SeaCastle Cancels IPO

SeaCastle Inc., a Wilmington, Del.-based lessor of intermodal equipment used in global containerized cargo trade, has canceled its IPO. It had originally filed for its IPO in September 2007, with Bear Stearns as lead underwriter, and officially postponed the offering in January 2008.

It had planned to offer 20 million common shares at between $15 and $17 per share, with an initial market cap of approximately $2.2 billion, were it to price at the high end of its range.

Fortress Investment Group holds a 97.4% ownership position.