ATCO News and Press, Atlas Corp. From 06/20/22

Container shipping stocks have cratered, largely due to macro fears, dragging down container ship lessors, like Danaos, with them. This is undue, given Danaos' reliance on long-term charters and the fact that charter rates continue to climb. Finally, Danaos has taken advantag...

Prem Watsa’s 13F portfolio value decreased from $3.12B to $3.01B this quarter. Fairfax Financials’ largest three stakes are Atlas Corp, Resolute Forest Products, and BlackBerry. They together account for ~73% of the 13F assets. The 13F securities form a small portion...

ZIM's shares have cratered over the past week as concerns about rising economic tailwinds have gripped the markets. Despite the prospect of lower freight rates for container shipping, ZIM can still be *immensely* profitable. And even if it were to return to a level of early-2021 p...

Danaos had a fantastic first quarter, buoyed by a $110 million dividend from ZIM. The company showed excellent charters and operating revenue. With this income, Danaos is further reducing its debt to become the shipping lessor with the best balance sheet. Though many would lik...

Atlas's (NYSE:ATCO) wholly-owned subsidiary Seaspan has signed agreements with a major shipyard to build four 7,700 TEU dual-fuel liquefied natural gas containership newbuilds. The vessels will be funded through existing liquidity, cash flow from operations, and additional borrowings and are ...

Seaspan Announces Closing of $500 Million Sustainability-Linked US Private Placement Canada NewsWire LONDON, UK , May 18, 2022 /CNW/ - Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), today announced it has...

Global Ship Lease reported Q1 earnings with massive improvement year over year. The company's balance sheet is in good shape with interest rates well below inflation. With excess cashflow from great recharterings, the company boosted its dividend by 50% and initiated a buyback. ...

Atlas Corp. (ATCO) Q1 2022 Earnings Conference Call May 12, 2022 8:30 AM ET Company Participants Will Kostlivy - Head of Investor Relations Bing Chen - President and Chief Executive Officer Graham Talbot - Chief Financial Officer Torsten Pedersen - Chief Operational Officer of Seaspan Peter C...

Atlas (NYSE:ATCO) is trading over -6% down after its Q1 earnings and revenues missed estimates. Revenue was $408.1M (+9.5% Y/Y), missing estimates by $6.89M. Higher revenues drove a 16.5% increase and adjusted EBITDA to $277.1M. Adjusted EPS rose 56% to $0.39, but fell short by $0.0...

The following slide deck was published by Atlas Corp. in conjunction with their 2022 Q1 earnings call. For further details see: Atlas Corp. 2022 Q1 - Results - Earnings Call Presentation