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Seaspan-owner Atlas Corp raises its full-year guidance

Atlas Corp., the owner of Seaspan, strengthens performance in the second quarter and raises its full-year guidance in light of the strong charter market for container vessels.

Atlas Corp CEO Bing Chen | Photo: PR/Seaspan

Sky-high freight rates and a capacity shortage in the container market are leading carriers to charter all the vessels they can get their hands on – setting off a windfall for the world's largest owner of container vessels, Seaspan.

Seaspan's parent company, Atlas Corp., increased its revenue to USD 393.9 million in the second quarter against USD 363.8 million in the same period last year. The bottom line slipped to USD 66.0 million against 82.7 million in the second quarter of 2020, primarily due to increased expenses related to vessel purchases.

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