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Published on 2/11/2009 in the Prospect News Special Situations Daily.

Seaspan investor Deep Water Holdings buys 2.02 million shares

By Lisa Kerner

Charlotte, N.C., Feb. 11 - Deep Water Holdings, LLC bought 2,016,675 shares of Seaspan Corp. between Dec. 1 and Jan. 7 at prices from $5.97 to $9.83 each, according to a schedule 13D filed with the Securities and Exchange Commission.

The investor beneficially owns 4,268,026 shares, or 6.42%, 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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