Seaspan Files 2011 Annual Report on Form 20-F

Mon Mar 26, 2012 6:30am EDT

* Reuters is not responsible for the content in this press release.

Seaspan Corporation (NYSE:SSW) announced today that its Form 20-F for the
year ended December 31, 2011 has been filed with the Securities and
Exchange Commission and is accessible free of charge on its Internet web
site ( Alternatively, shareholders may request to
receive a hard copy of Seaspan's complete audited financial statements,
free of charge, by emailing or writing to: Seaspan
Corporation, Unit 2, 7th Floor, Bupa Centre, 141 Connaught Road West,
Hong Kong, China, Attention: Chief Financial Officer.

    About Seaspan

    Seaspan is a leading independent charter owner and manager of
containerships, which it charters primarily pursuant to long-term
fixed-rate time charters to major container liner companies. Seaspan's
contracted fleet of 72 containerships consists of 67 containerships in
operation and five containerships scheduled for delivery through 2014.
Seaspan's operating fleet of 67 vessels has an average age of
approximately five years and an average remaining charter period of
approximately seven years. All of the five vessels to be delivered to
Seaspan are already committed to fixed-rate time charters between 10 and
12 years in duration from delivery. Seaspan's customer base consists of
nine of the world's largest liner companies, including China Shipping
Container Lines (Asia) Co., Ltd., Compania Sud Americana de Vapores S.A.,
COSCO Container Lines Co., Ltd., Hanjin Shipping Co., Ltd., Hapag-Lloyd
USA, LLC, Kawasaki Kisen Kaisha Ltd., Mediterranean Shipping Company
S.A., Mitsui O.S.K. Lines, Ltd., and United Arab Shipping Company

    Seaspan's common shares are listed on The New York Stock Exchange under
the symbol "SSW".

    Seaspan's Series C Preferred Shares are listed on The New York Stock
Exchange under the symbol "SSW PR C".

Seaspan Corporation
Mr. Sai W. Chu
Chief Financial Officer

The IGB Group
Mr. Leon Berman

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