Seaspan Accepts Delivery of Fifth 11000 TEU SAVER Containership

Hong Kong - Jan. 4, 2018 /CNW/

Seaspan Corporation (NYSE:SSW) announced today that it has accepted delivery of the MSC Yashi B, an 11000 TEU containership that will commence a bareboat charter with MSC Mediterranean Shipping Company S.A. ("MSC") for a period of seventeen years. Upon completion of the bareboat charter period, MSC is obligated to purchase the vessel for a pre-determined amount.

The MSC Yashi B, which was constructed at HHIC-PHIL INC., is Seaspanís fifth 11000 TEU SAVER design containership in a series of five ships under bareboat charter to MSC. This is Seaspanís first vessel delivery in 2018, expanding Seaspanís operating fleet to 90 vessels.

About Seaspan
Seaspan provides many of the worldís 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 services. Seaspanís managed fleet consists of 110 containerships representing a total capacity of approximately 900,000 TEU, including 4 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2018. Seaspanís current operating fleet of 90 vessels has an average age of approximately six years and average remaining lease period of approximately five years, on a TEU weighted basis.

Seaspan Corporation press release