Seaspan Accepts Delivery Of Fifth 10000 TEU SAVER Containership

Seaspan Corporation

announced today that it accepted delivery of a 10000 TEU containership, the MOL Brightness. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. using Seaspan's fuel-efficient SAVER design, is Seaspan's fifth 10000 TEU SAVER design containership scheduled for delivery in 2014. The MOL Brightness will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. ("MOL"). The ship is the second of a total of five 10000 TEU SAVER design vessels, and the eighth of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Brightness expands the Company's operating fleet to 76 vessels.