Deep Water Holdings continues to invest in Seaspan, has 11.81% stake

By Lisa Kerner

Charlotte, N.C., Aug. 31 - Deep Water Holdings, LLC upped its stake in Seaspan Corp. to 11.81% from 10.37% with the purchase of 972,479 shares of the company's stock.

The shares were acquired between Aug. 18 and Aug. 28 priced from $6.29 to $6.70 each, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Between Aug. 11 and Aug. 17 Deep Water bought 219,059 shares priced from $6.20 to $6.40 each, a prior SEC filing said.

The investor beneficially owns 7,952,133 shares of the company's outstanding stock.

Seaspan is a Hong Kong company incorporated in the Marshall Islands that owns and charters containerships.

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