VANCOUVER, BC, Dec. 5, 2023 /PRNewswire/ -- Seaspan Corporation
(Seaspan), the world-leading owner and operator of containerships,
continues quality growth through the 10,800 CEU dual-fuel LNG, with
ammonia and methanol ready, Pure Car and Truck Carrier (PCTC)
newbuild program in partnership with a market-leading car carrier,
Hyundai Glovis (Glovis).
As one of the world largest car carriers and part of the Hyundai
Motor Group, Glovis can leverage Seaspan's proven competencies of
consistent operational excellence, innovative customer partnership,
and solid financial strength. The vessels will be under long-term
time charter upon delivery and, as the largest PCTCs under
development to date, will bring unparalleled quality, scale, and
flexibility to Glovis.
With a proven track record of working with major shipping lines
and shipbuilders to develop a customer-inspired alternative fuel
vessel portfolio, Seaspan negotiated the purchase from a China
State Shipbuilding Corporation shipyard – Shanghai Waigaoqiao
Shipbuilding. These state-of-the-art dual-fuel LNG PCTC vessels
will be methanol and ammonia-ready, underscoring Seaspan's
leadership in transition pathways, innovative ship design, and
newbuild execution, in addition to Seaspan's existing 70-vessel
newbuild program which includes 25 dual-fuel LNG
containerships.
"This deal signifies our customers' trust and value of Seaspan's
commitment and capability executing alternative fuel initiatives,"
emphasized Bing Chen, President and CEO of Seaspan. "By
incorporating our extensive experience in dual-fuel LNG
containerships, while working proactively with all stakeholders
during this decarbonization journey, Seaspan is uniquely poised to
contribute to the standards and progress of sustainable
shipping."
"We're extremely proud of partnering with Glovis, the market
leader in the PCTC sector, and leverage our integrated platform to
facilitate their strategic success," added Kun Li, Seaspan's Chief Commercial Officer. "As
jurisdictions seek to transition away from conventional fueled
vehicles to electric vehicles, we see this as an opportunity to not
only meet the current demand for sustainable shipping solutions but
also support the global initiative for cleaner transportation
alternatives."
Forward-Looking
Statements
This release contains "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 "will", "believe",
"intend", "plan", "expect", "estimate", "project", "forecast", and
similar expressions are forward-looking statements. You are
cautioned not to rely on these forward-looking statements. These
statements are based on current expectations of future events, are
not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the Atlas
Corp.'s (Atlas) control and are difficult to predict. 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,
2022. Atlas undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or
circumstances occurring after this release. If underlying
assumptions prove inaccurate or unknown risks or uncertainties
materialize, actual events could vary materially from Atlas'
expectations. We make no prediction or statement about the
performance of any of our securities.
About Atlas Corp.
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. Atlas targets long-term,
risk-adjusted returns across high-quality infrastructure assets in
the maritime sector, energy sector and other infrastructure
verticals. Atlas' wholly owned subsidiaries include APR Energy and
Seaspan Corporation. For more information visit
atlascorporation.com.
About Seaspan
Corporation
Seaspan is the largest global containership lessor, primarily
focused on long-term, fixed-rate leases with the world's largest
container shipping liners. As of September
30, 2023, Seaspan's operating fleet consisted of 142 vessels
with a total capacity of 1,410,800 TEU, and an additional 47
vessels under construction, delivering through to December 2024, increasing total fleet capacity to
1,927,800 TEU, on a fully delivered basis. For more information,
visit seaspancorp.com.
For media inquiries, please contact: Cailey Murphy, Head of Corporate
Communications, communications@seaspancorp.com
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