LONDON, UK , Sept. 15, 2022 /CNW/ - Seaspan Corporation ("Seaspan"), a wholly-owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), today announced an update to Atlas' May 17, 2022 press release regarding contracts for four 7,700 TEU dual-fuel liquefied natural gas containership newbuildings, subject to certain closing conditions.

Due to certain conditions in the contracts not being fulfilled by the counterparty, the contracts have become null and void. Seaspan has notified the relevant parties and has reserved its rights to claim against the counterparty in relation to the contracts.

Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. For more information, visit atlascorporation.com.

Seaspan is the largest global containership lessor, primarily focused on long-term, fixed-rate leases with the world's largest container shipping liners. As at June 30, 2022 , Seaspan's operating fleet consisted of 127 vessels with a total capacity of 1,156,630 TEU, and an additional 63 vessels under construction, increasing total fleet capacity to 1,919,630 TEU, on a fully delivered basis. For more information, visit seaspancorp.com.

Cautionary Note Regarding Forward-Looking Statements

This release contains certain forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "intends", "expects", "anticipates", "plans", "believes", "estimates", "projects", "forecasts", "will", "may", "potential", "should", and similar expressions are forward-looking statements. These forward-looking statements reflect management's current expectations only as of the date of this release. As a result, you are cautioned not to rely on any forward-looking statements. Although these statements are based upon assumptions we believe to be reasonable based upon available information, they are subject to risks and uncertainties. These risks and uncertainties include but are not limited to factors detailed from time to time in our periodic reports and filings with the Securities and Exchange Commission, including Atlas' Annual Report on Form 20-F for the year ended December 31, 2021 . We expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of any of our securities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/seaspan-announces-update-regarding-order-for-four-7-700-teu-dual-fuel-lng-containership-newbuilds-301624986.html

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/15/c6646.html

Ottawa is using the private sector’s tax dollars to choke off its growth — right under its nose

Barclays forecast a slowdown in global growth to 2.2% in 2023 versus 2.8% this year, and warned that it expects advanced economies to contract in the fourth quarter with zero growth next year. Central banks globally have been rapidly tightening monetary policies, on the heels of the Russia-Ukraine conflict that exacerbated supply-chain issues, to keep soaring inflation in check as economies are still recovering from the pandemic.

WHISTLER, B.C. — British Columbia's Liberal leader says more supply is the answer to the province's housing affordability crisis, while one local leader says urgent action is also needed. Opposition leader Kevin Falcon says a Liberal government under his leadership would increase supply as a way to help first-time buyers. He says he would also back "direct" supports for renters, but he hasn't "fleshed out" exactly how that would look. Falcon made the comments after addressing the Union of B.C. M

Dividend stocks that are good for retirees are good for other investors as well for the risk-adjusted returns they provide. The post Canadians: 3 Easy Stocks to Invest for Retirement appeared first on The Motley Fool Canada.

Struggling home goods retailer Bed Bath & Beyond Inc is taking an axe to stores and jobs and overhauling its merchandising strategy, but its return to profitability anytime soon may hinge on luring U.S. shoppers who currently spend $18.2 billion a year on baby goods. The company's buybuy Baby unit is the largest specialty baby-product retailer in the U.S., according to GlobalData. Holding onto buybuy Baby -- which Bed Bath & Beyond had put up for sale under shareholder pressure before reversing course in August -- helped the parent company obtain its recent $375 million loan, the maximum amount it could borrow, a person familiar with the matter said.

Are you looking for stocks that can grow your portfolio over time? Here are two growth stocks. The post 2 Stocks That Could Grow Your Portfolio Over the Next Decade appeared first on The Motley Fool Canada.

President Biden’s climate change actions are a game-changer, and Canada needs to find a way to respond

Asset management stocks like Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM) look relatively safe this year. The post 3 of the Safest TSX Stocks Right Now appeared first on The Motley Fool Canada.

