Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA -- (Marketwired) -- 10/13/15 -- Seaspan Corporation (NYSE: SSW) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows:

----------------------------------------------------------------------------
                        Dividend
Security    Ticker     per Share            Period  Record Date Payment Date
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                                   July 1, 2015 to
Class A                              September 30,  October 20,  October 30,
 Common     SSW           $0.375              2015         2015         2015
----------------------------------------------------------------------------
Series C                          July 30, 2015 to  October 29,  October 30,
 Preferred  SSW PR C    $0.59375  October 29, 2015         2015         2015
----------------------------------------------------------------------------
Series D                          July 30, 2015 to  October 29,  October 30,
 Preferred  SSW PR D   $0.496875  October 29, 2015         2015         2015
----------------------------------------------------------------------------
Series E                          July 30, 2015 to  October 29,  October 30,
 Preferred  SSW PR E   $0.515625  October 29, 2015         2015         2015
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About Seaspan

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 services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 18 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 85 vessels has an average age of approximately seven years and an average remaining lease period of approximately five years.

Seaspan has the following securities listed on The New York Stock Exchange:

Symbol:         Description:

SSW             Class A common shares
SSW PR C        Series C preferred shares
SSW PR D        Series D preferred shares
SSW PR E        Series E preferred shares
SSWN            6.375% senior unsecured notes due 2019

Contacts:
For Investor Relations Inquiries:
Seaspan Corporation
Mr. Sai W. Chu
Chief Financial Officer
604-638-2575

For Media Inquiries:
The IGB Group
Mr. Leon Berman
212-477-8438

Source: Seaspan Corporation

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