Seaspan Accepts Delivery of 52nd Containership

Wednesday, June 09, 2010

Seaspan Corporation (NYSE:SSW) accepted delivery of a 4250 TEU containership named the CSAV Lebu from Jiangsu Yangzijiang Shipbuilding Co., Ltd. (YZJ) on June 4, 2010. This is Seaspan's tenth delivery in 2010, expanding the Company's operating fleet to 52 vessels. Compañia Sud Americana de Vapores (CSAV) of Chile accepted delivery of the CSAV Lebu on June 7, 2010. The vessel is on charter to CSAV under a six-year, fixed-rate time charter. It is the last of four 4250 TEU sister ships to be chartered by Seaspan to CSAV, and is the last of fourteen vessels delivered from YZJ to Seaspan.

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