Poseidon Containers Holdings Corp (NYSE: PCON) was established in December 2010 and is headquartered in Kifissia, Greece, with 475 full-time employees (7/21/2015). It is a diversified, low fuel consumption, independent company The owner’s container ship operator.
On November 15, 2018, Global Ship Lease, Inc. , Poseidon Containers Holdings LLC and K&T Marine LLC (collectively referred to as “Poseidon Containers”) announced the merger. The combined company will have 38 ships with a total capacity of 198,793 TEUs. On September 30, 2018, the average age of the fleet was weighted by 10.7 years.
Poseidon Containers (PCON):
Poseidon Containers Holdings Corp began in December 2010 through its predecessor Poseidon Containers Group (a private equity company established by PCON CEO George Giouroukos in conjunction with Kelso & Company LP, and Maas Capital Investments BV, etc.) Commercial operation, the company was incorporated in the Republic of the Marshall Islands on September 29, 2014, with the goal of leveraging its own advantages in the container shipping industry and seeking acquisition targets.
Poseidon has an “initial team” composed of 18 container ships, including: 5 Handymax vessels, 2 Panamax vessels and 11 Post-Panamax vessels. , With a total capacity of 89,781 TEUs, and an average container life of 11.3 years, slightly higher than the average data published as of March 31, 2015.
Poseidon Containers (PCON) investment:
Has been acquired and delisted.