Sponsored By

Seaspan drops share and bond issue plansSeaspan drops share and bond issue plans

Seaspan Corp has dropped plans for a public share issue and $125m convertible bond issue.

Marcus Hand, Editor

October 11, 2013

1 Min Read
Kalyakan - stock.adobe.com

The New York-listed boxship owner announced plans earlier this week to issue 53m new shares and $125m worth convertible bonds due in 2018 for purposes potentially to fund its newbuilding plans.

In a short statement on Thursday Seaspan said it would not be proceeding with the offerings “as it would not be in the best interests of our shareholders”.

 

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like