Seaspan Updates on Dual-Fuel LNG Newbuilds Orders

(Energy Analytics Institute, 15.Sep.2022) — Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. ( NYSE: ATCO), revealed details related to Atlas’ 17 May 2022 press statement regarding contracts for four 7,700 TEU dual-fuel LNG 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 said 15 September 2022 in an official statement.

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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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.