BEIJING — Stocks fell broadly in afternoon trading on Wall Street Friday, putting the market on track for another week of sizable losses. The latest discouraging news for traders came from corporate giants FedEx and General Electric, which warned about worsening trends in the economy hurting business. The S&P 500 fell 1.2% as of 2:41 p.m. Eastern. The benchmark index is down 5.3% for the week, with much of the loss coming from a 4.3% rout on Tuesday following a surprisingly hot report on inflati

Shopify is a tech stock that is trading at a massive discount to average price target estimates. But is SHOP stock a buy right now? The post Bear Market Selloff: Is Shopify Stock a Buy Right Now? appeared first on The Motley Fool Canada.

Goldman's management has been subjected to questions and follow-ups from the central bank's officials for several weeks, the report said, adding that the process was still ongoing. Goldman Sachs and the Fed declined to comment. Goldman Chief Executive Officer David Solomon has sought to reduce the bank's reliance on volatile trading and investment banking by shifting focus to its consumer bank.

If you're nervous about investing and only want to put $500 aside, I get it. If that's the case, consider this passive-income stock today. The post Got $500? Create Passive Income Each Month Right Now appeared first on The Motley Fool Canada.

Changing password can help prevent the hacker from accessing information such as name, address, contact number and credit card details. If there is any suspicion that credit card information may have has been leaked in a data breach, monitor your credit score for any changes, and consider freezing payments on credit cards to prevent unauthorized payments.

Carmakers Stellantis and Renault will partly halt their Spanish plants in the coming days and weeks as the lack of microchips persists, two union representatives told Reuters on Friday. The global chip shortage, caused by pandemic supply chaos and booming demand, has ravaged the automotive sector with many companies halting production temporarily. Two Renault factories in Spain's Castile and Leon region will come to a temporary halt, with one shutting down entirely on Saturday and the other cancelling shifts on several days this week and the next, a representative from the CCOO union said.

Marwest Apartment Real Estate Investment Trust ("Marwest Apartment REIT" or the "REIT") (TSXV: MAR.UN) is pleased to announce that it has entered into an agreement, on September 16, 2022, to purchase 153 multi-family residential units (the "Prairie View Pointe Property") in Winnipeg, Manitoba.

(Reuters) -Britain's antitrust watchdog said on Thursday it would launch an in-depth probe into Xbox maker Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard after the tech giant failed to offer remedies to soothe competition concerns. The deal, announced in January, will require approval in the United States as well as other major jurisdictions including the European Union and China. Britain's Competition and Markets Authority (CMA) said earlier this month the takeover of the videogame publisher maker could hurt competition in gaming consoles, subscription services and cloud gaming if Microsoft refused to give competitors access to Activision's best-selling games.

Two Canadian energy stocks with overflowing cash flows are worth holding despite a looming recession. The post Should You Drop Energy Stocks Before the Recession Kicks in? appeared first on The Motley Fool Canada.

Workers are scrambling to find last-minute child care across much of Canada after governments announced the sudden closure of schools to mourn Queen Elizabeth. The four Atlantic provinces, British Columbia and Yukon all declared Monday a holiday for provincial and territorial public-sector employees, including teachers and school staff. Yet most private-sector businesses will remain open, leaving many workers struggling to find child care or in some cases taking the day off unpaid. Kristine Grac

SEOUL, South Korea (AP) — The head of China’s legislature called for cooperation with South Korea in advanced technology and supply chains, as he met South Korean officials Friday amid concerns that their moves to solidify a military alliance with Washington could hamper Seoul's ties with Beijing. Li Zhanshu, third in the Chinese Communist Party hierarchy and one of President Xi Jinping’s closest confidants, is the highest-level Chinese official to visit South Korea since his predecessor did so

The airline said it continues to experience "strong revenue trends" in the third quarter, which is typically marked by a drop in leisure travel after the labor holiday weekend. "Although early in the booking curve, the company continues to experience strong revenue trends in fourth quarter 2022," Southwest said, while reaffirming full-year profit expectations.