Seaspan to sell shares for USD 1 billion

Seaspan, one of the world's biggest shipowners, will sell shares and secure debt for USD 1 billion. The company has been hit hard by the shipping crisis and the collapse of South Koran container carrier Hanjin Shipping.

Seaspan was among the biggest creditors with claims in Hanjin Shipping. Photo: Mark Lennihan/AP/Polfoto/Arkiv

One of the world's biggest vessel owners, Seaspan, plans to raise USD 1 billion through a major sale of shares and debt securities.

The Hong Kong-based company informs in a filing to the New York Stock Exchange that it plans to raise the capital through one or more rounds of selling shares, debt securities, and warrants.

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