Maersk Moncton Delivered on December 22, 2006

HONG KONG, CHINA - Dec. 22, 2006 /CNW/ - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today the delivery of its 23rd vessel, the Maersk Moncton, a 4800 TEU containership built in 1989. The vessel was purchased from A.P. Moller Maersk A/S ("APMM") and will be time chartered back to APMM for five years from delivery. APMM has options to extend the charter by up to four years from the end of the firm charter period. 

The Maersk Moncton, formerly named the Mathilde Maersk, is the final ship in the series of four sister vessels purchased from and chartered back to APMM. 

"We are very pleased to complete the acquisition of these four vessels from A.P. Moller Maersk," said Gerry Wang, Chief Executive Officer of Seaspan. "The delivery program went very smoothly and we look forward to further developing our relationship with the world's largest liner company." 

About Seaspan

Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. Seaspan's fleet of 41 containerships consists of 23 existing containerships and 18 to be delivered over approximately the next three years. 
Seaspan's common shares are listed on the New York Stock Exchange under the symbol "SSW".

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This release contains certain forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and our operations, performance and financial condition, including, in particular, the likelihood of our success in developing and expanding our business. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", "forecasts", "will", "may", "potential", "should", and similar expressions are forward-looking statements. These forward-looking statements reflect management's current views only as of the date of this presentation and are not intended to give any assurance as to future results. As a result, you are cautioned not to rely on any forward-looking statements. Forward-looking statements appear in a number of places in this release. 
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