Maritime Capital Shipping Withdraws Proposed IPO

Thursday, July 03, 2008

Maritime Capital Shipping Limited has withdrawn its lodgment of its preliminary prospectus with the Monetary Authority of Singapore in connection with its proposed initial public offering and listing on the Main Board of the Singapore Exchange Securities Trading Limited.
The company has just completed its international roadshow with institutional investors but has decided not to proceed with the launch of its proposed initial public offering citing the significant deterioration in sentiment in the world’s equity markets over the past few days.  As a result, the Company does not believe that a stable market for its shares would be established in secondary market trading while such negative market sentiment prevails.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

Oil Deal Between Iraqi Kurdistan & Baghdad Welcomed

The United States welcomes an agreement between Iraq's central government in Baghdad and its northern Kurdistan region over the management of oil exports, U.

Nigeria to Cut Petrol Subsidy by Half

Nigeria plans to cut subsidies on petroleum products by half next year after sharp falls in global crude prices, spurred the government to revise its 2015 budget downwards,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1011 sec (10 req/sec)