Seaspan chief executive Gerry Wang is forgoing cash and shares worth more than double his salary this year as the containership lessor ends its practice of giving top executive fees related to sale-and-purchase (S&P) deals.
The move is similar to efforts at other shipping companies to woo back public investors. It is particularly important for the Vancouver-based owner, which has been hit by the Hanjin Shipping bankruptcy and has $3.4bn
