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Seaspan to invest up to US$200 mil in Swiber Group

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Seaspan to invest up to US$200 mil in Swiber Group

PC Lee Published on Wed, Oct 03, 2018 / 10:07 PM GMT+8

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SINGAPORE (Oct 3): Seaspan Corporation, one of the world’s largest owners and operators of containerships, has agreed to a proposed US$200 million investment deal that could pave the way for the recovery of Swiber Holdings.

On Wednesday, Seaspan and Swiber, the SGX-listed offshore construction and services group, signed a binding term sheet on Wednesday.

Under the terms, Seaspan will invest up to US$200 million in two stages.