HONG KONG, April 20, 2018 /CNW/ - Seaspan Corporation
(NYSE:SSW), the world's largest independent containership owner
operator, today announced that Mark
Chu has notified the company that he plans to step down from
his roles as General Counsel and Chief Operating Officer to pursue
other opportunities. Mr. Chu will remain in his current roles
through August 31st, 2018
to help facilitate a seamless transition.
Bing Chen, President and Chief Executive Officer of Seaspan
said, "I would like to thank Mark for his many contributions to
Seaspan over the years. I am pleased that he will remain in place
for the next four months to ensure a smooth transition, and on
behalf of the full management team, I wish him all the best in his
future endeavors."
David Sokol, Chairman of
Seaspan's Board of Directors, said, "Mark has been a true
professional in all aspects of his roles at Seaspan. I cannot thank
him enough for his efforts since I joined the Board and through the
transition over the past nine months. I wish Mark continued success
moving forward."
Mark Chu stated, "It has been a
pleasure working at Seaspan with a team of dedicated and talented
professionals, and I remain confident in the company's outlook
under the leadership of David Sokol
and Bing Chen. I look forward to spending the coming months helping
the team in any way possible to ensure an effective
transition."
About Seaspan
Seaspan provides many of the world's major container
shipping liners with alternatives to vessel ownership by offering
long-term leases on large, modern containerships combined with
industry-leading ship management services. Seaspan's operating
fleet, including 4 newbuilding containerships on order scheduled
for delivery to Seaspan by mid-2018, consists of 112
containerships representing a total capacity of over 900,000 TEU.
Excluding newbuilds, Seaspan's operating fleet of 108 vessels has
an average age of approximately 5 years and an average remaining
lease period of approximately 5 years, on a TEU weighted basis.
Seaspan has the following securities listed on The New York
Stock Exchange:
Symbol:
|
Description:
|
|
|
SSW
|
Class A common
shares
|
SSW PR D
|
Series D preferred
shares
|
SSW PR E
|
Series E preferred
shares
|
SSW PR G
|
Series G preferred
shares
|
SSW PR
H
|
Series H preferred
shares
|
SSWN
|
6.375% senior
unsecured notes due 2019
|
SSWA
|
7.125% senior
unsecured notes due 2027
|
For Investor Relations Inquiries:
Mr.
Michael Sieffert
Director, Corporate Finance
Seaspan Corporation
Tel. 778-328-6490
For Media Inquiries:
Mr. Leon Berman
The IGB Group
Tel. 212-477-8438
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SOURCE Seaspan Corporation