Survey of Shipping Primary Equity Offerings in the 2009 U.S. Public Market.

Summary

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Survey

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Survey of Shipping Primary Equity Offerings in the 2009 U.S. Public Market.

Frode Jensen, partner and Francois Janson, senior counsel, and are based in our New York office.

2009 was a challenging year for many shipping companies throughout the world. Despite a difficult environment, 14 companies completed 21 primary equity offerings in the U.S. public market.1

This survey reviews the registration documents filed with the U.S. Securities and Exchange Commission (SEC) in connection with these transactions and the principal terms of the related offerings.2

Highlights of the Survey

Only one issuer was a U.S. corporation headquartered in the United States.

12 issuers were foreign private issuers organized outside the U.S.; one issuer was a foreign corporation with headquarters in the U.S.

10 issuers were organized as corporations; four were limited partnerships.

10 issuers consummated 14 transactions through firm commitment underwritings.

Thr...

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