Former Buffett Heir Apparent David Sokol Gets Into LNG With COSCO and Singapore's Swiber (SSW)

David Sokol, Chairman of Seaspan, was CEO and chair of MidAmerican Energy when Berkshire Hathaway bought the utility. At the time MidAm was running the largest utility-owned wind generation fleet in the U.S., in addition to the hydrocarbon fueled generation. He appeared to have the inside track to replacing Buffet, with Ajit Jain being elevated to God-King of all insurance ops.

Then Sokol decided to trade ahead of a Berkshire acquisition and Buffet did the investigation and fired Sokol. He next showed up on our pages in January 2018's "Former Buffett Heir Apparent David Sokol Resurfaces In the Shipping Business" with the intro being:

We have a lot of stuff on Mr. Sokol what with the wind and the gas and the BRK Mid-American Energy and all. Some links below....

He has appeared a few times since:
June 2018 
Shipping: Canadian Fund Fairfax Commits to New $500 Million Investment in David Sokol's Seaspan
Jan 2019 
Warren Buffet's Former Heir Apparent Cuts A Deal With "The Warren Buffet of Canada"

Seaspan runs a container fleet with 900,000 TEU capacity.

And the latest. First up an April 3 press release via MarketWatch:

Seaspan Announces Framework Agreement with COSCO SHIPPING Energy Transportation Relating to LNG Opportunities

HONG KONG, April 3, 2019 /PRNewswire/ - Seaspan Corporation ("Seaspan") SSW, -0.99% today announced a framework agreement (the "Agreement") for strategic cooperation with COSCO SHIPPING Energy Transportation Co., Ltd. ("COSCO SHIPPING Energy"). COSCO SHIPPING Energy specializes in LNG, oil products, and other energy transportation under China COSCO Shipping Corporation Ltd., ("COSCO Shipping"), and has the largest LNG fleet in China.

Pursuant to the Agreement, both parties are committed to strengthening their exchange of and collaboration on opportunities relating to LNG investments, LNG projects, LNG transportation, ethane transportation, or other related and mutually beneficial projects. The strategic partnership will leverage the strengths and networks of both companies, taking advantage of COSCO SHIPPING Energy's experience in the building, operation, and management of LNG vessels, and Seaspan's global experience in the operation and management of containerships, as well as the networks and experience of its board members in the energy sector....MUCH MORE

And from the Straits Times, April 2:

NY-listed Seaspan investing up to $270m in Swiber
$13.5m in initial tranche; rest to come after key milestones are hit

A New York-listed firm will invest up to US$200 million (S$270 million) in Swiber Holdings, a move the marine engineering group says is a significant step forward in its restructuring.
The shot in the arm for Swiber from Seaspan, which owns and manages containerships, comes after more than two years in judicial management.

Swiber and Seaspan said last Saturday that they have modified certain aspects of the investment deal announced last October when the parties signed a term sheet.

An initial investment tranche of US$10 million - this was previously US$20 million - will be unlocked in exchange for an 80 per cent interest in a new holding company that will contain certain Swiber Group assets.

Once the firm has secured the development stage LNG-to-power project in Vietnam and achieved major milestones, a tranche of US$190 million, previously US$180 million, will be used to subscribe to preference shares in Swiber's wholly owned subsidiary, Equatoriale Energy. This entity will also form part of the New Swiber group....MORE

Two things to be aware of regarding Seaspan. Firstly the stock looks a bit extended:

FinViz

Secondly the company has 38 million shares registered to sell, here's the prospectus, and what had been on the shelf was just declared effective on April 2.