Seanergy Maritime

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) notices market optimism for years after record profit. Stamatis Tsantanis-led shipowner and operator Seanergy Maritime (SHIP) reported surging profit numbers on Thursday and communicated the positiveness of the shipping market for years to come. New York-listed pure-play capesize owner Seanergy Maritime (SHIP) rejigs charter hire deals to reflect installing energy-saving devices. Seanergy Maritime (SHIP) is in bullish mode. In Q2 2022, Athens-based Seanergy Maritime (SHIP) reported a net income of $5.9 million. In Q2 2021, Athens-based Seanergy Maritime (SHIP) reported a net income of $2 million. Athens-based Seanergy Maritime (SHIP) reported record profitability increased at an even steeper rate for the entire first half of 2022. Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) believes that the company’s shares are currently extremely undervalued. Seanergy Maritime (SHIP) believes that a robust recovery of capesize rates in Q3 2022. Currently, Seanergy Maritime (SHIP) owns and operates 17 capesize bulk carriers. 12-August-2022

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) chartered out 2010 built capesize bulk carrier 170K DWT MV Squireship to ship a panamax-sized shipment of coal from the Black Sea to the Continent. Seanergy Maritime (SHIP) has not revealed the charter rate or account name. According to Seanergy Maritime (SHIP), charterers prefer capesize bulk carriers because capesize rates are so low. Currently, the capesize bulk carriers 5TC is $6,780 per day which is less than half what panamax bulk carriers are earning. Charterers fixing capesize bulk carriers for panamax size cargoes. Currently, due to seasonality and Chinese New Year, capesize bulk carriers market has bottomed, as rates are effectively zero. 27-January-2022

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) is anticipating to report higher Q4 2021 earnings than previously believed. Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) expressed TCE (Time Charter Equivalent) rates are anticipated to outperform $36K per day for Q4 2021. Stamatis Tsantanis-led shipowner and operator Seanergy Maritime (SHIP) is anticipated TCE (Time Charter Equivalent) rate for Q1 2022 around $19K. Seanergy Maritime (SHIP) expects earnings would be $130 million for 2021. Seanergy Maritime’s (SHIP) pro-active hedging strategy in Q3 2022 means charter rates will still outperform the current spot market rate by about 50% in Q3 2022. Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) believes that the company’s shares are currently extremely undervalued. Seanergy Maritime (SHIP) believes that a robust recovery of capesize rates in Q2 2022. 24-January-2022

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) has refinanced 2010 built capesize bulk carrier 170K DWT MV Geniuship. Seanergy Maritime (SHIP) received a $15 million loan to substitute a loan from EnTrust Global. Seanergy Maritime (SHIP) has refinanced for a fixed interest rate of Libor plus 3.5% with a five-year term. Seanergy Maritime (SHIP) anticipates keeping interest savings around $900,000 for 2022 and $500,000 per year from 2023. Currently, Seanergy Maritime (SHIP) has a total debt of $243 million and cash of $45 million. Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) stays dedicated to its plan of slashing finance costs with more new loan agreements, share buybacks, and debt repayments. 16-December-2021

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) has paid $16.6 million on share and note buybacks to prevent the company’s stock from being diluted. Greek capesize shipowner and operator Seanergy Maritime (SHIP) stated two outstanding convertible note series with a 5.5% coupon and a conversion price of $1.20 per share were redeemed. This will stop the transformation of the notes into 11.63 million new shares by stopping $13.95 million of debt owned by Jelco Delta Holding. Furthermore, a series of warrants to buy the stock at $0.70 were bought back and 1.59 million of Seanergy Maritime’s (SHIP) shares were reacquired. These arrangements are desired at increasing shareholder value and preventing dilution. These transactions are also essential measures to facilitate Seanergy’s financial structure and additionally lower the cost of capital going forward. Seanergy Maritime (SHIP) approved an additional $10 million to be paid on stock, convertible notes, or warrants. Furthermore, CEO Stamatis Tsantanis has purchased another 300K shares throughout 2021. CEO Stamatis Tsantanis expressed his 300K share purchases demonstrate his strong confidence in Seanergy Maritime (SHIP). 8-December-2021

