Welcome to our dedicated page for Atlas news (Ticker: ATCO), a resource for investors and traders seeking the latest updates and insights on Atlas stock.
Atlas Corp. operates as a global asset management company focused on long-term, risk-adjusted returns from infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Recurring Atlas news centers on preferred-share capital actions, including quarterly cash dividend declarations on preferred series and completed redemptions of preferred securities. Company updates also describe maritime asset activity, including vessel programs and long-term charter arrangements in transportation infrastructure.
Atlas Corp. (NYSE: ATCO), through its subsidiary Seaspan Corporation, has announced an agreement for the construction of eight scrubber-fitted containerships, including four 12,000 TEU and four 15,000 TEU vessels. This deal aims to enhance fleet efficiency and emissions reduction, with deliveries expected between late 2022 and Q3 2023. Seaspan's fleet currently consists of 127 vessels totaling about 1,073,000 TEU, generating approximately $4.1 billion in contracted revenue. The addition of these newbuilds is part of Seaspan's strategy to solidify its market presence.
Seaspan Corporation, a subsidiary of Atlas Corp. (NYSE:ATCO), announced the acquisition of two 15,000 TEU scrubber-fitted containerships on long-term charter with a global customer. The vessels, built in 2019, will enhance Seaspan's fleet efficiency and emissions reduction capabilities, expected to be delivered by late Q2 2021. This transaction reflects Seaspan's commitment to growth through strategic partnerships and extends its long-term contracted revenue profile, which totaled approximately $4.1 billion as of September 30, 2020. The acquisition adds new capacity amidst ongoing fleet expansion.
Atlas Corp. (NYSE: ATCO) will hold its virtual 2021 Investor Day on March 23, 2021, at 8:30 am ET. The management will discuss operational and financial strategies along with 2021 guidance. Chairman David Sokol will deliver opening remarks, with the Board participating in Q&A sessions. The event will be webcast and accessible through their website. A replay will be available after 48 hours for up to one year. Atlas focuses on creating sustainable shareholder value, targeting long-term returns in the maritime and energy sectors.
Atlas Corp. (NYSE: ATCO) will release its financial results for the quarter and year ended December 31, 2020, on March 8, 2021, after market close. A conference call for shareholders and interested parties is scheduled for March 9, 2021, at 8:30 a.m. ET. The call can be accessed via a toll-free dial-in or webcast. A replay will be available shortly after the call until March 24, 2021. Atlas focuses on sustainable shareholder value through its portfolio companies in the maritime and energy sectors.
Atlas Corp. (NYSE: ATCO) announced its participation in two investor conferences: the Stifel 2021 Virtual Transportation & Logistics Conference on February 9, 2021, at 10:40 am ET, and the JP Morgan Virtual Industrials Conference on March 15, 2021, at 8:50 am ET. CEO Bing Chen and CFO Graham Talbot will present and engage in a Q&A session. Investors can access webcasts of these presentations through provided links. Atlas focuses on sustainable shareholder value in the maritime and energy sectors, highlighting its portfolio companies, Seaspan and APR.
Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (ATCO), announced a new agreement for two 24,000 TEU ultra-modern container ships. Anticipated deliveries begin in the first half of 2023, with both vessels entering 18-year charters with a major global liner customer. Seaspan's fleet, as of September 30, 2020, included 127 vessels and $4.1 billion in total contracted revenue. This new order, along with previously announced vessels, will enhance its fleet capacity significantly, supporting company growth and shareholder value.
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Atlas Corp. (NYSE: ATCO) has officially appointed Graham Talbot as its new Chief Financial Officer. Talbot brings over 25 years of financial expertise, most recently serving as CFO of the Abu Dhabi Power Corporation. His extensive career includes leadership roles at Maersk Energy and Shell across various global regions. Bing Chen, President and CEO, expressed confidence that Talbot's experience will be integral to the company's growth initiatives. Atlas aims to enhance shareholder value through effective capital deployment in the maritime and energy sectors.
Atlas Corp. (NYSE: ATCO) has declared cash dividends on its common and preferred shares for Q4 2020. The common shares will receive $0.125 per share, with a record date of January 20, 2021, and payment on February 1, 2021. For preferred shares, the Series D will pay $0.496875, Series E will pay $0.515625, and Series G will pay $0.5125, all with the same record and payment dates as common shares. The Series H will pay $0.492188 and Series I will pay $0.50, also following the same schedule.
DLA Piper facilitated Seaspan Corporation's offering of US$201.25 million in 3.75% exchangeable senior notes due 2025, which closed on December 21, 2020. The notes can be exchanged for common shares of Seaspan's parent, Atlas Corp. (NYSE: ATCO), cash, or a mix of both. To mitigate dilution from the exchange, Seaspan also engaged in capped call transactions. This strategic move is expected to enhance Seaspan's growth and capital capacity.