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Seaspan Corp. Announces Delivery of New Vessel

Maritime Activity Reports, Inc.

July 12, 2006

Seaspan Corporation announced the delivery of its 17th contracted vessel, the Lahore Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd., was delivered approximately nine weeks ahead of its contractual delivery date. The Lahore Express is the fifth of nine Seaspan vessels to be chartered to CP USA, a subsidiary of CP Ships Ltd.