International Shipping Corp Public Share Offering
US-based International Shipholding Corporation (NYSE: ISH) plans to offer shares of its Series B Cumulative Redeemable Perpetual Preferred Stock in an underwritten registered public offering. ISH intends to use the net proceeds from the offering for working capital and other general corporate purposes, including using a substantial portion of the funds to repay certain indebtedness and to finance certain vessel investment costs. Upon completion of the offering, ISH intends to file an application to list the Series B Preferred Shares on the New York Stock Exchange. Incapital LLC, DNB Markets, Inc., Sterne, Agee & Leach, Inc., Regions Securities LLC and Euro Pacific Capital Inc. will underwrite the offering.
Container Ship Owner to Present at Euro-Pacific Investment Conference
Global Ship Lease Inc. Global Ship Lease, Inc. (NYSE:GSL ), a containership charter owner, has announced that the Company's Chief Executive Officer, Ian Webber, is scheduled to present at the Euro Pacific Capital Second Annual Global Investment Conference in New York on Thursday, May 31, 2012 at 9:00 a.m. ET. Global Ship Lease is a containership charter owner. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under long-term, fixed rate charters to top tier container liner companies. Global Ship Lease owns 17 vessels with a total capacity of 66,349 TEU with an average age, weighted by TEU capacity, at March 31, 2012 of 8.1 years.
