14.5 C
Hamburg
Wednesday, June 4, 2025
Home News Seaspan files to sell bonds in Tel Aviv

Seaspan files to sell bonds in Tel Aviv

Seaspan has filed to sell 450 million shekels ($122 million) of bonds on the Tel Aviv Stock Exchange. In a draft prospectus filed Sunday (Nov. 04), the company said it planned to issue bonds due in 2024 in shekels and would dual-list its New York Stock Exchange-traded shares on the TASE. The company, which designs and builds cargo ships tailored to customers’ requirements and provides maintenance, crew and management, boasts 112 vessels, making it one of the world’s largest container shipowners.

As of September 30, it had signed contracts that would generate $5.2 billion in revenue, and has 4,300 employees, of whom 4,100 are seamen. Last week it reported that in the first nine months it boosted revenue 30% from a year earlier to $801.4 million, while net profit rose 85% to $215.7 million. Seaspan is 34%-owned by the U.S.-based Washington family.

Read the original article here.





Latest Posts

ORBCOMM unveils new container visibility tool

ORBCOMM has announced the launch of CrewView, an onboard visibility solution designed to give vessel crews real-time access to data from smart refrigerated and...

SAAM-Enap partnership: Latin America’s first electric tug en route to Chile

Latin America’s first fully electric tugboat has officially set sail from Tuzla, Turkey, on a 45-day journey to Puerto Montt, Chile. From there, it will...

Singapore and France sign enhanced maritime partnership agreement

French Minister for Transport Philippe Tabarot and Singapore’s Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow signed an Enhanced...

CMA CGM, DP World Ramp Up Investment Amid Global Trade Turbulence

As global trade fragments under the weight of geopolitical tensions, French shipping group CMA CGM and UAE-based logistics company DP World are positioning themselves...

AD Ports establishes Tbilisi Intermodal Hub in Georgia

AD Ports Group has announced the inauguration of the first phase of Tbilisi Intermodal Hub, Georgia's first modern, bonded container and intermodal terminal, and...
error: Content is protected !!