How Spawn Creator Todd McFarlane Keeps Forging His Own Path

first_img Zach Klein Is the Reason We’re All Obsessed with Cabin Porn How to Remove Scratches from Glasses in One Easy Fix Most of us are lucky to accomplish one really cool thing in our lives. Todd McFarlane — comic book artist, indie entrepreneur, collectible figurine designer, and soon-to-be filmmaker — has a long streak of accomplishments that won’t stop. He dynamically redefined Spider-Man’s look in the early 1990s and helped introduce the supervillain Venom (soon to be a major motion picture!). He is one of the founders of artist-owned Image Comics, which disrupted the comic book industry in the ’90s and more recently introduced the world to a little property called The Walking Dead. He created the murdered-then-resurrected antihero Spawn, perhaps the first black superhero to helm a feature film (no disrespect, Black Panther). And through his collectibles company McFarlane Toys, he took accuracy to new hyper-real levels, first for sports figurines and grotesque original monsters, and later for subjects as diverse as “Halo,” The Walking Dead, and Rick and Morty.We caught up with McFarlane during Toy Fair — the sprawling New York City-based trade show (February 19-20) where the next trendy app-controlled robot or Fidget Spinner-level fad is unveiled — to talk about his planned Spawn reboot, sculpting realistic athletes, and how to launch a new product in the Kickstarter era.Let’s get to Toy Fair first. What is McFarland Toys unveiling this year?Most of what we’re going to be doing is showing extensions for the brands we’ve had success with: The Walking Dead, Game of Thrones, and sets for Rick and Morty and “Five Nights at Freddie’s” [a popular horror-comedy video game series and franchise]. It was phenomenal for us last Christmas. We have an expansion of “Destiny”[a multi-player shooter/sci fi video game].We’ve announced a new partnership with the “Call of Duty” franchise, and we’re releasing the first two figures in that line [“Ghost” Riley and “Soap” Mactavish], and we’ve teamed up with [new indie stealth-horror game] “Hello Neighbor.” It’s got cool, unique looks to it. There’s not a lot of characters, but we’re hoping to catch a little bit of lightning in a bottle the way we did with “Five Nights.” That did phenomenal for us last Christmas. That’s the standard-bearer.Obviously we continue doing the sports stuff for the NBA and NFL. We have the “EA Sports Madden NFL 18 Ultimate Team” series, and we just approved another line for the NFL yesterday, taking into consideration who won Superbowl LII. Some of the players that were more of a local flavor are now national, especially for fantasy drafts.Speaking of sports: You may be the only comic book artist who also has a huge following in the sports collectibles world. You’re especially fond of baseball, it seems.The sports part of my DNA was always there, even before I honed the artistic parts of my interests. As a kid, not only did I watch and follow sports, and collect the cards, I also played. I went to school on a baseball scholarship and played at a fairly high competitive level.The comic book artist side percolated when I was about 16. By the time I got to college, my naive dream was that I was going to get drafted, play baseball in the minors, and then at night I’d do comics. I’d be like Batman: I’d have two occupations.What happened to Batman?At some point after college, I did my last tryout. I came pretty close and received some serious contemplation. I realized I might have to consider something else. Then something weird happened, which was like, “okay…” — I had started focusing on the art. As I focused on the art, and the years passed, we got into the toys. Initially it was me doing Spawn the way I felt they should be done. But I’m also a dude who loves sports, so why shouldn’t I be banging that out too?I’ve always said to people that one of the reasons I got into sculpting sports figures is that I’m also a collector (I’m a geek; I collect lots of stuff). And they could never get me to buy into the Starting Lineup figures. I had the posters, the trading cards, the Sports Illustrated issues, and I knew what these players looked like. So when I had the opportunity to dive into some of the sports, my instinct was to make them more realistic.As a consumer, at some point, your collection is only as good as what’s in front of you; “I like Spider-Man, but this is the only thing on store shelves, so I guess I’ll buy it.” For me, I went, “Nah. I’ll make what I want to see as a fan.” Lo-and-behold, it was what current fans wanted too. It was a seminal moment to have figures that actually looked like the players. It always seemed weird to me that I was suddenly getting awards for what the other toy manufacturers should have been doing for 40 years.You’re still into sports in real life?I’m 56 and I still play men’s hardball here in town. That competitive nature is always there.Let’s talk comics. You helped launch Image (along with six other ex-Marvel artists), which was revolutionary in 1992 as an independent brand that allowed artists to keep, and profit from, the characters they create, even when those comics become movies and TV shows. That’s still a pretty revolutionary idea, even in a world of cooperative web-based design companies.Here’s the thing that’s interesting to me: The thing that makes Image unique, and the deal we offer? That deal’s been there since day one. We used to do a bad job of selling it for what it is. We weren’t beating that drum hard enough. Now, with the success of people like Robert Kirkman (The Walking Dead), Mark Millar (Jupiter’s Legacy and Wanted) and Brian Vaughan and Fiona Staples (Saga) that’s starting to blossom. Before we were offering it in a world dominated by superhero content, but now it’s these cool, eclectic stories coming out of the company. Our best advocates now are not us, the owners, but instead the recipients of that deal. They’ll tell their friends, “If you do a book at Image and make a fraction of what your work is doing at The Flash, you’ll make way more money. You’ll get your cake and eat it too.”Image’s rocky history (at one point, several of the principals left) was well documented as part of Robert Kirkman’s Secret History of Comics series on AMC this