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) acquired 2010 built capesize bulk carrier 181K DWT MV Dukeship (ex MV Rosco Maple) for around $34 million from Redwood Ocean Shipping (ROSCO). 181K DWT MV Dukeship (ex MV Rosco Maple) is fitted with BWTS (Ballast Water Treatment System). Seanergy Maritime (SHIP) will take the delivery of MV Dukeship (ex MV Rosco Maple) in November 2021. Recently, MV Dukeship (ex MV Rosco Maple) passed through SS (Special Survey). Stamatis Tsantanis-led Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) has acquired seven (7) secondhand capesize bulk carriers so far in 2021. Seanergy Maritime (SHIP) is a leading pureplay capesize shipowner and operator. Currently, Seanergy Maritime (SHIP) owns and operates 17 capesize bulk carriers. 20-October-2021

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) sold two (2) capesize bulk carriers in leaseback deals. Furthermore, Seanergy Maritime (SHIP) chartered out one capesize bulk carrier on a long-term charter. Seanergy Maritime (SHIP) sold 2010 built capesize bulk carrier 181K DWT MV Patriotship and 2012 built capesize bulk carrier 181K DWT MV Hellasship in leaseback to a Chinese finance company. Seanergy Maritime (SHIP) sold MV Patriotship and MV Hellasship on leased back on five-year bareboat deals for $30.9 million each. Seanergy Maritime (SHIP) is financing at Libor plus a 3.5% interest rate. Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) may repurchase the two (2) capesize bulk carriers at certain times after two (2) years or the two (2) capesize bulk carriers back at the end of the bareboat charter for around $15 million. MV Patriotship and MV Hellasship leaseback deals could support Seanergy Maritime’s (SHIP) cash flow. Furthermore, Seanergy Maritime (SHIP) chartered out 2012 built capesize bulk carrier 181K DWT MV Worldship at $31,750 per day for a year to a first-class charterer. Currently, Seanergy Maritime (SHIP) owns and operates 16 capesize bulk carriers. 14-July-2021

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) acquired 2012 built capesize bulk carrier 181K DWT MV United Breeze for around $28 million. Currently, pure capesize player Seanergy Maritime (SHIP) owns and operates 15 capesize bulk carriers. Stamatis Tsantanis-led Seanergy Maritime (SHIP) reported a net loss of $18.4 million for 2020. Seanergy Maritime (SHIP) anticipates to profit from quickly increasing capesize freight rates. Based on capesize FFA (Forward Freight Contracts) rates, the incremental net revenue from Seanergy Maritime’s latest four (4) capesize purchases may provide $21 million for the remainder of 2021. In February 2021, Seanergy Maritime (SHIP) raised $75 million in a share sale. 29-March-2020

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) acquired 2006 built capesize bulk carrier 177K DWT MV Tradership for around $17 million. Seanergy Maritime (SHIP) is looking for more capesize bulk carriers to acquire. Nasdaq-listed shipowner and operator Seanergy Maritime’s (SHIP) total cargo capacity increased to 2.1 million DWT. Recently, 2006 built capesize bulk carrier 177K DWT MV Tradership underwent its special survey (SS). MV Tradership was installed BWTS (Ballast Water Treatment System). Seanergy Maritime (SHIP) does not anticipate any off-hire days or significant capital expenditure for MV Tradership. Baltic Exchange capesize 5TC increased to $12,314, a weighted average of spot rates on five (5) key routes, is currently about 60% higher than the same period average since 2016. Capesize FFA (Forward Freight Agreements) for Q3 2021 are trading at around $19,400 per day. Stamatis Tsantanis-led Seanergy Maritime (SHIP) is positive that the capesize bulk carrier market will proceed to increase. Currently, Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) has a fleet of twelve (12) capesize bulk carriers. 15-February-2021

