ShippingWatch

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.

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.

“Diamond S does not need the money and will not issue stock at the relatively unfavorable price created by the present stock market environment,” says Wilbur Ross, Chairman of Diamond S. Shipping, in an email to several news media.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs