Seanergy: $ 134 million investment and new capesize ship

Seanergy Maritime Holdings with a fleet of 16 ships has invested $ 134.3 million in ship purchases since the beginning of the year.

Seanergy recently acquired another Capesize ship, “Worldship”, and remains the only US-listed shipping company to operate a fleet of Capesize-type vessels. “Worldship” was built in 2012 in a Japanese shipyard and has a capacity of about 181,000 dwt.

With its delivery, which is expected in the third quarter of 2021, the company’s fleet will reach 16 Capesize ships and the total carrying capacity will exceed 2,800,000 dwt with the average age of the fleet being about 11.8 years.

“Worldship” is the fifth consecutive purchase of Japanese Capesize Ships since the beginning of 2021 with a total investment of $ 134.3 million.

In addition, the Company agreed on a time charter for the M / V Patriotship lasting 12 to 18 months with an international charterer and a daily fare of $ 31,000.

The ship will be delivered to the charterer at the same time as its receipt by the Company, which is expected in early June 2021.

Mr. Stamatis Tsantanis, President and CEO of the Company, stated in this regard that “the new market of the Japanese Capesize ship Worldship further strengthens our position as the only Company listed on the US capital markets with a purely Capesize fleet. “Our total investment since the beginning of 2021 amounts to $ 134.3 million with purchases of quality Capesize ships, while the freight market is in one of the best periods of the last 10 years.”

Seanergy Maritime Holdings Corp. is a shipping company headquartered in Glyfada, Attica and also in the Marshall Islands. The Company’s shares are traded on the Nasdaq Capital Market under the code “SHIP”.