Atlas Corporation

Acquisition consortium completes Atlas takeover

Poseidon Acquisition Corp. has completed the previously announced takeover of Atlas Corp., the parent company of Seaspan.

That means that the acquisition consortium, formed by certain affiliates of Fairfax Financial Holdings Limited, certain affiliates of the Washington Family, David Sokol, chairman of the board of Atlas, Ocean Network Express (ONE) and certain of their respective affiliates, has acquired all outstanding common shares of Atlas not already owned by Fairfax, Washington and Sokol.

In...

https://container-news.com/acquisition-consortium-completes-atlas-takeover/

Atlas acquisition from business consortium to be completed in March

Poseidon Acquisition, a business consortium comprising Ocean Network Express (ONE) and major shareholders Fairfax Financial Holdings, the Washington family, and Atlas Chairman David Sokol, is expected to complete the acquisition of Atlas in March.

This comes after the approval from the other shareholders of Atlas for the transaction.

Atlas, a Hong Kong-based asset management company and the parent company of Seaspan, the world’s largest container vessel owner, entered into an agreement with...

https://container-news.com/atlas-acquisition-from-business-consortium-to-be-completed-in-march/

ZIM to charter in 5 more LNG-fueled box ship newbuilds

Haifa, Israel, headquartered ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), reports that it has exercised its option to long-term charter an additional five 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels from Seaspan Corporation. The option was exercised under ZIM’s July 21 agreement with Seaspan for ten 7,000 TEU LNG vessels due to be delivered starting from the fourth quarter of 2023 and into 2024, bringing the total number of vessels chartered under the transaction to...

https://www.marinelog.com/shipping/zim-to-charter-in-5-more-lng-fueled-box-ship-newbuilds/

Zim in second LNG dual-fuel box ship deal with Seaspan

Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE:ATCO),, today reported that it has entered into long-term charters with Haifa, Israel , headquartered ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) relating to ten ultra-modern 7,000 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds. This latest charter is additional to the agreement for the charter of ten 15,000 TEU LNG dual fuel containerships announced by the two...

https://www.marinelog.com/shipping/markets/zim-in-second-lng-dual-fuel-box-ship-deal-with-seaspan/

ZIM to charter 150,000TEU in LNG boxships to enhance Asia-US EC network

ZIM Integrated Shipping Services Ltd. and Seaspan Corporation have announced today (12 February) a strategic agreement for the long-term charter of ten 15,000TEU liquefied natural gas (LNG) dual-fuel container vessels.

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https://container-news.com/zim-to-charter-150000teu-in-lng-boxships-to-enhance-asia-us-ec-network/

Seaspan Corp acquires two container ships

Vancouver-based Seaspan Corporation has reported that it has acquired two 13,000TEU ships for around US$146 million. These vessels will both immediately go out on long term charters.

Seaspan Corporation, which is a wholly owned subsidiary of the New York Stock Exchange listed Atlas Corporation, said it expects to finance the tonnage through additional borrowing and with cash currently in hand.

The company will take delivery of the 2010 and 2011 built ships in the third quarter “subject to...

https://container-news.com/seaspan-corp-acquires-two-container-ships/

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