image credit: Vecteezy

Seanergy seals $31m financing for capesize pair and new charter for upcoming vessel

July 14, 2021


Greek capesize owner Seanergy Maritime has secured a fixed-rate time charter deal with an existing US commodity trading charterer and concluded the financing of two of its new acquisitions through a sale and leaseback agreement with a Chinese financial institution.

The Nasdaq-listed firm has fixed its soon-to-be-delivered capesize vessel Worldship at a daily rate of $31,750 for about 12 to 16 months. The charter should commence in August this year.

Moreover, Seanergy sold and chartered back its 2012-built Hellasship and the 2010-built Patriotship on a bareboat basis for five years and the combined financing amount of close to $31m. The company can repurchase the vessels after two years, or take them back for $15.3m at the end of the 5-year bareboat period.

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