Seanergy – Loan related to emissions

Seanergy Maritime Holdings received the first loan to be repaid in connection with the emission of greenhouse gases.

In particular, the company announced that it has received a binding letter from a leading European bank, for the provision of a loan facility of 16.85 million dollars, which is related to the viability of the company. The credit will be used to cover part of the cost of a used capesize bulker, which it bought at the end of May this year.

More specifically, Seanergy bought the “Worldship” with a capacity of 181,000 dwt & built in 2012, from a Japanese shipyard for 33.7 million dollars. As for the loan, it will be repaid over a period of five years with a final payment of $ 6.1 million. Also, the interest rate each year will be 3.05% plus the Libor (London interbank rate), which can be reduced if Seanergy reduces carbon emissions by a certain amount.

Mr. Stamatis Tsantanis, President & CEO of the Company, stated, among other things, that he is pleased to announce another innovative financing for Seanergy which is consistent with the conservative leverage approach, as well as its commitment to sustainability goals.

“The proceeds of this new loan will further strengthen our strong liquidity position,” he added. from the carbon emissions “, said Mr. Tsantanis.

“Seanergy has long given priority to the Sustainability Agenda (ESG) and has implemented specific actions and collaborations in this area, aiming at a ‘greener’ shipping,” Mr. Tsantanis underlined.