CP Ships Exercises Option to Purchase Four Ships
July 30, 2002
CP Ships Limited has exercised options to purchase for approximately $180 M four ice- strengthened containerships currently bareboat chartered. As previously announced, the purchase is being paid for with proceeds from CP Ships' offering in July 2002 of 9.6 million common shares and private placement of $200 million of senior unsecured notes. The purchase is expected to close in the third quarter.
The ships are Canmar Fortune, Canmar Courage, Canmar Pride and Canmar Honour.
Related News
Greece Aims to Deter Russian Oil Ship-to-Ship Transfers
Australia Backs Long-Term Gas Exploration
VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore
Authorities Identify Sixth Bridge Collapse Victim
Sapura Energy Lands $1.8B Petrobras Deal for Six Pipelaying Vessels and Subsea Services