Press Releases: Seaspan Corporation to Acquire Seaspan Management Services Limited in Stock-Based Transaction

Acquisition Increases Seaspan’s Long-Term Control of Technical, Administrative and Strategic Expertise

HONG KONG, CHINA — (MARKET WIRE) — 12/13/11 — Seaspan Corporation (NYSE: SSW) today announced that it has entered into a binding memorandum of understanding to acquire Seaspan Management Services Limited (the “Manager”) in a stock-based transaction valued at $54 million, excluding potential balance sheet adjustments and future fleet growth-based payments. Additionally, as part of this transaction, Seaspan will acquire and retire 100% of its outstanding Class C Common Stock held by the owners of the Manager. The transaction, which was approved by Seaspan Corporation’s Conflicts Committee comprised of independent directors, is expected to close near the end of January 2012 and remains subject to negotiation of final documentation and customary closing conditions. Continue reading

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Featured Position: Chief Officer

The Chief Officer is the Senior Deck Officer and carries out the duties assigned to him by the Master and, in particular, ensures the safe loading, carriage and discharge of cargo. He is a member of the Shipboard Management Team.

With our commitment to peoplesafetyinnovation, and environment it is evident that Seaspan is the right choice!

Join us today!

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Career Profile: Vessel Superintendent

Interview with Shoibal Chowdhury

Seaspan Ship Management’s Vessel Superintendent shares his career progression from ship to shore and his perspective on Seaspan’s commitment to employee job satisfaction.

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Career Profile: Office Services Supervisor

Interview with Rebecca Clarke

Seaspan Ship Management’s Office Services Supervisor shares insights into Seaspan’s corporate culture and approach to staff career development.

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Career Profile: Technical Services Superintendent

Interview with Freddy Pavri

Seaspan Ship Management’s Technical Services Superintendent shares his deep connection with the sea and what he finds satisfying about working at Seaspan—both on ship and at shore.

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Career Profile: Assistant Corporate Controller

Interview with Krista Yeung

Seaspan Ship Management’s Assistant Corporate Controller shares her perspective on the wealth of career opportunities at Seaspan and what it takes to work at Seaspan’s corporate headquarters.

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Featured Position: Master

The Master is the representative of the company, and therefore supersedes all other ranks onboard. In this role, he must ensure the safety of both personnel and the vessel, including her cargo and equipment. He is also responsible for protecting the environment, ensuring the overall efficiency of the vessel as an operational and economic unit, meeting the commercial objective of each voyage, and requiring compliance with the Safety Management System by all onboard.

With our commitment to peoplesafetyinnovation, and environment it is evident that Seaspan is the right choice!

Join us today!

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Featured Position: 2nd Engineer

The Second Engineer is second in command of the Engine Department and thus assists the Chief Engineer in the efficient operation of the Department. He also carries out the duties assigned to him by the Chief Engineer. The Second Engineer is a member of the Shipboard Management Team.

With our commitment to peoplesafetyinnovation, and environment it is evident that Seaspan is the right choice!

Join us today!

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Featured Position: Chief Engineer

The Chief Engineer is in charge of the Engine Department and its staff, and is responsible to the Master and company for the safe and efficient operation and maintenance of all ship plant and machinery. The Chief Engineer acts as the ship’s Safety Officer and is a member of the Shipboard Management Team.

With our commitment to people, safety, innovation, and environment it is evident that Seaspan is the right choice!

Join us today!

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Seaspan News: Seaspan Ship Management Ltd’s 10th Anniversary

Seaspan Ship Management Ltd. celebrates its 10th Anniversary of operations and is proud to serve the industry with world-class containerships.

Seaspan Ship Management’s 10th Anniversary

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