Alma Maritime Withdraws Initial Public Offering

first_imgzoom Greek shipping company Alma Maritime Limited has decided to apply to the US Securities and Exchange Commission (SEC) to withdraw its initial public offering, filed on March 12, 2010.Namely, the company’s Chief Financial Officer Stewart Crawford said that the move was prompted “as a result of adverse market conditions.”The company had filed in 2010 to raise an amount of some USD 225 million through the sale of its shares.Alma Maritime owns a fleet of ten vessels, consisting of five Capesize bulk carriers, four double-hull Suezmax tankers and one product tanker.The fleet’s combined carrying capacity stands at some 1.5 million dwt.last_img read more

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VIP backup vehicle injures two

The backup vehicle of Minister Johnston Fernando was involved in an accident this morning injuring two people, the police said.According to the police the accident had taken place in Pannipitiya when the vehicle was escorting the convoy of the Minister. The third backup vehicle of the convoy was believed to have been involved in the accident.One  person who was injured in the accident was admitted to the Kalubowila hospital while the other person was admitted to the Sri Jayawardenapura hospital for treatment. The police said that the driver of the vehicle was arrested following the accident. read more

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