Yangzijiang acquires stake in Seaspan parent company

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Yangzijiang Shipbuilding completed the acquisition of a 10% stake in Poseidon Corp, the parent company of Seaspan Corporation, for about $825.7 million. This marks a significant investment by one of the largest shipbuilders in the containership ownership sector.

Yangzijiang Shipbuilding has completed the acquisition of a 10% stake in Poseidon Corp, the ultimate parent company of non-operating containership owner Seaspan Corporation. The transaction was valued at approximately US$825.7 million and marks a significant investment by one of the world’s largest commercial shipbuilders into the containership ownership sector. Separately, Hengyuan Asset Investment, the private […] The post Yangzijiang acquires stake in Seaspan parent company appeared first on Container News.