Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA -- (Marketwired) -- 04/14/14 -- 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:

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   Security      Ticker    Dividend per    Period    Record Date   Payment
                               Share                                 Date
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   Class A         SSW        $0.345    Jan. 1, 2014   Apr. 21,    Apr. 30,
    Common                              to March 31,     2014        2014
                                            2014
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   Series C     SSW PR C     $0.59375     Jan. 30,     Apr. 29,    Apr. 30,
   Preferred                            2014 to Apr.     2014        2014
                                          29, 2014
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   Series D     SSW PR D     $0.496875    Jan. 30,     Apr. 29,    Apr. 30,
   Preferred                            2014 to Apr.     2014        2014
                                          29, 2014
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   Series E     SSW PR E     $0.441146    Feb. 13,     Apr. 29,    Apr. 30,
   Preferred                            2014 to Apr.     2014        2014
                                          29, 2014
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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 35 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2016. Seaspan's current operating fleet of 72 vessels has an average age of approximately seven years and an average remaining lease period of approximately five years.

Seaspan's Class A common shares, Series C preferred shares, Series D preferred shares, Series E preferred shares and senior unsecured notes due 2019 are listed on The New York Stock Exchange under the symbols "SSW", "SSW PR C", "SSW PR D", "SSW PR E" and "SSWN", respectively.

Contacts:
Seaspan Corporation - Investor Relations Inquiries
Mr. Sai W. Chu
Chief Financial Officer
Tel. [phone]

The IGB Group - Media Inquiries
Mr. Leon Berman
Tel. [phone]