Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, China, Oct. 11, 2016 /PRNewswire/ - 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:

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 114 containerships representing a total capacity of over 915,000 TEU, including 12 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017.  Seaspan's current operating fleet of 88 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:

For Investor Relations Inquiries:

Mr. David SpivakChief Financial OfficerSeaspan CorporationTel. 604-638-2580

Mr. Michael SieffertAssociate Director, Corporate FinanceSeaspan CorporationTel. 778-328-6490

For Media Inquiries:

Mr. Leon BermanThe IGB GroupTel. 212-477-8438

SOURCE Seaspan Corporation