Seaspan Continues Market-Leading Growth and Announces Delivery of Two 8,500 TEU Container Ships Supported by Line Charters


LONDON, May 19, 2021 / PRNewswire / – 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 container ships equipped with scrubbers (“the Ships”) on long-term charter with a global liner.

Bing Chen, Chairman of the Board, President and CEO of Seaspan, commented, “Our creative partnership with our clients, our execution expertise and our operational excellence continue to drive quality growth as we deliver solutions. cutting edge to our customers. Global liners increasingly prefer Seaspan as their partner of choice thanks to our reliable and scalable platform and the consistent delivery of best-in-class services. We are well positioned to pursue quality growth and the creation of value for our shareholders through all market cycles. “

About Atlas
Atlas is a leading global asset management company, distinguished by its position as a leading owner and operator, focused on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with extensive experience in operations and capital allocation. We target long-term risk-adjusted returns on high quality infrastructure assets in the marine, energy and other vertical infrastructure sectors. Our two holding companies, Seaspan Corporation and APR Energy, are unique and industry-leading operating platforms in the global marine and energy spaces, respectively. For more information visit www.atlascorporation.com.

About Seaspan
Seaspan is a leading independent owner and operator of container ships. We charter our vessels primarily through long-term, fixed-rate charters from the largest container ships in the world. AT March 31, 2021, Seaspan’s fleet consisted of 127 container ships representing a total capacity of approximately 1,073,200 TEUs. We also have 37 vessels under construction and four used vessels, including the two vessel deliveries announced today, with a total of 597,000 TEU, bringing the total capacity to 1,670,200 TEU, on a fully delivered basis. For more information visit www.seaspancorp.com

Caution Regarding Forward-Looking Statements
This press release contains certain forward-looking statements (as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events, including forward-looking statements regarding the expected benefits of the vessel transactions for the situation Atlas financial statements and results of operations. Statements of a predictive nature, which depend on or refer to future events or conditions, or which include words such as “expects”, “anticipates”, “intends”, “plans”, “believes” , “Estimates”, “plans”, “forecasts”, “will”, “could”, “potential”, “should”, and similar expressions are forward-looking statements. These forward-looking statements reflect the current expectations of management only as of the date of this release. Therefore, you are cautioned not to rely on any forward-looking statements. Although such statements are based on assumptions, we believe they are reasonable based on the information available, they are subject to change. risks and uncertainties. These risks and uncertainties include, but are not limited to: the potential for early termination of the charters and the inability of Seaspan to replace them; the possibility that we may not be able to continue to perform our growth strategy; and other factors detailed from time to time in our periodic reports and documents to 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 as a result of future events, new information, a change in our views or expectations, or otherwise. We do not make any predictions or statements about the performance of any of our securities.

SOURCE Atlas Corp.

Related links

https://atlascorporation.com/

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