Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA--(Marketwired - July 15, 2014) - Seaspan Corporation 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            Period    Record   Payment
                             per Share                        Date      Date
----------------------------------------------------------------------------
Class A Common     SSW       $   0.345  April 1, 2014 to  July 21,  July 30,
                                           June 30, 2014      2014      2014
----------------------------------------------------------------------------
Series C Preferred SSW PR C  $ 0.59375 April 30, 2014 to  July 29,  July 30,
                                           July 29, 2014      2014      2014
                                                                            
----------------------------------------------------------------------------
Series D Preferred SSW PR D  $0.496875 April 30, 2014 to  July 29,  July 30,
                                           July 29, 2014      2014      2014
----------------------------------------------------------------------------
Series E Preferred SSW PR E  $0.515625 April 30, 2014 to  July 29,  July 30,
                                           July 29, 2014      2014      2014
----------------------------------------------------------------------------

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 109 containerships representing a total capacity of over 840,000 TEU, including 31 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2016. Seaspan's current operating fleet of 74 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       2019 senior unsecured notes   

FOR FURTHER INFORMATION PLEASE CONTACT:
Seaspan Corporation - Investor Relations Inquiries
Mr. Sai W. Chu
Chief Financial Officer
604-638-2575


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