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Cover Story

Equity is key for shipping as banks tighten their belts

The reluctance of banks to jump back into the ship finance water was expressed by Jeffrey Pribor, chief financial officer (CFO) of crude oil tanker ...

18-Mar-2010


Thai Air to tap market
Thai Airways International is finalising a request for proposals (RFP) to raise over USD400 million to help pay for new aircraft as well as ...
18-Mar-2010

ILFC increases borrowing
Arrangers Bank of America Merrill Lynch and Goldman Sachs have begun shopping an additional USD550 million, six-year term loan to accompany a USD750 million, ...
18-Mar-2010

Nordavia eyes Embraer order
Nordavia Regional Airlines, formerly known as Aeroflot-Nord, is considering the possibility of acquiring 12 ERJ-145 aircraft. A decision is expected to be made in ...
18-Mar-2010

Investors eye SpiceJet stake
The three foreign investors in India-based SpiceJet - Wilbur Ross, Goldman Sachs and Dubai's Istithmar - may become majority shareholders in the airline company ...
18-Mar-2010

Recent Orders
Recent Orders
18-Mar-2010

*Equity is key for shipping as banks tighten their belts
The reluctance of banks to jump back into the ship finance water was expressed by Jeffrey Pribor, chief financial officer (CFO) of crude oil ...
18-Mar-2010

Aircraft dealwatch
Aircraft dealwatch table
18-Mar-2010

Infrastructure starts recovery
The transport infrastructure market is reviving after a tough 2009. Most bankers, lawyers and analysts maintain that the capital markets are definitely open to ...
18-Mar-2010

Shipping dealwatch table
Shipping dealwatch table
18-Mar-2010

Jat rules out bankruptcy
Serbia's state-owned national airline company Jat Airways has indicated that it will not file for bankruptcy despite heavy debts. With the 2009 loss of ...
18-Mar-2010

Brazil may up ownership
Foreigners will be able to take a stake of up to 49 per cent in Brazilian airlines compared with the current 20 per cent ...
18-Mar-2010

Orderwatch table
Orderwatch table
18-Mar-2010

Garuda nears ECA pact
Indonesian flag carrier Garuda Indonesia is said to be close to an agreement on the restructuring of USD241.2 million of debt, extending the maturity ...
17-Mar-2010

BAA selling assets
UK airport operator BAA, owned by Spanish builder Grupo Ferrovial, is said to be in talks to sell real estate assets worth EUR800 million ...
17-Mar-2010

CA-CIB closes KLM deal
Sole arranger CA-CIB closed on 17 March a Jolco optimised lease financing combined with commercial debt for one ERJ-190 to be operated by Dutch ...
17-Mar-2010

Gol completes another Eximbond
Brazilian carrier Gol has completed its final capital markets conversion for a USD220 million US Eximbank-supported transaction that was mandated in 2009. The USD59.2 ...
17-Mar-2010

Nenaco to go public
Shipping company Negros Navigation Co (Nenaco) plans to list on the Philippine Stock Exchange after an early exit from restructuring. The company plans to ...
17-Mar-2010

Teekay Offshore selling units
Teekay Offshore Partners LP, a publicly traded master limited partnership formed by Teekay Corporation, plans to offer 4.4 million common units, representing limited partner ...
17-Mar-2010

Adelaide mulls debt buyback
Adelaide Airport is considering buying back AUD264 million (USD240.9 million) of wrapped bonds in exchange for a new AUD 5.5-year unwrapped issue. The borrower ...
17-Mar-2010

Tax break for Montevideo port
The Uruguayan government plans to sign a decree granting tax benefits to investors in Montevideo port's second container terminal. Uruguay's national port authority (ANP) ...
17-Mar-2010

Asiana lands lifeline
Creditors of Kumho Asiana Group have approved KRW120 billion (USD106 million) in fresh loans to Asiana Airlines Inc, which has had a shortage of ...
17-Mar-2010

IATA halves loss estimate
The International Air Transport Association (IATA) has halved its loss forecast for 2010 to USD2.8 billion, compared to the USD5.6 billion loss forecast in ...
17-Mar-2010

Wilhelmsen to launch IPO
Oslo-based and family-controlled Wilh Wilhelmsen plans to spin off its shipping and logistics units in an initial public offering (IPO) on the Oslo bourse ...
16-Mar-2010

Gaia seeks equity injection
With the current record low values of containerships, former BW Gas executives Jan Haakon Pettersen and Garup Meidell are attempting to raise USD100 million ...
16-Mar-2010

Wintermar mulls IPO
Sources maintain that Jakarta-based offshore marine specialist Wintermar plans to launch an initial public offering (IPO) in late 2010. Wintermar plans to raise USD25-30 ...
16-Mar-2010

Safe Bulkers plans share sale
Athens-based drybulk specialist Safe Bulkers plans to offer nine million shares of common stock to the public. In connection with the public offering, the ...
16-Mar-2010

Brewery to buy airport
San Miguel Corporation, southeast Asia's largest publicly listed food, beverage and packaging company and the largest brewer in the Philippines, has agreed to buy ...
16-Mar-2010

Banks deliberate Vinalines loan
An information memorandum for the USD100 million, three-year term loan for Vietnam National Shipping Lines (Vinalines) was issued in early March by mandated lead ...
16-Mar-2010

WestJet names new CEO
Calgary-based airline WestJet has announced the appointment of Gregg Saretsky as president and chief executive officer (CEO), effective on 1 April. Saretsky will replace ...
16-Mar-2010

ICTSI mandates deal
HSBC and JP Morgan Securities have been mandated by Philippine Stock Exchange-listed International Container Terminal Services Inc (ICTSI) as joint bookrunners and lead managers ...
16-Mar-2010

Vietnam eyes rail loans
Vietnam has begun talks with potential lenders following its plan to build a north-south express railway, the country's biggest transportation project ever, according to ...
16-Mar-2010

Cosco to raise funds
Cosco Shipping, controlled by China's biggest shipping company, plans to raise almost CNY4 billion (USD586 million) in a rights offer to buy new vessels ...
16-Mar-2010

MISC issues RFP
A request for proposals (RFP) has emerged from Malaysian operator MISC and oil trading company Vitol to raise some USD250 million to help pay ...
16-Mar-2010

Yingkou prices debentures
China's Yingkou Port has priced its CNY1.2 billion (USD175.8 million), eight-year non-put five fixed-rate corporate bond issue at 5.9 per cent after the bookbuilding ...
15-Mar-2010

SCI deal syndicating
The USD260 million financing for Shipping Corporation of India (SCI) has been launched into general syndication by arranger and bookrunner State Bank of India. ...
15-Mar-2010


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