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Seaspan Corp (SSW.N)

SSW.N on New York Stock Exchange

8.41USD
16 Oct 2018
Change (% chg)

$0.19 (+2.31%)
Prev Close
$8.22
Open
$8.22
Day's High
$8.43
Day's Low
$8.22
Volume
141,981
Avg. Vol
227,881
52-wk High
$10.71
52-wk Low
$5.50

Latest Key Developments (Source: Significant Developments)

Seaspan Announces Term Sheet For Restructuring Of Swiber Holdings Limited
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Seaspan Corp ::SEASPAN ANNOUNCES TERM SHEET FOR INVESTMENT IN THE RESTRUCTURING OF SWIBER HOLDINGS LIMITED.SEASPAN CORP - INVESTMENT IS EXPECTED TO BE FUNDED IN TWO TRANCHES.SEASPAN CORP - HAS ENTERED INTO A BINDING TERM SHEET FOR A POTENTIAL INVESTMENT OF UP TO US$200 MILLION.SEASPAN CORP - INTENDS TO FUND INVESTMENT WITH CASH ON HAND..SEASPAN CORP - ENTERED BINDING TERM SHEET FOR INVESTMENT IN RESTRUCTURED SWIBER HOLDINGS LIMITED.  Full Article

Seaspan Corp Says Selling Security-Holders May Offer And Resell Up To 25 Mln Class A Common Shares
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Seaspan Corp ::SEASPAN CORP SAYS SELLING SECURITY-HOLDERS MAY OFFER AND RESELL UP TO 25.0 MILLION CLASS A COMMON SHARES - SEC FILING.  Full Article

Seaspan Reports Qtrly EPS $0.37
Wednesday, 2 May 2018 

May 2 (Reuters) - Seaspan Corp ::SEASPAN REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2018.QUARTERLY ADJUSTED EARNINGS PER SHARE $0.13.QUARTERLY EARNINGS PER SHARE $0.37.QUARTERLY REVENUE ROSE 11.7 PERCENT TO $224.8 MILLION.Q1 EARNINGS PER SHARE VIEW $0.17, REVENUE VIEW $224.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Seaspan Announces Senior Management Change
Friday, 20 Apr 2018 

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
Friday, 13 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
Monday, 9 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
Wednesday, 3 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
Tuesday, 31 Oct 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
Tuesday, 31 Oct 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

Marine shipping sector eyes LNG to meet clean fuel rules

WASHINGTON, June 28 With new global emissions standards looming, the marine shipping industry is increasingly looking at liquefied natural gas as alternative to high-sulfur bunker fuel, shipping and energy executives said at a global gas summit this week.