Ocean Network Express (ONE) is deepening its ties with the world’s largest containership lessor.
The Singapore-based liner announced plans to increase its ownership stake in Poseidon Corp., the parent company of Seaspan Corporation, to 48.9%.
The transaction involves acquiring shares from existing shareholders, subject to regulatory approval.
By doubling its stake, ONE secures a financial and strategic foothold in the platform responsible for a massive portion of the global orderbook.
This development is in line with the “ONE 2030” strategic growth plan, placing it on the doorstep of majority control over the world’s premier ship-leasing platform.
As the leading independent tonnage provider, Seaspan operates 241 vessels (over 2.5 million TEU) with a 99% utilization rate.
Poseidon manages two main platforms through Atlas Corp.: Seaspan (maritime) and APR Energy (mobile power).
The move reflects an industry trend where liners seek greater control over vessel supply.
This consolidation follows other major shifts, such as Hapag-Lloyd’s $4.2 billion acquisition of ZIM, as carriers race to solidify their positions in a reshaped alliance
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