This article is part of our Rising Star Portfolios series.

The story remains largely the same since my first buy of Seaspan (NYSE: SSW) last month. You can read the original version here, but here's the short version. The company is poised to rapidly expand its cash available for distribution as it finishes building out its fleet. Such a move promises a rapid escalation in the dividend. And that's why it originally joined my Special Situations portfolio at the end of March.

The company has already shown an inkling of what kind of dividend raises we can expect, boosting the quarterly payout by 50% in its most recent report. Moreover, Seaspan has promised a "progressive dividend policy," foreshadowing above-normal dividend growth. Such growth should lead to sizable capital gains.

The company's fleet should be completed by March 2012, and the company already has long-term contracts inked for the 11 outstanding ships. The current fleet of ships is relatively young and has an average remaining charter of seven years, providing a good amount of revenue visibility to help balance out the huge debt load carried by Seaspan.

While Motley Fool Hidden Gems took a stake in the company last year and has seen the stock run more than 80% since then, I think there's plenty more upside to come. There's no reason to anchor on price for this shipper. Seaspan is announcing earnings next week, so I'm anxious to see what the company has in store.

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