FOR
IMMEDIATE RELEASE
2006
MERRILL LYNCH GLOBAL TRANSPORATION CONFERENCE
Hong
Kong, China, June 9, 2006 - Seaspan Corporation (“Seaspan”) (NYSE: SSW)
announced today that Kevin M. Kennedy, Chief Financial Officer,
will present at
the 2006 Merrill Lynch Global Transportation Conference on June
14, 2006 at 3:15
pm (ET). The conference will be held at the St. Regis Hotel in
New York City.
A
live
audio webcast of the Container Shipping Panel can be found at the
following
link: http://www.veracast.com/webcasts/ml/transportation06/58215214.cfm.
The
link
to the webcast will be live just prior to the start of the panel
presentation
and will be available for on-demand replay within 24 hours. An
archive of the
webcast will also be available through www.seaspancorp.com for
a period of 14
days.
About
Seaspan
Seaspan
owns containerships and charters them pursuant to long-term fixed-rate
charters.
Seaspan currently owns a fleet of 16 containerships consisting
of 14 4250 TEU
vessels and two 8500 TEU vessels. Over approximately the next 32
months, Seaspan
will add 13 additional vessels to its fleet, including four 2500
TEU vessels,
two 3500 TEU vessels, five 4250 TEU vessels, and two 9600 TEU
vessels.
Seaspan’s
common shares are listed on the New York Stock Exchange under the
symbol
“SSW.”
CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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. Although
these
statements are based upon assumptions we believe to be reasonable
based upon
available information, including operating margins, earnings, cash
flow, working
capital and capital expenditures, they are subject to risks and
uncertainties.
These risks and uncertainties include, but are not limited to:
future operating
or financial results; our expectations relating to dividend payments
and
forecasts of our ability to make such payments; pending acquisitions,
business
strategy and expected capital spending; operating expenses, availability
of
crew, number of off-hire days, drydocking requirements and insurance
costs;
general market conditions and shipping market trends, including
charter rates
and factors affecting supply and demand; our financial condition
and liquidity,
including our ability to obtain additional financing in the future
to fund
capital expenditures, acquisitions and other general corporate
activities;
estimated future capital expenditures needed to preserve our capital
base; our
expectations about the availability of ships to purchase, the time
that it may
take to construct new ships, or the useful lives of our ships;
our continued
ability to enter into long-term, fixed-rate time charters with
our customers;
our ability to leverage to our advantage our Manager’s relationships and
reputation in the containership industry; changes in governmental
rules and
regulations or actions taken by regulatory authorities; changes
in worldwide
container demand; changes in trading patterns; competitive factors
in the
markets in which we operate; potential inability to implement our
growth
strategy; potential for early termination of long-term contracts
and our
potential inability to renew or replace long-term contracts; ability
of our
customers to make charter payments; potential liability from future
litigation;
conditions in the public equity markets; and other factors detailed
from time to
time in our periodic reports, including our Prospectus filed with
the SEC on
August 8, 2005. We expressly disclaim any obligation to update
or revise any of
these forward-looking statements, whether because of future events,
new
information, a change in our views or expectations, or otherwise.
We make no
prediction or statement about the performance of our common and
subordinated
shares.
For
Investor Relations and Media Inquiries:
Mr.
Kevin
M. Kennedy
Chief
Financial Officer
Seaspan
Corporation
Tel.
604-638-2575
-end-