Deep Water Holdings continues to invest in Seaspan, has 9.39% stake

By Lisa Kerner

Charlotte, N.C., May 27 - Deep Water Holdings, LLC upped its stake in Seaspan Corp. to 9.39% with the purchase of 1,159,199 shares of the company's stock.

The shares were acquired between May 18 and May 26 priced from $6.18 to $7.00, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

Between May 11 and May 14, Deep Water bought 2,016,675 shares of Seaspan for a total ownership interest of 7.66%.

The investor beneficially owns 6,304,895 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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