Seaspan accepts delivery of forty-second containership

Seaspan Corporation announced that it accepted delivery of a 5100 TEU containership named the MOL Emissary from Hyundai Heavy Industries Co., Ltd. on November 20, 2009. This is Seaspan's seventh delivery in 2009 and expands the Company's fleet to 42 vessels. The MOL Emissary 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, "The MOL Emissary is the third of four Seaspan vessels to be on a twelve-year charter to MOL, one of the leading Asian liner companies. We are very pleased with the continued growth of our modern fleet and our contracted revenue stream in these challenging economic times. We look forward to the delivery of our fourth 5100 TEU vessel to MOL in the coming months and the remaining 25 vessels thereafter."

(Source: Transport Weekly)