Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA -- (Marketwired) -- 04/12/16 -- 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:

----------------------------------------------------------------------------
  Security     Ticker    Dividend per    Period     Record Date Payment Date
                            Share
----------------------------------------------------------------------------
   Class A       SSW        $0.375     January 1,    April 20,  May 2, 2016
   Common                               2016 to        2016
                                     March 31, 2016
----------------------------------------------------------------------------
  Series C    SSW PR C     $0.59375    January 30,   April 29,  May 2, 2016
  Preferred                             2016 to        2016
                                     April 29, 2016
----------------------------------------------------------------------------
  Series D    SSW PR D    $0.496875    January 30,   April 29,  May 2, 2016
  Preferred                             2016 to        2016
                                     April 29, 2016
----------------------------------------------------------------------------
  Series E    SSW PR E    $0.515625    January 30,   April 29,  May 2, 2016
  Preferred                             2016 to        2016
                                     April 29, 2016
----------------------------------------------------------------------------

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 17 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 86 vessels has an average age of approximately six years and average remaining lease period of approximately five years, on a TEU weighted basis.

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:
Seaspan Corporation - Investor Relations Inquiries:
Mr. Michael Sieffert
Associate Director, Corporate Finance
Tel. 778-328-6490

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

Source: Seaspan Corporation

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