Quintana Shipping, which owns and operates a fleet of nine modern drybulk vessels, withdrew its plans for an initial public offering on Wednesday. It originally filed in March 2014 with a proposed deal size of $100 million.
The Athens, Greece-based company was founded in 2010 and booked $31 million in sales for the 12 months ended December 31, 2013. It had planned to list on the NYSE under the symbol QSP.
Morgan Stanley, Deutsche Bank and Jefferies were set to be the joint bookrunners on the deal.