ONE expands investment in Seaspan’s parent company

Ocean Network Express (ONE) has signed agreements to acquire an additional stake in Poseidon Corp. from existing shareholders.

Poseidon is the parent company of Seaspan Corporation, the world’s largest non-operating owner of containerships.

Once the transaction closes, ONE’s ownership in Poseidon will increase to 48.9 per cent.

Jeremy Nixon, CEO of ONE, said: “Since our initial investment in 2023, Seaspan has achieved remarkable growth as the world’s leading tonnage platform. We are pleased to acquire this additional stake in Poseidon, which fully aligns with our ONE 2030 strategic growth plan.”

Recently, ONE announced an enhancement to its West Coast South America (AX4) service, expanding network coverage across Latin America and Asia.

For more information:

Ocean Network Express (ONE) – https://www.one-line.com/en