Ocean Network Express (ONE) has signed new agreements with existing shareholders to acquire an additional stake in Poseidon Corp.
As the parent company of Seaspan Corporation the world’s largest non-operating owner of containerships Poseidon is a critical asset in the global ocean freight market.
Once this latest transaction officially closes, ONE’s total ownership in Poseidon will jump to 48.9%. This move significantly strengthens the ocean carrier’s direct influence over Seaspan’s massive vessel chartering platform, ensuring a stable pipeline of tonnage for its global network.
This acquisition builds directly on ONE’s initial investment in the tonnage provider, which was made back in 2023. The carrier views this expanded ownership as a core pillar of its long-term capacity planning.
“Since our initial investment in 2023, Seaspan has achieved remarkable growth as the world’s leading tonnage platform,” stated Jeremy Nixon, CEO of ONE. “We are pleased to acquire this additional stake in Poseidon, which fully aligns with our ONE 2030 strategic growth plan.”