Container ship owner wants IPO in New York

Container ship owner with a fleet of 18 vessels plans to generate up to USD 100 million with an IPO in New York.

Photo: Mark Lennihan

The Greek container ship owner Poseidon Containers Holdings, which has a fleet of 18 vessels and an average age of slightly more than 11 years per ship, wants to go public on the New York Stock Exchange, according to a statement from Renaissance Capital.

The container ship owner has a goal of generating up to USD 100 million at a time, where it was recently announced according to Lloyd's List, that if the IPO was successful, then the carrier would acquire an additional four vessels.

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