Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, Jan. 9, 2018 /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:

        Security   Ticker  Dividend per Share          Period           Record Date     Payment Date
        --------   ------  ------------------          ------           -----------     ------------

        Class A
         Common      SSW                   $0.125 October 1, 2017 to  January 22, 2018 January 30, 2018
                                                  December 31, 2017
    ---                                           -----------------

        Series D
        Preferred SSW PR D              $0.496875 October 30, 2017 to January 29, 2018 January 30, 2018
                                                  January 29, 2018
    ---                                           ----------------

        Series E
        Preferred SSW PR E              $0.515625 October 30, 2017 to January 29, 2018 January 30, 2018
                                                  January 29, 2018
    ---                                           ----------------

        Series G
        Preferred SSW PR G                $0.5125 October 30, 2017 to January 29, 2018 January 30, 2018
                                                  January 29, 2018
    ---                                           ----------------

        Series H
        Preferred SSW PR H              $0.492188 October 30, 2017 to January 29, 2018 January 30, 2018
                                                  January 29, 2018
    ---                                           ----------------

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 110 containerships representing a total capacity of approximately 900,000 TEU, including 4 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2018. Seaspan's current operating fleet of 90 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 D Series D preferred shares

    SSW PR E Series E preferred shares

    SSW PR G Series G preferred shares

    SSW PR H Series H preferred shares

    SSWN      6.375% senior unsecured notes
              due 2019

    SSWA      7.125% senior unsecured notes
              due 2027

For Investor Relations Inquiries:

Mr. David Spivak
Chief Financial Officer
Seaspan Corporation
Tel. 604-638-2580

Mr. Michael Sieffert
Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490

For Media Inquiries:

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

SOURCE Seaspan Corporation