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StealthGas cancels share offer

StealthGas has cancelled plans for a stock offering announced earlier this week.

Marcus Hand, Editor

December 12, 2013

1 Min Read
Kalyakan - stock.adobe.com

In a brief statement the company said it would “not proceed with its previously announced public offering of common stock at this time as it is not in the best interests of its stockholders”.

On 9 December the NASDAQ-listed shipowner had announced plans to issue 10m shares with the proceeds to be used for vessel acquisitions and capital expenditure.

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.

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