to
deconstruct a system built for speed- without slowing it down. |
| Port Security- Technologies |
Jan. 2003 |
pdf file from
PORT
TECHNOLOGY INTERNATIONAL. This article showcases the various
technologies that ports will be using to inspect containers and to
detect radiation, the last tier in a multi-tiered defense. Download the
actual
clip here! |
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