• ITVI.USA
    12,678.660
    5.150
    0%
  • OTLT.USA
    2.868
    0.001
    0%
  • OTRI.USA
    8.620
    0.000
    0%
  • OTVI.USA
    12,733.190
    6.750
    0.1%
  • TSTOPVRPM.ATLPHL
    2.780
    -0.050
    -1.8%
  • TSTOPVRPM.CHIATL
    2.390
    -0.270
    -10.2%
  • TSTOPVRPM.DALLAX
    1.800
    -0.040
    -2.2%
  • TSTOPVRPM.LAXDAL
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.PHLCHI
    1.990
    -0.020
    -1%
  • TSTOPVRPM.LAXSEA
    2.880
    -0.060
    -2%
  • WAIT.USA
    125.000
    6.000
    5%
  • ITVI.USA
    12,678.660
    5.150
    0%
  • OTLT.USA
    2.868
    0.001
    0%
  • OTRI.USA
    8.620
    0.000
    0%
  • OTVI.USA
    12,733.190
    6.750
    0.1%
  • TSTOPVRPM.ATLPHL
    2.780
    -0.050
    -1.8%
  • TSTOPVRPM.CHIATL
    2.390
    -0.270
    -10.2%
  • TSTOPVRPM.DALLAX
    1.800
    -0.040
    -2.2%
  • TSTOPVRPM.LAXDAL
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.PHLCHI
    1.990
    -0.020
    -1%
  • TSTOPVRPM.LAXSEA
    2.880
    -0.060
    -2%
  • WAIT.USA
    125.000
    6.000
    5%
American Shipper

Seaspan offering 5 million shares at $29.45 each

Seaspan offering 5 million shares at $29.45 each

New York-listed non-operating vessel owner Sea Corp. is offering 5 million common shares at $29.45 per share.

   The net proceeds, after underwriting discounts and offering expenses, will be about $141 million, Seaspan said. The company plans to use the money to pay for a number of ordered ships and for working capital and other general corporate purposes.

   The underwriters have been granted an option to purchase up to 750,000 additional common shares to cover overallotments, if any. Citi and Merrill Lynch & Co. acted as joint book-running managers of the offering. Dahlman Rose & Co. acted as a co-manager.

   Seaspan has an active fleet of 26 containerships chartered to some of the world’s largest liner companies, including A.P. Moller-Maersk, Hapag-Lloyd, Mitsui O.S.K. Lines, COSCO Container Lines, and China Shipping. Seaspan’s orderbook will see 21 more ships delivered over the next three years or so.