year. I was particularly moved by the recent reconciliation story and the current success of the company under most of its original team. To me, it meant we shouldn’t just assume that all burned bridges stay burned. We can rebuild them.We’ve all been told at some point in our lives that time heals all wounds. I think there’s a little bit of that cliché playing out. It took different amounts of time for everyone to get into a good place. One of the things you notice: Our story doesn’t deviate that dramatically from many rock bands. It was a lot of success real fast for a bunch of 20-somethings not far removed from high school. As time goes by, you realize everything isn’t a war and that “I’m getting too old for this shit.” When I was young, everything was a fight. As you get older you realize, eh, it’s not worth it.You announced last year that you are bringing a rebooted Spawn to the big screen. Not everyone loved the 1997 film and its relatively light-hearted depiction of Spawn’s gritty comic book world. How involved are you in the new production?Well. I wrote the script, I’m directing, and producing it. It can’t get any more involved than that, short of a cameo. There is already a great team, but at the end of the day, when a decision has to be made, it’s going to be me. There’s going to be nothing on the screen that I’ll be able to say, “I wish they hadn’t done that.” If people don’t like it, I’ll take all the negative. If it’s successful, I’ll let everyone know who all the people were I collaborated with. The boss deflects all the bad, and shares the good.How is it going? You’ve announced recently that casting talks are underway.We’re still fishing for a couple of big fish as far as casting. One of the fish said they’re intrigued and wants me to come out and meet them. That’s a big deal. The ideal for me would be to open around Halloween 2018, because the tonality fits the vibe of the movie. But if that window’s not already closed; it’s barely open. The next reasonable opening would be February or March of 2019But I’ve waited 10 years, so I’m no tin a rush to make it happen at an artificial time. If it’s the right actor and we have to wait two months, we do that. We take it in a natural progression.Has anything surprised you so far about the process of bringing a film together?Not yet. If anything, people have been sort of intrigued at my responses. When something happens in a good way, they’re surprised I’m not more excited. But because of my cockiness, I assumed that’s how it was going down. Me, I’m assuming we’re going to get good actors and a little bit of name recognition. I’m cocky enough to tell people it will open at number one, and that it’s a good move for their career.Number one?Well. .. my sell is that, in 1997, Spawn opened to $20 million with the price of tickets back then [about $4.50]. If I get the same number of tickets, it’s already a $43 million opening. If I get half that, it should still be a minimum $22 million. That’s not a bad place to start the conversation.Then there are all the unknown variables happening right now. Spawn was the first minority superhero on the big screen (he beat Blade by a year). With Black Panther tracking to do so well, some moviegoers may be saying, okay, being proud of diversity is a good thing.There is the fact that Spawn will be R-rated this time around. Deadpool proved it can be done. It and Get Out proved it could be done. The New Mutants [an X-men-related story from Marvel] is coming out in 2019 as an R-rated and creepy film. It’s way more in the vein of what I’m hoping for with Spawn—something super creepy instead of superhero.Then the big one I hope completely crushes it is Venom (a Spider-Man foe and now a stand-alone film starring Tom Hardy), because I co-created that character. I can put in my trailer, “from the co-creator of Venom and a producer of Get Out …” At some point you don’t even care whatever comes after the “…” you just go, “Shit, that looks even cooler now!”You’re so busy. Do you even get to sleep at night?Like a baby. I have one of those great jobs where I get to get all of those wicked cool dreams people have at night; I get to do them during the day time. Most people have those amazing, restless dreams every night because they don’t have an outlet. I have an outlet. At night, I sleep and recover, and do it all again.Indie rebel turned successful business owner. What do you think should be the takeaway for a young entrepreneur?There are two hurdles for everyone. I don’t care if you’re selling a pickle, a black sock, or Rick and Morty figures. The first is you need to get it on a shelf or in the market someplace. That’s really a deterrent for most people. Everyone’s got a great idea, but how do I get it on a shelf? To me, that’s 51 percent of the battle. You now have hurdle number two, which is, “Why won’t it go off the shelf?” Just because you accomplished the big hurdle and WalMart or some Shark Tank investor said “yes,” it now needs to sell. Because if it doesn’t, they will never say yes again.When the retail market shifted several years ago, and a lot of outlets closed, I had two choices. I could either do stuff that was a little more widespread and put it into the big box stores and compete, or I could put the creative stuff we were doing at the time into an art house … Art houses are way less complicated, but then I’d need to let 40 percent of my employees go. When I was doing baseball figures, I made way more Yankees than I ever would personally. I hate the Yankees. But there are a lot of Yankees fans out there. No one’s going to buy a bunch of Arizona Diamondback figures.It’s called fiduciary responsibility, and I hate that part of my life. It was way more fun to be a renegade artist. Now there are too many people reliant on me making smart decisions, instead of just making cool decisions.Unfortunately my personal torture is that, at the beginning of the equation it’s Todd the Artist, and at the end of the equation it’s Todd the CEO. And sometimes Todd the CEO has to slap Todd the Artist. The Best Documentaries on Netflix Right Now Editors’ Recommendations NASCAR Driver Brad Keselowski on Crashing, Winning, and Creating a Legacy On the Road with Mikah Meyer, the First Person to Visit Every National Park Site in One Triplast_img read more

