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Seaspan Corp (SSW.N)

SSW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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
Monday, 25 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
Wednesday, 29 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

Seaspan announces redemption of remaining series C preferred shares
Friday, 3 Jun 2016 

Seaspan Corp : Seaspan announces redemption of remaining series C preferred shares . Series C preferred shares will be redeemed at cash redemption price of $25.00 per share . Will exercise its right to redeem 4.3 million shares of its 9.50 pct series C cumulative redeemable perpetual preferred shares .Dividends on series C preferred shares to be redeemed will cease to accrue on redemption date.  Full Article

Seaspan announces additional partial redemption of series C preferred shares
Friday, 27 May 2016 

Seaspan Corp : Seaspan announces additional partial redemption of series c preferred shares . Will exercise its right to redeem 3,400,000 shares of its 9.50 pct series C cumulative redeemable perpetual preferred shares . Series C preferred shares will be redeemed at cash redemption price of $25.00 per share .3,400,000 series c preferred shares to be redeemed are in addition to previously announced redemption of 5,600,000 series c preferred shares.  Full Article

Seaspan accepts delivery of eighth 14000 TEU SAVER containership
Friday, 27 May 2016 

Seaspan Corp : Seaspan accepts delivery of eighth 14000 TEU SAVER containership . YM Width will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp . Yang Ming may extend charter for up to an additional two years .Delivery of YM Width expands company's operating fleet to 89 vessels..  Full Article

Seaspan says it entered into over $540 mln of debt and equity financings
Thursday, 19 May 2016 

Seaspan Corp : Says it has entered into over $540 million of debt and equity financings . Has entered into a five-year employment agreement with its CEO Gerry Wang, effective until May 2021 . Says entered into a 17-year lease financing arrangement with an Asian-based leasing company for gross proceeds of over $250 million .Lease financing proceeds to fund construction and delivery of three 11,000 TEU newbuild containerships, expected during 2017.  Full Article

PRESS DIGEST-Canada- Jan 22

Jan 22 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.