Edition:
India

Seaspan Corp (SSW.N)

SSW.N on New York Stock Exchange

10.10USD
12:57am IST
Change (% chg)

$-0.28 (-2.70%)
Prev Close
$10.38
Open
$10.32
Day's High
$10.32
Day's Low
$10.06
Volume
104,164
Avg. Vol
221,959
52-wk High
$10.71
52-wk Low
$7.05

Latest Key Developments (Source: Significant Developments)

Seaspan Files For Offering Of 38.5 Mln Co's Class A Common Shares
Wednesday, 27 Mar 2019 

March 27 (Reuters) - Seaspan Corp ::SEASPAN CORP FILES FOR OFFERING OF 38.5 MILLION CO'S CLASS A COMMON SHARES BY SELLING SECURITY-HOLDERS - SEC FILING.SEASPAN CORP - WILL NOT RECEIVE ANY OF THE PROCEEDS FROM THE SALE OF THESE COMMON SHARES BY THE SELLING SECURITY-HOLDERS.  Full Article

Seaspan Corp Files For Offering Of 52.8 Mln Co's Class A Common Shares By Selling Security-Holders
Saturday, 19 Jan 2019 

Jan 18 (Reuters) - Seaspan Corp ::SEASPAN CORP FILES FOR OFFERING OF 52.8 MILLION CO'S CLASS A COMMON SHARES BY SELLING SECURITY-HOLDERS - SEC FILING.  Full Article

Fairfax Financial Invests Additional $500 Mln In Seaspan
Thursday, 31 May 2018 

May 31 (Reuters) - Seaspan Corp ::FAIRFAX FINANCIAL INVESTS ADDITIONAL $500 MILLION IN SEASPAN, INCREASING TOTAL INVESTMENT TO $1 BILLION.SEASPAN - ON JULY 16, FAIRFAX WILL EXERCISE ALL OF WARRANTS ISSUED TO FAIRFAX ON FEBRUARY 14, 2018.SEASPAN - FAIRFAX WILL EXERCISE WARRANTS ISSUED TO BUY ABOUT 38.46 MILLION CLASS A SHARES AT EXERCISE PRICE OF $6.50/SHARE.SEASPAN CORP - IN JAN, 2019, FAIRFAX WILL EXERCISE WARRANTS ISSUED TO FAIRFAX IN CONNECTION WITH CLOSING OF FAIRFAX'S SECOND DEBENTURE INVESTMENT.SEASPAN - UPON EXERCISE OF WARRANTS IN JAN 2019, FAIRFAX WILL ACQUIRE ABOUT 38.46 MILLION CLASS A SHARES AT EXERCISE PRICE OF $6.50/SHARE.SEASPAN - FAIRFAX FINANCIAL HOLDINGS TO INVEST EQUITY IN SEASPAN THROUGH EXERCISE OF 2 TRANCHES OF WARRANTS.  Full Article

Seaspan Acquires Greater China Intermodal Investments Llc
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Carlyle Group Lp ::SEASPAN ACQUIRES GREATER CHINA INTERMODAL INVESTMENTS LLC.SEASPAN CORP - TRANSACTION SIGNIFICANTLY ACCRETIVE TO SEASPAN'S EARNINGS PER SHARE.SEASPAN - DEAL FOR IMPLIED ENTERPRISE VALUE OF GCI IS ABOUT $1.6 BILLION.SEASPAN - ACQUIRED REMAINING 89% CO DID NOT OWN OF GREATER CHINA INTERMODAL INVESTMENTS LLC FROM AFFILIATES OF CARLYLE GROUP & MINORITY OWNERS OF GCI.SEASPAN-FAIRFAX FINANCIAL TO INVEST ADDITIONAL $250 MILLION IN 5.5% DEBENTURES AND WARRANTS, INCREASING TOTAL FAIRFAX INVESTMENT IN SEASPAN TO $500 MILLION.SEASPAN - DEAL CONSIDERATION TO SELLING SHAREHOLDERS WILL BE CASH OF ABOUT $330 MILLION & $50 MILLION ISSUANCE OF CO'S SERIES D PREFERRED SHARES.SEASPAN - FINANCED DEAL CASH CONSIDERATION WITH CASH FROM BALANCE SHEET & $16 MILLION REINVESTMENT BY WASHINGTON FAMILY IN CO'S COMMON EQUITY.SEASPAN - IMPLIED ENTERPRISE VALUE OF GCI INCLUDES ASSUMED THIRD PARTY NET DEBT OF ABOUT $1.0 BILLION & $140 MILLION OF FUTURE VESSEL PAYMENTS.SEASPAN - GCI'S CURRENT FLEET WILL ADD ABOUT $1.3 BILLION TO CO'S CONTRACTED FUTURE REVS, INCREASING CO'S TOTAL CONTRACTED FUTURE REVS TO ABOUT $5.6 BILLION.  Full Article

Seaspan Q4 Earnings Per Share $0.34
Wednesday, 28 Feb 2018 

Feb 27 (Reuters) - Seaspan Corp ::SEASPAN REPORTS FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2017.Q4 ADJUSTED EARNINGS PER SHARE $0.16.Q4 EARNINGS PER SHARE $0.34.Q4 REVENUE $214.4 MILLION.  Full Article

Seaspan Acquires Two 2500 TEU Vessels And Enters Into Four Year Time Charters With Maersk
Tuesday, 6 Feb 2018 

Feb 5 (Reuters) - Seaspan Corp ::SEASPAN ACQUIRES TWO 2500 TEU VESSELS AND ENTERS INTO FOUR YEAR TIME CHARTERS WITH MAERSK.SEASPAN - ‍UPON DELIVERY OF BOTH VESSELS CO'S OPERATING AND MANAGED FLEET, INCLUDING NEWBUILDS, WILL EXPAND TO 112 VESSELS.  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 pricing of $80 mln public offering of 7.125% senior notes
Tuesday, 3 Oct 2017 

Oct 2 (Reuters) - Seaspan Corp :Seaspan announces pricing of $80 million public offering of 7.125% senior notes.Priced its previously announced $80 million public offering of senior unsecured notes due 2027.  Full Article