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Dirk Harrison Appointed Contractor General

first_imgGovernor-General His Excellency the Most Hon. Sir Patrick Allen has appointed Mr. Dirk Harrison as Contractor General, to be effective March 1, 2013. Mr. Harrison currently serves as Deputy Director of Public Prosecution and will fill the vacancy created when the tenure of former Contractor General, Mr. Greg Christie ended on December 1, 2012.Under Section 10 of the Contractor General’s Act, The Governor-General after consultations with the Prime Minister and the Leader of the Opposition may appoint someone whom he believes is fit and qualified to serve as Contractor General. The Governor-General engaged a process which resulted in the selection of a short list of three candidates, both local and International.Two sets of interviews were conducted with the applicants, the first of which was done by membersof the Public Services Commission (PSC) under its Chairman, the Hon. Justice Wolfe. In both interviews and a behavior competency diagnostic evaluation, Mr. Harrison emerged the top contender for the position.This was ratified by the His Excellency the Governor-General after consultation with the Prime Minister, the Most Honourable Portia Simpson Miller and the Leader of the Opposition, Mr. Andrew Holness.A graduate of the Norman Manley Law School, Mr. Harrison has more than twelve years’ experience as a prosecutor on a wide range of criminal matters in Jamaica’s Courts, including the Court of Appeal. In his current post, he serves as Head of the Anti-Corruption Unit, as well as of the Coroners Unit and the Environmental Law Unit. He has represented Jamaica at several international conferences against corruption.Mr. Harrison’s expertise has been recognized internationally. He participated in the United Nations’ review of Jamaica’s anti-corruption laws and practices and is a member of a UN-selected team for evaluation and review of countries’ implementation of the UN Convention Against Corruption.The Governor-General thanks Mr. Craig Beresford for acting as Contractor General since December 1, 2012.Established as an independent Commission in 1983, the Office of the Contractor General is responsible for the monitoring and investigation of government contracts, licences and permits, to ensure that they are awarded impartially and on merit.last_img read more

