Seaspan Cancels Shipbuilding Order

Seaspan

Seaspan, a wholly-owned subsidiary of Atlas Corp., 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.

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