SEASPAN BEACON

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Seaspan Acquires 7th SAVER Boxship from Jiangsu Yangzi Xinfu

Seaspan Corporation announced on April 1, 2015 that it accepted delivery of a 10000 TEU containership, the MOL Beacon. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's seventh 10000 TEU SAVER design containership and first delivery in 2015. This is the twelfth 10000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang. The MOL Beacon will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. ("MOL"). The ship is the fourth of a total of five 10000 TEU SAVER design vessels, and the tenth of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Beacon expands the Company's operating fleet to 78 vessels.