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Mount Salem Residents Welcome Security Operations

first_img Ms. Watkins, who spoke to JIS NEWS on September 2, said the security operations in the area are necessary. “I have no problem with what is taking place,” said 58-year old Claudette Watkis, who has lived in Mount Salem all her life. Story Highlights Residents of Mount Salem in St. James are declaring their support for the Zone of Special Operations (ZOSO), expressing the hope that the presence of the security forces will help bring peace to their community. Residents of Mount Salem in St. James are declaring their support for the Zone of Special Operations (ZOSO), expressing the hope that the presence of the security forces will help bring peace to their community.“I have no problem with what is taking place,” said 58-year-old Claudette Watkis, who has lived in Mount Salem all her life.Ms. Watkis, who spoke to JIS News on September 2, said the security operations in the area are necessary.“I am just hoping and praying that whatever inconvenience we are currently experiencing will be worth it in the long run,” she added.Joyce Matthews, another resident, noted that the security forces are operating in a professional manner.“It was a little strange at first to see so many soldiers and police, but, to be honest, they have been very professional and courteous and are just here to do a job,” she told JIS News.“Persons who are not wrongdoers are not afraid to go through the checkpoints,” she noted.For his part, Justice of the Peace (JP), Marcus McKenzie, said that while it is still too early to make a reasonable assessment, “I have not seen anything that would warrant any form of criticism.”“What has been happening, as far as the crime situation in the western region is concerned, is certainly untenable,” he told JIS News.“As a community, we all are in support of anything that will bring crime under control. Like other JPs, however, we have a vested interest in seeing that things are done in a proper manner and that there will be no human-rights abuses”, he pointed out.In the meantime, Civil Military Cooperation and Media Affairs Officer of the Jamaica Defence Force (JDF), Major Basil Jarrett, said that up to Saturday (September 2), 1, 300 persons have been searched as well as 334 vehicles and 13 houses.“We have also detained some 42 persons using the system we had established with the JPs,” Major Jarrett said.“However, a majority of these persons have since been released. We have also recovered 10 offensive weapons, primarily knives,” he told JIS News.Major Jarrett informed that persons have been able to leave their homes of their own free will.He said the operations of the security forces “are in keeping with what have been established as it relates to the Zones of Special Operations (law)”.For his part, Deputy Commissioner of Police, Clifford Blake, said he is pleased with the operations on the ground, noting that his job is to ensure that the rights of citizens are protected and that persons can move around without experiencing much inconvenience.Prime Minister, the Most Hon. Andrew Holness, on September 1 declared Mount Salem and its environs as the first Zone of Special Operations under the Law Reform (Zones of Special Operations) (Special Security and Community Development Measures) Act.The law seeks to contain crime while safeguarding the human rights of residents and promoting community development through social-intervention initiatives.The security operations in Mount Salem will last for 60 days.According to information provided by the police, some 12 gangs are operating in the area, which has recorded 54 murders since the start of the year, 16 in the Crawford Street district alone.In 2014, there were 46 murders in the area, with the figure increasing to 70 in 2015, and 85 in 2016.last_img read more

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Independence of Auditors Necessary – Governor-General

first_img “Auditors must be independent if they are to give independent recommendations in their reports. An Auditor General’s report is crucial to good governance, transparency and accountability,” he said. Governor-General, His Excellency the Most Hon. Sir Patrick Allen, has underscored the importance of auditors being independent in their functions, as their work affects accountability.The Governor-General, who was delivering the keynote address at the opening of the 30th Anniversary Conference of the Caribbean Organization of Supreme Audit Institutions (CAROSAI), held today at The Jamaica Pegasus hotel, in New Kingston, said auditors help in the maintenance of good governance.“Auditors must be independent if they are to give independent recommendations in their reports. An Auditor General’s report is crucial to good governance, transparency and accountability,” he said.The conference will be held from August 15 to 16, under the theme: ‘Building the Future on the Foundation of the Past’.Participants are from international donor agencies, professional organisations, regional groups, Supreme Audit Institutions (SAIs), the Caribbean, Africa, Europe, the Pacific Islands and the Middle East.The Governor-General said that auditors’ “timely interventions” in the running of States, not only shed light on “apparent digressions,” but also help in directing operations “toward a path of robust fiscal management.”He told the gathering that individuals should be made to understand the “significant impact” of the work of auditors on national development.Arguing that corruption can be reduced with individuals adhering to high values, the Governor-General said if ethics serve as a code to govern people’s actions “they will do the right things.”He also charged Government auditors to be “more proactive” in advising public entities on investments in information technology to improve service delivery. Governor-General, His Excellency the Most Hon. Sir Patrick Allen, has underscored the importance of auditors being independent in their functions, as their work affects accountability. The Governor-General, who was delivering the keynote address at the opening of the 30th Anniversary Conference of the Caribbean Organization of Supreme Audit Institutions (CAROSAI), held today at The Jamaica Pegasus hotel, in New Kingston, said auditors help in the maintenance of good governance. Story Highlightslast_img read more

