Seaspan says that its chief operating officer and general counsel will be stepping down.

Mark Chu notified the company that he plans to pursue other opportunities. He will remain on the job until 31 August.

Seaspan chief executive Bing Chen said, "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."