Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp. (“Atlas”), has entered into an agreement with a major shipyard for ten 7,000 TEU modern newbuild containerships (the “Vessels”). The Vessels, which are scrubber-fitted, are anticipated to begin deliveries in the second quarter and through to the fourth quarter of 2024.
Upon completion, the Vessels will enter long-term charters with a leading global liner customer. Seaspan expects the Vessels to generate $1.4 billion of...