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MacGregor Receives Crane Order from Indonesia

first_img此页面无法正确加载 Google 地图。您是否拥有此网站?确定 Print  Close Cargotec, March 4, 2014 zoom MacGregor, part of Cargotec, has won an order for two 50-tonne SWL versions of its heavy-duty grab cranes. The K5036-4HD MacGregor cranes are destined for a 68m floating crane barge, which is being built by Batam-based PT. Karya Tekhnik Utama (KTU), in Indonesia.“Indonesia has one of the world’s fastest growing bulk export industries, and this order further increases our presence in this significant market,” says Anders Berencsy, Sales Manager for Transloading cranes at MacGregor. “The floating barge will be used to showcase the yard’s capabilities and the cranes will be an important part of this.”“Historically, KTU has used other manufacturers for this type of crane, but has decided to install MacGregor cranes for the first time,” notes Mr Berencsy. “This is an important vote of confidence both for the K50 model and for the quality of the products and services delivered by MacGregor.”Offering a long, reliable service life, MacGregor’s K50 cranes were developed to meet the market’s increasing demand for high-performance bulk handling capabilities. The company’s first units of this type were delivered to Indonesia in 2011. The latest order is scheduled for delivery in November this year. My locationlast_img read more

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IMO Noise Code Becomes Mandatory from July 2014

first_imgzoom On 1st July 2014, the International Convention for the Safety of Life at Sea (SOLAS) will be amended to make the ‘Code on Noise Levels Onboard Ships’ mandatory for new vessels.IMO recognizes that high noise levels onboard ships could affect seafarers’ health and impair the safety of the ship. The purpose of the Code therefore is to limit noise levels and to reduce seafarers’ exposure to noise.Managements ResponsibilitiesWhilst it will become mandatory from 1st July 2014 for new vessels, all vessel owners and managers are encouraged to review their responsibilities in relation to this code. The key responsibilities are listed here:– To provide instruction in the hazard of noise exposure and the risk of hearing loss at initial employment and periodically thereafter.– Provide warning signs at all entrances to spaces exceeding a noise level of 85dB(A), entry to such areas is to be controlled.– Where hand tools, galley equipment or other portable equipment exceeds 85dB(A) in normal working conditions warning information needs to be provided.– Provide effective hearing protection on an individual basis.– Provide a Hearing Conservation Plan for seafarers exposed to high levels of noise and that no expense is incurred by the seafarer.Noise Awareness PosterMaritime Progress has for many years produced a range of posters designed to assist management in bringing safety and operational issues to the attention of marine personnel.Poster 1072 – “Control of Noise” forms part of the popular “ISM Safety Works”, series of posters which have been continually developed by Maritime Progress since the company’s inception in 1985.The poster has been developed to assist management in bringing the attention of the crew to this important subject and is available from Maritime Progress stockists now.Original Legislatively Correct ProductsThe popularity of Maritime Progress posters has encouraged some producers to make illegal copies and has lead to inaccurate and unaccountable information being displayed to crew onboard ship. Seafarers are strongly recommended to deal only with recognised Maritime Progress distributors for the supply of ISM SafetyWORKS posters and manuals.Maritime Progress, April 9, 2014last_img read more

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Captain and Chief Officer of Grounded Ferry Arrested

first_imgzoom  EuropalinkThe captain and the chief officer of the Europalink ferry shipwrecked near the islet of Peristeres northeast of Corfy have been arrested by the Greek authorities, the Maritime Operational Centre of the Ministry of Merchant Marine reports. The Italian-flagged ferry was on her regular route from the Greek port of Patras to Ancona, Italy, when it  hit underwater rocks at around 2 am on Sunday, September 21.The Europalink, operated by Minoan Lines, part of Grimaldi Group, suffered damage on the right side of the hull, with two large cracks and a number of smaller ones. The ferry was sailed to Corfu on Sunday evening, where it was cleared of 366 cars, with one bus, 10 trailers and 11 semi-trailers left on board. Corfu Port Authority set up a floating barrier around the ferry while the water was being pumped out.The crew and 692 passengers were evacuated, and accommodated in Corfu at the expense of the company. At midnight, Sunday, some 451 passengers, along with 88 vehicles and 118 trucks boarded Europalink’s ferry Cruise Europa which transferred them to Ancona. The ferry will stay in Corfu port until the port authorities grant sailing permission to the vessel.The captain and the chief officer were questioned by a prosecutor later that day. They are facing charges for causing a collision inadvertently, thus placing the lives of the passengers in danger. Both men were released after questioning. World Maritime News Staff; September 23, 2014; Image: GTRlast_img read more

