Seaspan accepts delivery of forty-third containership

Seaspan Corporation announced that it accepted delivery of a 5100 TEU containership named the MOL Empire from Hyundai Heavy Industries Co., Ltd. on January 8, 2010. This is Seaspan's first delivery in 2010 and expands the Company's fleet to 43 vessels. The MOL Empire is on charter to Mitsui O.S.K. Lines, Ltd.

("MOL") of Japan under a twelve-year, fixed-rate time charter.

Gerry Wang, Chief Executive Officer of Seaspan, said, "We are pleased to commence the year with the delivery of our forty-third vessel, as Seaspan continues to grow its modern fleet and contracted revenue stream. With the delivery of the MOL Empire, we now have four vessels on twelve-year charters to MOL, one of the largest Japanese shipping companies. We look forward to the delivery of the remaining 25 newbuilding vessels

over next two and half years. All those newbuilding vessels are already committed to long-term charters with COSCO Container Lines of China and K-Line of Japan."

(Source: Transport Weekly)