Seaspan Corporation is a charter owner of containerships, which the Company charters pursuant to long-term, fixed-rate time charters agreement. The Company operates business through its operating subsidiary, Seaspan Management Services Limited. Seaspan Management Services Limited has four operating units under it namely: Seaspan Ship Management Ltd., Seaspan Crew Management Ltd, Seaspan Crew Management India Ltd and Seaspan Advisory Services Limited. The Company also holds 11% interest in a joint venture with Greater China Intermodal Investments LLC. As of February 28, 2014, the Company operated a fleet of 71 containerships including eight vessels under long-term leases and has entered into contracts for the purchase of an additional 16 new building containerships. All 16 of these new building containerships will commence operation under long-term, fixed-rate charters upon delivery.