Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp, has announced an update to its previous announcement regarding contracts for four 7,700 TEU dual-fuel liquefied natural gas containership newbuildings, subject to certain closing conditions.
The order was previously reported in May 2022. Due to certain conditions in the contracts not being fulfilled by the counterparty, the contracts have become null and void. Seaspan has not given any further information regarding the reasons, but says it has notified the relevant parties and reserved its rights to claim against the counterparty in relation to the contracts.
