Seaspan Accepts Delivery of 4600 TEU Containership
HONG KONG, CHINA -- (Marketwired) -- 06/13/13 -- Seaspan Corporation
(NYSE:SSW) announced today that it accepted delivery of a 4600 TEU
containership, the MOL Excellence. The containership was constructed
by Mitsubishi Heavy Industries Ltd. in 2003 and expands the Company's
operating fleet to 70 vessels.
The MOL Excellence is on charter to Mitsui O.S.K. Lines Ltd. ("MOL")
under a two-year, fixed-rate time charter. The ship is the fifth of a
total of eight vessels to be chartered by Seaspan to MOL.
Seaspan provides many of the world's major shipping lines with
creative outsourcing alternatives to vessel ownership by offering
long-term leases on large, modern containerships combined with
industry leading ship management including turnkey services in ship
design, cadet development, crewing, and newbuilding supervision with
a reputation for safety, quality and innovation. Seaspan's managed
fleet consists of 89 containerships representing a total capacity of
over 600,000 TEU, including 16 newbuild containerships on order
scheduled for delivery by the end of 2015. Seaspan's current
operating fleet of 70 vessels has an average age of approximately six
years and an average remaining lease period of approximately six
years. Seaspan's common shares, Series C Preferred Shares and Series
D Preferred Shares are listed on The New York Stock Exchange under
the symbols "SSW", "SSW PR C" and "SSW PR D", respectively.
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
The statements in this press release that are not historical facts
may be forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause the outcome to be
materially different. These risks and uncertainties include, among
others, those discussed in Seaspan's public filings with the U.S.
Securities and Exchange Commission. Seaspan undertakes no obligation
to revise or update any forward-looking statements unless required to
do so under the securities laws.
Seaspan Corporation - Investor Relations Inquiries
Mr. Sai W. Chu
Chief Financial Officer
The IGB Group
Mr. Leon Berman
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