ONE boosts stake in Seaspan parent to support fleet growth strategy
- Sixth-largest container line has increased its investment in Seaspan by raising its stake to 48.9% in parent company Poseidon Corp, following the purchase of shares from existing investors
- Chief executive Jeremy Nixon said the move supports the company’s ‘ONE 2030’ growth strategy, as the carrier seeks to expand market share
ONE first became a key shareholder in world’s largest boxship tonnage provider in 2023, when Seaspan’s parent company was taken private after being listed on the NYSE
