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ATCO - $ATCO STOCK NEWS

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Atlas Corp. (ATCO), a leading global asset management company, distinguishes itself as a top-tier owner and operator focused on disciplined capital allocation to foster sustainable shareholder value. With an experienced asset management team, Atlas targets long-term, risk-adjusted returns across high-quality infrastructure assets, particularly in the maritime and energy sectors.

The company's two main portfolio firms, Seaspan Corporation and APR Energy Limited, are industry leaders in their respective fields. Seaspan, a global leader in containership ownership and management, has recently signed a pivotal Conversion Commitment Agreement with Hapag-Lloyd and MAN Energy Solutions. This agreement aims to retrofit Seaspan's vessels with dual-fuel engines capable of operating on methanol, potentially decreasing CO2 emissions by 50,000-70,000 tonnes annually per vessel. This collaboration emphasizes Seaspan's commitment to environmental sustainability and operational excellence.

Recently, Atlas Corp. has completed the redemption of all outstanding shares of its Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, Series I. This financial maneuver underscores the company's strong economic health and strategic capital management.

In another key development, Seaspan has partnered with Hyundai Glovis, a leading car carrier, to develop a new fleet of dual-fuel LNG Pure Car and Truck Carriers. These vessels are designed to be methanol and ammonia-ready, reinforcing Seaspan's leadership role in sustainable shipping solutions.

Atlas Corp.'s financial condition remains robust, supported by its extensive asset portfolio and strategic partnerships. The company's clear focus on innovation, sustainability, and efficient capital deployment positions it for continued growth and industry leadership. Investors and stakeholders can expect Atlas to maintain its trajectory of delivering substantial value while spearheading advancements in the global maritime and energy sectors.

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Atlas Corp. announces cash dividends for its preferred shares with dividend per share ranging from $0.4375 to $0.496875.
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Atlas Corp. (ATCO) declares cash dividends on its preferred shares for the period October 30, 2023, to January 29, 2024. The dividends per share are $0.496875 for Series D Preferred, $0.492188 for Series H Preferred, and $0.437500 for Series J Preferred. The record date is January 29, 2024, and the payment date is January 30, 2024.
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Seaspan Corporation (Seaspan) (SSW) announces a partnership with Hyundai Glovis (Glovis) to develop 10,800 CEU dual-fuel LNG, with ammonia and methanol ready, Pure Car and Truck Carrier (PCTC) vessels. The vessels will be under long-term time charter upon delivery and will bring unparalleled quality, scale, and flexibility to Glovis. Seaspan's existing 70-vessel newbuild program includes 25 dual-fuel LNG containerships. President and CEO Bing Chen emphasizes the company's commitment to alternative fuel initiatives and sustainable shipping. Chief Commercial Officer Kun Li sees the partnership as an opportunity to support the global initiative for cleaner transportation alternatives.
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Atlas Corp. has completed the redemption of all outstanding shares of its Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares - Series I. The redemption price was $25.00 per share, and a total of six million shares were redeemed on October 30, 2023.
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Atlas Corp. declares cash dividends on preferred shares.
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FAQ

What does Atlas Corp. (ATCO) do?

Atlas Corp. is a global asset management company focused on long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime and energy sectors.

Who are the main subsidiaries of Atlas Corp.?

Atlas Corp.'s main subsidiaries are Seaspan Corporation and APR Energy Limited, leaders in the maritime and energy sectors, respectively.

What recent projects has Atlas Corp. undertaken?

Atlas Corp. recently signed a Conversion Commitment Agreement to retrofit vessels with dual-fuel engines and completed a redemption of its Series I Preferred Shares.

How is Atlas Corp. contributing to sustainability?

Atlas Corp., through its subsidiary Seaspan, is involved in projects to retrofit vessels with dual-fuel engines capable of running on methanol, significantly reducing CO2 emissions.

What types of assets does Atlas Corp. invest in?

Atlas Corp. invests in high-quality infrastructure assets, with a particular focus on the maritime and energy sectors.

How does Atlas Corp. ensure long-term returns?

Atlas Corp. employs disciplined capital deployment and partners with industry leaders to ensure sustainable and risk-adjusted long-term returns.

What is the significance of the Seaspan and Hyundai Glovis partnership?

This partnership aims to build a new fleet of dual-fuel LNG Pure Car and Truck Carriers, emphasizing sustainable shipping and operational excellence.

What was Atlas Corp.'s latest financial move?

Atlas Corp. recently completed the redemption of all outstanding shares of its Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, Series I.

What is Seaspan Corporation's role within Atlas Corp.?

Seaspan Corporation is a key subsidiary of Atlas Corp., focusing on containership ownership and management with a strong emphasis on sustainability and innovation.

How can I learn more about Atlas Corp. and its subsidiaries?

For more information about Atlas Corp. and its subsidiaries, visit their official website at atlascorporation.com.

ATCO

NYSE:ATCO

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4.45B
82.63M
30.44%
66.05%
5.18%
Asset Management
Financial Services
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