LONDON,
UK, Sept. 15, 2022 /PRNewswire/ - Seaspan
Corporation ("Seaspan"), a wholly-owned subsidiary of Atlas Corp.
("Atlas") (NYSE: ATCO), today announced an update to Atlas'
May 17, 2022 press release regarding
contracts for four 7,700 TEU dual-fuel liquefied natural gas
containership newbuildings, subject to certain closing
conditions.
Due to certain conditions in the contracts not being fulfilled
by the counterparty, the contracts have become null and void.
Seaspan has notified the relevant parties and has reserved its
rights to claim against the counterparty in relation to the
contracts.
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 disciplined capital deployment to create
sustainable shareholder value. We target long-term, risk-adjusted
returns across high-quality infrastructure assets in the maritime
sector, energy sector and other infrastructure verticals. For more
information, visit atlascorporation.com.
About Seaspan
Seaspan is the largest global containership lessor, primarily
focused on long-term, fixed-rate leases with the world's largest
container shipping liners. As at June 30,
2022, Seaspan's operating fleet consisted of 127 vessels
with a total capacity of 1,156,630 TEU, and an additional 63
vessels under construction, increasing total fleet capacity to
1,919,630 TEU, on a fully delivered basis. For more information,
visit 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. Statements that are
predictive in nature, that depend upon or refer to future events or
conditions, or that include words such as "intends", "expects",
"anticipates", "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 factors
detailed from time to time in our periodic reports and filings with
the Securities and Exchange Commission, including Atlas' Annual
Report on Form 20-F for the year ended December 31, 2021. 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/seaspan-announces-update-regarding-order-for-four-7-700-teu-dual-fuel-lng-containership-newbuilds-301624986.html
SOURCE Atlas Corp.