Michael Juliano

Very low orderbook and scrubber drydockings should heighten boxship demand through 2020, chief executive Aristides Pittas said.

Perhaps the John Coustas-led boxship player can take page out of Seaspan’s book, Jefferies analyst Randy Giveans said.

The new debt will ‘fundamentally change the way business can be done’, chairman David Sokol said.

David Sokol-led boxship owner will use proceeds from ‘first of its kind financing’ to repay 12 secured credit facilities.