Independent journal on economy and transport policy
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Atlas Corp. (Seaspan Corporation) closes 2021 with record results
The turnover grew by +15.9%
February 18, 2022
Atlas Corp., a company that owns Seaspan Corporation which, with a fleet of 134 container ships, is the most great charterer of container ships of the world, closed the 2021 with record financial performance. Last year revenues amounted to $1.65 billion, an increase in +15.9% on 2020. Adjusted EBITDA was attested to 1.12 billion dollars (+20.8%), with a contribution of $978.4 million (+23.0%) from Seaspan Corporation and $136.4 million million (+7.4%) from APR Energy, the company purchased in 2019 from Atlas which is active in the field of power plants furniture. Operating profit was $762.2 million (+66.2%) and net profit of 400.5 million dollars (107.9%), with a contribution to net income of $387.0 million (+30.9%) from the container fleet and 16.7 million, compared to to a negative contribution of -113.9 million in 2020, from APR Energy.
In the fourth quarter of 2021 alone, Atlas Corp. recorded revenues of 428.2 million dollars, with an increase of +18.1% on the corresponding period of the previous year. Adjusted EBITDA is state of 283.5 million (+18.8%), with a contribution of 279.5 million (+35.2%) from Seaspan and 3.7 million (-85.5%) from APR. The profit operating has totaled 209,6 million dollars (+502.3%) and net income $142.3 million, compared to a loss net of -26.1 million in the last quarter of 2020, with a positive contribution of € 178.7 million (+100.3%) from Seaspan and negative sign for -29.1 million (-125.6 million in the fourth quarter 2020) by APR Energy.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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Atlas Corp., a company that owns Seaspan Corporation which, with a fleet of 134 container ships, is the most great charterer of container ships of the world, closed the 2021 with record financial performance. Last year revenues amounted to $1.65 billion, an increase in +15.9% on 2020. Adjusted EBITDA was attested to 1.12 billion dollars (+20.8%), with a contribution of $978.4 million (+23.0%) from Seaspan Corporation and $136.4 million million (+7.4%) from APR Energy, the company purchased in 2019 from Atlas which is active in the field of power plants furniture. Operating profit was $762.2 million (+66.2%) and net profit of 400.5 million dollars (107.9%), with a contribution to net income of $387.0 million (+30.9%) from the container fleet and 16.7 million, compared to to a negative contribution of -113.9 million in 2020, from APR Energy.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
