Seaspan Takes Delivery of 50th Containership

Seaspan Corporation (NYSE:SSW) announced that it accepted delivery of the Calicanto Bridge from Jiangsu Yangzijiang Shipbuilding Co., Ltd. (YZJ) on May 28, 2010. The 2500 TEU containership is Seaspan's eighth delivery in 2010, expanding the company's operating fleet to 50 vessels.

Kawasaki Kisen Kaisha Ltd. (K-Line) of Japan accepted delivery of the Calicanto Bridge on May 30, 2010. The vessel is on charter to K-Line under a ten-year, fixed-rate time charter. It is the last of two 2500 TEU sister ships and the second of a total of seven vessels to be chartered by Seaspan to K-Line. Furthermore, this ship is the last of ten 2500 TEU vessels delivered from YZJ to Seaspan.