LONDON, May 19, 2021 /CNW/ - Seaspan Corporation
("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas")
(NYSE: ATCO), today announced that it has accepted delivery of two
quality 8,500 TEU scrubber-fitted containerships ("the Vessels") on
long-term charter with a global liner.
Bing Chen, Chairman, President and CEO of Seaspan, commented,
"Our creative customer partnership, executional expertise and
operational excellence continue to drive quality growth as we
provide market leading solutions to our customers. Global liners
increasingly prefer Seaspan as the partner of choice through
our reliable and scalable platform and consistent delivery of
best-in-class services. We are well positioned to continue quality
growth and value creation for our shareholders through all market
cycles."
About Atlas
Atlas is a leading global asset management
company, differentiated by its position as a best-in-class owner
and operator with a focus on deploying capital to create
sustainable shareholder value. Atlas brings together an experienced
asset management team with deep operational and capital allocation
experience. We target long-term, risk adjusted returns across
high-quality infrastructure assets in the maritime sector, energy
sector and other infrastructure verticals. Our two portfolio
companies, Seaspan Corporation and APR Energy are unique,
industry-leading operating platforms in the global maritime and
energy spaces, respectively. For more information visit
www.atlascorporation.com.
About Seaspan
Seaspan is a leading independent owner
and operator of containerships. We charter our vessels primarily
pursuant to long-term, fixed-rate time charters to the world's
largest container shipping liners. At March
31, 2021, Seaspan's fleet consisted of 127 containerships
representing total capacity of approximately 1,073,200 TEU. We also
have 37 vessels under construction and four second-hand vessels,
including the two vessel deliveries announced today, with
aggregate TEU of 597,000, increasing total capacity to 1,670,200
TEU, on a fully delivered basis. For more information, visit
www.seaspancorp.com
Cautionary Note Regarding Forward-Looking Statements
This release contains certain forward-looking statements (as such
term is defined in Section 21E of the Securities Exchange Act of
1934, as amended) concerning future events, including
forward-looking statements regarding the expected benefits of the
vessel transactions to Atlas's financial condition and results from
operations. Statements that are predictive in nature, that depend
upon or refer to future events or conditions, or that include words
such as "expects", "anticipates", "intends", "plans", "believes",
"estimates", "projects", "forecasts", "will", "may", "potential",
"should", and similar expressions are forward-looking statements.
These forward-looking statements reflect management's current
expectations only as of the date of this release. As a result, you
are cautioned not to rely on any forward-looking statements.
Although these statements are based upon assumptions, we believe to
be reasonable based upon available information, they are subject to
risks and uncertainties. These risks and uncertainties include, but
are not limited to: the potential for early termination of the
charters and Seaspan's inability to replace them; the possibility
that we will not be able to continue to execute on our growth
strategy; and other factors detailed from time to time in our
periodic reports and filings with the Securities and Exchange
Commission, including Atlas's Annual Report on Form 20-F for the
year ended December 31, 2020. We
expressly disclaim any obligation to update or revise any of these
forward-looking statements, whether because of future events, new
information, a change in our views or expectations, or otherwise.
We make no prediction or statement about the performance of any of
our securities.
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SOURCE Atlas Corp.