dry bulk

The Hong Kong-based shipping company executes a deal that is viewed as well priced, and only two days after Vedanta issues another well-received deal, sparking hopes of a pickup in CB issuance in Asia.

Maritime Capital becomes the third listing candidate to cancel an IPO in 48 hours amid deteriorating equity markets.

Maritime Capital and a group of pre-IPO shareholders take on the challenging market to raise up to $300 million.

The offering is the second equity-linked deal arranged by Goldman Sachs in less than a week.

Expectations of continued strong demand for dry-bulk goods offsets the impact of volatile markets, allowing the shipping company to raise $1.47 billion.

The first of two shipping companies to seek a Hong Kong listing is banking on higher freight rates and aggressive fleet expansion to boost its earnings.