Teekay Announces IPO
Teekay Corporation (Teekay) announced that its wholly owned subsidiary, Teekay Tankers Ltd., has filed a registration statement with the U.S. Exchange Commission for an initial public offering of its Class A Common Stock. their over-allotment option in full), representing a 40% ownership interest. under a mix of spot-market trading and short- or medium-term fixed-rate time-charter contracts. Suezmax-class oil tankers. distribution, subject to any reserves established by its board of directors. Company, Scotia Capital, and Johnson Rice & Company L.L.C.
Euroseas Ltd. Announces Public Offering
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it is commencing a public offering of 5,000,000 shares of its common stock under the Company’s effective shelf registration statement. In addition, one of the Company’s shareholders will be offering 750,000 shares. Wachovia Securities and Oppenheimer & Co. will act as joint bookrunning managers. In connection with the offering, the underwriters will be granted a30-day option to purchase from the Company up to 862,500 additional shares of common stock to cover any over-allotments. Euroseas intends to use the net proceeds of the offering to acquire additional vessels and for general corporate purposes.
Diana Shipping Announces Public Offering of Common Shares
Diana Shipping Inc. announced that it is commencing a public offering of 10,000,000 primary shares of its common stock pursuant to an effective shelf registration statement. Wachovia Securities and JPMorgan will act as joint book running managers. The Company expects to grant the underwriters an option to purchase an additional 1,500,000 common shares to cover any over- allotments, exercisable within 30 days, and expects to price the offering in due course.
RCL Appoints Martin as VP and Treasurer
Royal Caribbean Cruises Ltd. has named Thomas Martin Senior Vice President and Treasurer. He assumes responsibility for financing, cash management, banking and credit agency relationships, corporate planning, risk management and investments. In this new role, Martin reports to Executive Vice President and Chief Financial Officer Luis E. Leon. Since 2001, Martin served as vice president and treasurer of Allied Waste Industries Inc., a Fortune 500 waste collection, recycling and disposal firm based in Scottsdale, Ariz. Prior to that, he was vice president of treasury, tax and procurement for California-based online financial services company E*TRADE. Martin also held positions with Federal-Mogul Corp., Red Lion Hotels, Boise Cascade Corp., JP Morgan Chase and Wachovia Securities.
