Giant container ship owner Seaspan Corp has scrapped a meeting at which it was hoping to avoid buying back a $300m issue.

The company, part of US-listed Atlas Corp, wanted to amend the terms of the 6.5% series due in 2026.

Seaspan had even upped its fee for the change from 8% to 8.5% to bring investors onside.

But the owner said in a filing on Friday that it was withdrawing the proposal.