Lloyd's List - Finance

Analysis

Private placement possibilities
Fredriksen funding move highlights alternative to standard bank lending
Attack of the shipping zombies
Many companies meet their interest payments but cannot repay the principal
Plight of the living dead
Learning how to spot a ‘zombie’ company is no easy matter
State of independence
Some of China’s shipping bosses are uneasy about being linked to the cash-rich government
Tokyo’s currency boost
A sliding yen is good news for Japan’s tried but tenacious shipbuilders
The hows and whys of impairment
Values on paper need to reflect real world, accountants stress
Setting the parameters
Impairment test is slightly different under the US Generally Accepted Accounting Principles
Ship finance cloud has a silver lining
Less access to lending prevents owners placing new orders
Export credit agencies make inroads into newbuilding finance
Agencies are now integral to most major deals
Matchmaker, matchmaker make me a match
Yards and banks can help owners to find the right contacts
OECD members’ rules set a framework to avoid state handouts
Guidelines offer framework for gentlemen’s agreements
Spanish tax lease deal could mean discounts for all comers
European Commission has insisted on a level playing field
China rises as a power in the ship finance market
The country increases its lending as other sources dry up
Another year older and deeper in debt
Shipping will remember 2012 for the way excess borrowing met excess capacity
Last waltz for German shipping firms as solutions remain elusive
In Hamburg’s Grand Elysée Hotel ballroom, a ship finance conference debates insolvencies