One absolute winner in China logistics as Covid rules relaxed
Joy and fear
“As a result of our resilient business model focused on long term contracted cash flows, our financial performance has been unaffected by port congestion and supply chain disruptions.” – Bing Chen, president and CEO of Atlas Corp, 8 November 2021.
In particular, we were told that Atlas-owned Seaspan, the world’s largest non-operating shipowner, once again “exhibited its market leadership” by securing “25 newbuild vessel orders backed by long term charters.”
Moreover, it took delivery of the first vessel “in our 70 vessel newbuild program ...