12/03/2014at 08:31

Wilbur Ross cancels tank carrier IPO

American major investor Wilbur Ross defends the decision to cancel an initial public offering (IPO) in New York, pointing to a weak stock market climate.

BY OLE ANDERSEN

Earlier this week, major American investor and equity fund owner Wilbur Ross canceled a planned IPO at the New York Stock Exchange for product tank carrier Diamond S. Shipping.

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Wilbur Ross cancels tank carrier IPO

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Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Further reading

Johan Sigsgaard: Maersk has no ambitions of entering new major alliance

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

End of 2M alliance could trigger a domino effect

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