ONE’s net profit down by 94% in FY23
NewsONE’s net profit for FY23 plummets amid lingering inflation and lack of cargo movement recovery.
ONE buys stake in Seaspan
Atlas Corp, which controls Seaspan, has entered into a definitive S&P Agreement with Poseidon Acquisition Corp (a consortium of affiliates of Fairfax Financial Holdings Limited, affiliates of the Washington Family, Atlas Board Chairman David Sokol, and Ocean Network Express Pte Ltd) under which Poseidon will acquire Atlas in an all-cash transaction of around Can$10.9B
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