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Seaspan Corp (SSW.N)

SSW.N on New York Stock Exchange

7.76USD
20 Apr 2018
Change (% chg)

$0.73 (+10.38%)
Prev Close
$7.03
Open
$7.40
Day's High
$7.82
Day's Low
$7.38
Volume
997,206
Avg. Vol
448,343
52-wk High
$7.91
52-wk Low
$5.02

Latest Key Developments (Source: Significant Developments)

Seaspan Announces Senior Management Change
1:45am IST 

April 20 (Reuters) - Seaspan Corp ::SEASPAN ANNOUNCES SENIOR MANAGEMENT CHANGE.SEASPAN - MARK CHU NOTIFIED CO THAT HE PLANS TO STEP DOWN AS GENERAL COUNSEL AND CHIEF OPERATING OFFICER.SEASPAN CORP - CHU WILL REMAIN IN HIS CURRENT ROLES THROUGH AUGUST 31, 2018.  Full Article

Seaspan Corp Files For Mixed Shelf Offering Of Up To $2 Bln
Saturday, 14 Apr 2018 

April 13 (Reuters) - Seaspan Corp ::SEASPAN CORP FILES FOR MIXED SHELF OFFERING OF UP TO $2 BILLION - SEC FILING.SEASPAN CORP SAYS IN ADDITION, SELLING SECURITY-HOLDERS OFFERING UP TO 41.0 MILLION CLASS A COMMON SHARES.  Full Article

Seaspan Says Ryan Courson Appointed CFO
Tuesday, 10 Apr 2018 

April 9 (Reuters) - Seaspan Corp ::SEASPAN ANNOUNCES CHANGE IN CHIEF FINANCIAL OFFICER.SEASPAN CORP <<>> SAYS RYAN COURSON APPOINTED CFO.SEASPAN CORP - CFO DAVID SPIVAK HAS GIVEN NOTICE THAT HE IS EXERCISING HIS RIGHT TO TERMINATE HIS EMPLOYMENT WITH CO.  Full Article

Seaspan buying shipping vessels from Carlyle,Others in $450 million deal - WSJ
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Seaspan Corp ::SEASPAN CORP. SSW IS TAKING OVER COLLECTION OF SHIPPING VESSELS FROM CARLYLE GROUP,OTHER INVESTORS IN $450 MILLION DEAL - WSJ CITING SOURCES.FAIRFAX WILL INVEST ANOTHER $250 MILLION INTO SEASPAN - WSJ CITING SOURCES.  Full Article

Seaspan Says Fairfax Financial To Invest In Co For Issuance Of 5.5% Interest Bearing Unsecured Debentures, Share Purchase Warrants
Thursday, 4 Jan 2018 

Jan 3 (Reuters) - Seaspan Corp ::SEASPAN ANNOUNCES LETTER OF INTENT FOR POTENTIAL $250 MILLION UNSECURED 5.50% DEBENTURE AND WARRANT INVESTMENT FROM FAIRFAX FINANCIAL HOLDINGS LIMITED.SEASPAN - FAIRFAX FINANCIAL TO INVEST IN CO FOR ISSUANCE OF 5.5% INTEREST BEARING UNSECURED DEBENTURES, CLASS A SHARE PURCHASE WARRANTS.SEASPAN - INTENDS TO USE PROCEEDS FROM $250 MILLION INVESTMENT TO FUND FUTURE GROWTH INITIATIVES, DEBT REPAYMENT.SEASPAN - FAIRFAX MAY NOMINATE 1 INDEPENDENT DIRECTOR TO CO'S BOARD IF LESS THAN 50%, BUT OVER 20%, OF DEBENTURES REMAIN OUTSTANDING.SEASPAN-‍FAIRFAX WILL HAVE RIGHT TO NOMINATE TWO INDEPENDENT DIRECTORS TO BOARD OF DIRECTORS OF CO FOR SO LONG AS 50% OF DEBENTURES REMAIN OUTSTANDING​.  Full Article

Seaspan appoints Bing Chen as CEO
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Seaspan Corp :Seaspan appoints Bing Chen as chief executive officer.Seaspan Corp - ‍Gerry Wang will be retiring as CEO and director of Seaspan effective November 3​.Seaspan Corp - ‍upon Wang's retirement, Peter Curtis will also serve as Seaspan's interim chief executive officer until Chen's arrival​.  Full Article

Seaspan Corp reports Q3 earnings per share $0.26
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Seaspan Corp :Seaspan reports financial results for the three and nine months ended September 30, 2017.Q3 adjusted earnings per share $0.18.Q3 earnings per share $0.26.Q3 revenue $211 million versus I/B/E/S view $212.2 million.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.  Full Article

Seaspan announces public offering of series H shares
Thursday, 4 Aug 2016 

Seaspan Corp : Seaspan announces public offering of series H cumulative redeemable perpetual preferred shares .Intends to use net proceeds of offering for general corporate purposes, which may include funding acquisitions among others.  Full Article

Seaspan qtrly EPS $0.23
Tuesday, 26 Jul 2016 

Seaspan Corp : Qtrly revenure $224.3 million versus $199.2 million . Seaspan reports financial results for the three and six months ended June 30, 2016 .Qtrly earnings per share, basic and diluted $0.23.  Full Article

Seaspan acquires two newbuilding vessels and associated 17-year charters for $195.6 mln
Thursday, 30 Jun 2016 

Seaspan Corp : Seaspan acquires two newbuilding vessels and associated 17-year charters for $195.6 million . Vessels will commence 17-year bareboat charters with MSC Mediterranean Shipping Company S.A. upon deliveries . Seaspan will assume a total of approximately $88.1 million in remaining instalments under shipbuilding contracts for vessels . Balance under Seaspan's demand loan with GCI will be reduced by $107.5 million to fund remainder of purchase price . Has entered into a 17-year lease financing arrangement with an asian-based leasing company with total commitments of approximately $168 million . Acquisition, related financing expected to be accretive to Seaspan's earnings per share and distributable cash flow once vessels are delivered .Two vessels are sister ships to three vessels seaspan has scheduled for delivery in 2017 and chartered to MSC.  Full Article

BRIEF-Seaspan Announces Senior Management Change

* SEASPAN - MARK CHU NOTIFIED CO THAT HE PLANS TO STEP DOWN AS GENERAL COUNSEL AND CHIEF OPERATING OFFICER