Seanergy Maritime to shift to all-Capesize fleet

Photo: Cullom
Photo: Cullom – Seanergy Maritime dry bulk carrier Gladiatorship

Seanergy Maritime Holdings of Greece has entered into definitive agreements with unaffiliated third parties for the purchase of a modern secondhand Capesize vessel and the sale of of its only two Supramax drybulk vessels.

Following these transactions, which are expected to be completed in the fourth quarter of 2018, Seanergy will be the only pure-play Capesize vessel owner listed in the US public markets.

The modern secondhand Capesize vessel to be acquired was built in 2010 by Daewoo Shipbuilding and has a cargo-carrying capacity of 180,000DWT. The gross purchase price is set at US$28.7 million.

The delivery of the new vessel is scheduled to take place in the fourth quarter of 2018. The vessel is currently on time charter to a major European drybulk operator at a gross daily rate of US$17,150 with latest re-delivery date in January 2019.

The Supramax vessels to be sold are the 2010-built Gladiatorship and the 2011-built Guardianship. The aggregate gross sale price is approximately US$23 million and the vessels are scheduled to be delivered to their new owners in October 2018.

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