{"id":5481,"date":"2020-03-02T16:04:24","date_gmt":"2020-03-02T13:04:24","guid":{"rendered":"https:\/\/www.al-sindbad.net\/seaspan-wraps-up-reorganization\/5481\/"},"modified":"2020-03-02T16:04:24","modified_gmt":"2020-03-02T13:04:24","slug":"seaspan-wraps-up-reorganization","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/seaspan-wraps-up-reorganization\/5481\/","title":{"rendered":"Seaspan Wraps Up Reorganization"},"content":{"rendered":"<p><strong>Hong Kong-based containership operator Seaspan Corporation and Atlas Corp have announced the closing of Seaspan\u2019s <a href=\"https:\/\/worldmaritimenews.com\/archives\/286881\/seaspan-to-form-new-holding-company-acquire-apr\/\" target=\"_blank\" rel=\"noopener noreferrer\">previously announced holding company reorganization<\/a> to create a new holding company, Atlas.<\/strong><\/p>\n<p>In conjunction with the reorganization, Atlas expects to announce the closing of Atlas\u2019 USD 750 million acquisition of APR Energy Limited,\u00a0a company specializing in fast-track, mobile power solutions.<\/p>\n<p><\/p>\n<p>With the completion of the transactions, Seaspan and APR will both become wholly-owned subsidiaries of Atlas. As World Maritime News previously reported, the move is aimed at advancing strategic capital allocation initiatives and providing operational transparency.<\/p>\n<p><\/p>\n<p>The reorganization was implemented through the merger of Seaspan\u2019s indirect wholly-owned subsidiary into Seaspan, with Seaspan continuing as the surviving corporation and a direct wholly-owned subsidiary of Atlas.<\/p>\n<p><\/p>\n<p>The reorganization was approved by Seaspan shareholders at the Special Meeting of Shareholders held on February 27, 2020, in Hong Kong.<\/p>\n<p><\/p>\n<p>Related:<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/worldmaritimenews.com\/archives\/291588\/seaspan-breaks-one-million-teu-threshold-with-quartet-purchase\/\" target=\"_blank\" rel=\"noopener noreferrer\">Seaspan Breaks One Million TEU Threshold with Quartet Purchase<\/a><\/p>\n<p>world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong-based containership operator Seaspan Corporation and Atlas Corp have announced the closing of Seaspan\u2019s previously announced holding company reorganization to create a new holding company, Atlas. In conjunction with the reorganization, Atlas expects to announce the closing of Atlas\u2019 USD 750 million acquisition of APR Energy Limited,\u00a0a company specializing in fast-track, mobile power solutions. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":5482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[461,375,2460],"class_list":["post-5481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-reorganization","tag-seaspan","tag-wraps"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/5481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=5481"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/5481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/5482"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=5481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=5481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=5481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}