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APSI Hands Over 2nd Aframax Tanker to SeaRiver

first_imgzoom Aker Philadelphia Shipyard, Inc. (APSI) has delivered its second Aframax tanker to SeaRiver Maritime, Exxon Mobil Corporation’s U.S. marine affiliate.The 820 foot long, 115,000 deadweight ton tanker will transport up to 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Alaska to the U.S. West Coast.The vessel is equipped with double hull protection, the latest navigation and communications equipment, and an energy efficient engine, the shipbuilder said.“Delivery of this vessel marks the conclusion of a successful project that has transformed our company for the better. We are proud of the Eagle Bay and are confident that she will serve the SeaRiver organization well over the decades to come,” said Steinar Nerbovik, APSI’s President and CEO.APSI delivered its first Aframax tanker, the Liberty Bay, to SeaRiver in 2014 and the ship is serving SeaRiver in their Alaskan trade.Aker Philadelphia is currently building four 50,000 dwt product tankers for Crowley. In addition the company has contracts for two 50,000 dwt product tankers for Philly Tankers LLC and two 3,600 TEU containerships for Matson Navigation, with deliveries in 2018.last_img read more

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Hutchison Ports and MUA Agree to Hash Over Wharfie Sackings

first_imgzoom Maritime Union of Australia (MUA) and stevedoring company Hutchison Ports Australia have agreed to return to the negotiating table following the sacking of 97 wharfies three weeks ago.The MUA and Hutchison have agreed to a six-week negotiation process to be overseen by the Fair Work Commission (FWC), deferring a Federal Court case which was set to begin next week.“The MUA welcomes a mature and normal process of consultation and negotiation with Hutchison – that’s what we have been after all along,” MUA National Secretary Paddy Crumlin said.“It’s pleasing that Hutchison has returned to the negotiating table rather than sacking workers at midnight by text and email and preventing them from clearing out their own lockers. We look forward to the fact that if this new attitude is maintained by the company – because it certainly will be by the MUA – then a solution can be found that both deals with the difficult commercial reality the company is facing and repairs the damage that has been done to the company’s relationship with its workers over the past few weeks.”FWC Deputy President Anna Booth released a statement today, outlining private meetings set down for Monday, Tuesday and Wednesday next week in Sydney.“The parties have met in conciliation before me on a number of occasions, most recently on Thursday 27 August 2015, in an effort to resolve the dispute between them,” Booth said.“They have reached an agreement to adjourn the Federal Court proceedings that relate to this dispute and to put their efforts into resolving this dispute through further conciliation before me. I believe the parties are committed to reaching an agreement that best meets the interests of Hutchisons Ports, its employees, the Maritime Union of Australia and its members.”The Australian Federal Court granted earlier this month a temporary injunction preventing Hutchison from sacking 97 dockworkers at ports in Sydney and Brisbane, and ordering their return to work at least until the full hearing of the dispute which was scheduled for August 31.Meanwhile, Hutchison Ports worker Scott Matthewson yesterday told a local radio station that sacked workers were still not rostered on and had not yet received their belongings out of lockers.last_img read more

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Ardmore Buys Six MR Tankers

first_imgzoom  New York-listed Ardmore Shipping Corporation (Ardmore) has reached agreement to acquire six modern, Eco-Design MR product/chemical tankers for an aggregate purchase price of USD 172.5 million.The vessels, which have an average age of 2.4 years, are scheduled to be delivered to Ardmore on a charter-free basis between September and October 2016.The acquisition will expand Ardmore’s fleet to 28 vessels, or by approximately 32% on a tonnage basis, and is expected to be accretive to earnings and to net asset value.Ardmore said that it plans to fund the acquisition with the net proceeds from a public offering of common shares and a new credit facility with an existing lender.Separately, Ardmore announced that, subject to market conditions, it plans to offer 7.5 million of its common shares in an underwritten public offering. In connection with the proposed offering, the company intends to grant the underwriters a 30-day option to purchase up to 1,125,000 additional common shares. GA Holdings LLC, the company’s largest shareholder, has indicated an interest in purchasing approximately 17.0% of the offered shares at the public offering price.last_img read more

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