Seanergy Sells Off Two Supramaxes, Becomes Pure-play Capesize Vessel Owner

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Seeking Alpha reports that Seanergy Maritime has agreed to purchase a 180K dwt secondhand capesize vessel for $28.7M.

The company will also sell 2 of its supramax dry bulk vessels for a combined price of $23M.

How will it help the company?

Seanergy says the transactions will result in the company becoming the first pure-play capesize owner listed in the U.S. public markets and increase its capesize cargo carrying capacity close to 1.75M dwt.

Changes in the Company

Separately, the company names Stavros Gyftakis as its new CFO, relieving the Chairman and the CEO Stamatis Tsantanis, who had been serving as interim CFO. Gyftakis has been Finance Director since October 2017.

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Source: Seanergy Maritime Holdings Corp.