Atlas Corp

ONE along with partners continue discussions for Atlas Corp. acquisition

Poseidon Acquisition Corp., a consortium composed of Ocean Network Express (ONE), Atlas’ board chairman David Sokol, affiliates of Fairfax Financial Holdings Limited and the Washington Family, believes it has made “significant progress” in its discussions with the special committee of the board of directors of Atlas to acquire all of the outstanding common shares of Atlas, that the Consortium does not already own or control, for US$15.50 per share in cash, plus ordinary course third quarter and...

https://container-news.com/one-along-with-partners-continue-discussions-for-atlas-corp-acquisition/

Seaspan Inks Deal for Six 15,500 teu Scrubber-fitted Boxships

Seaspan enters into an agreement with a major shipyard for six 15,500 TEU modern newbuild container ships, says a press release published on their website.

Vessels delivery details

The Vessels are anticipated to be delivered by the second half of 2023 and extending through to mid-year 2024.

The six high-quality 15,500 TEU containerships will be scrubber-fitted and include industry-leading emissions reduction technologies.

Upon completion, the Vessels will enter long-term charters with leading...

https://mfame.guru/seaspan-inks-deal-for-six-15500-teu-scrubber-fitted-boxships/

Seaspan Adds 2 Emission Reduction Vessels on Long-term Charters

Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., has entered into an agreement to acquire two young, high-quality 15,000 TEU scrubber-fitted containerships on a long-term charter with a long-standing global liner customer, reads the company press release.

Emission reduction vessels

The Vessels, built-in 2019, feature industry-leading efficiency and emissions reduction technologies and are anticipated to be delivered late in the second quarter of 2021.

Bing Chen, Chairman, President,...

https://mfame.guru/seaspan-adds-2-emission-reduction-vessels-on-long-term-charters/

Supply chain radar: Danaos, Seaspan & Costamare – winter’s coming but a bumper harvest seen

The mania sweeping the container shipping markets is now infecting its supplier sub-sectors, and the next six months could be a real sweet spot for non-operating shipowners (NOOs) with tonnage available for hire.
Who would have thought it only 12 months ago.
Background
On a preliminary basis, it’s useful to compare two sectors sharing the common trait of playing the asset game – non-operating shipowners (NOOs) and container leasing companies.
While their key customers …

The post Supply chain...

https://theloadstar.com/supply-chain-radar-danaos-seaspan-costamare-winters-coming-but-a-bumper-harvest-seen/

Seaspan Bags Long Term Charters for “Acquired Vessels”

  • Seaspan Corporation announced has agreed to the purchase of two high-quality Containerships.
  • The purchase of the Acquired Vessels is expected to be financed from additional borrowings as well as cash on hand.
  • Seaspan expects to take delivery of the Acquired Vessels in Q3 2020, subject to customary closing conditions.

Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. announced that it has agreed to the purchase of two high-quality containerships (the “Acquired Vessels”) for...

https://mfame.guru/seaspan-bags-long-term-charters-for-acquired-vessels/

Over the hedge: Ups & downs in logistics as in marriage – APMM, Hapag, WTC, Danaos et al

In business and investing like in marriage, there are times when you just do things that are completely detached from rational and objective planning, let alone behaviour.
The involvement of human beings makes it more difficult to maintain mutual respect than if you are just looking at a pretty dry – for some – index or a chart.
And I’d love to tell you that I wholeheartedly believe that the emotional cycle of …

The post Over the hedge: Ups & downs in logistics as in marriage – APMM, Hapag, WTC,...

https://theloadstar.com/over-the-hedge-ups-downs-in-logistics-as-in-marriage-apmm-hapag-wtc-danaos-et-al/