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) chartered out three (3) capesize bulk carriers for around a year at Baltic Exchange index-linked charter rates. Currently, the Baltic Capesize Index’s (BCI) time-charter average (TCA) weighed across five routes is around $15,500. Seanergy Maritime chartered out 2010 built capesize bulk carrier 179K DWT MV Fellowship for around a year to Australian miner Anglo American. Seanergy Maritime chartered out 2010 built capesize bulk carrier 170K DWT MV Geniuship for around a year to Singapore based ship operator Pacbulk Shipping Pte Ltd. Furthermore, Seanergy Maritime extended the charter of 2004 built capesize bulk carrier 171K DWT MV Gloriuship till April 2022 to Singapore based ship operator Pacbulk Shipping Pte Ltd. Around 80% of Seanergy Maritime is employed under index-linked time-charters. Therefore, Seanergy Maritime is going to benefit from the rising trend in the capesize dry bulk market. Currently, Greek shipowner and operator Seanergy Maritime has a fleet of ten (10) large bulk carriers. 31-January-2021

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) anticipates to raise $25 million from capital markets. Nasdaq listed shipowner Seanergy Maritime is starting an underwritten offering of 35 million units consisting of a common share and a warrant to buy another. CEO Stamatis Tsantanis-led Seanergy Maritime is planning to use the cash for general corporate purposes. In May 2020, Seanergy Maritime had determined to back off the capital markets for a while. Currently, Seanergy Maritime has a fleet of 10 capesize bulk carriers. Afterward, Seanergy Maritime raised $30 million in cash by selling 228 million shares. In July 2020, Seanergy Maritime used some of the cash to buy a capesize bulk carrier for around $11 million. 16-August-2020

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) CEO Stamatis Tsantanis clarified that the shipping business is going through one of the toughest periods in shipping history. Seanergy Maritime has lowered the company’s debt through refinancing while striving to extend loan maturities. Seanergy Maritime has been operating in capesize segment and capesize daily spot rates averaged around $7K through Q1 and Q2 2020. Recently, Seanergy Maritime has acquired 2005 built capesize bulk carrier 178K DWT MV Cape Baltic for around $11.5 million. Seanergy Maritime’s fleet increased to eleven (11) capesize bulk carriers. Seanergy Maritime has been discussing with moneylenders on pushing back loan maturities. Seanergy Maritime’s share price reached over the $1 minimum price requirement of NASDAQ after the reverse stock split in July 2020. 20-July-2020

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) sold $30 million common shares since March 2020. But unfortunately, Seanergy Maritime’s common shares are still quite below Nasdaq’s minimum requirement. On 8 May 2020, Seanergy Maritime’s shares are closed at $0.16 per share which is quite below Nasdaq’s minimum requirement of $1. Currently, Athens based Seanergy Maritime has decided to stay away from the money markets for a while. Dry bulk market is rising from a period of historically low freight rates. Seanergy Maritime has $216 million total debt and $57 million shareholder equity. Greek Stamatis Tsantanis-led shipowner has a fleet of 10 capesize bulk carriers. 7-May-2020

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) raised another $5.2 million in equity. Stamatis Tsantanis-led shipowner and operator Seanergy Maritime raised around $25 million since the beginning of April 2020. Seanergy Maritime (SHIP) aims to enhance the company’s balance sheet. Currently, capesize player Seanergy Maritime (SHIP) has a fleet of ten (10) built capesize bulk carriers. Capesize bulk carrier rates emerge from historic lows while the Covid-19 pandemic made day-to-day business almost impossible. On 30-April-2020, The Baltic Exchange capesize weighted TCE (Time Charter Average ) across five routes reached at $7,263 per day. On 2-March-2020, The Baltic Exchange capesize weighted TCE (Time Charter Average ) across five routes was at $2,172 per day. However, on 3-December-2019, the Baltic Exchange capesize weighted TCE (Time Charter Average) across five routes was at $25,202 per day. Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP has been attempting to lift the company’s share price out of noncompliance with the Nasdaq Stock Market. On 25-September-2019, Seanergy Maritime’s (SHIP) shares reached Nasdaq’s $1 minimum bid price after getting a two-month extension. Stamatis Tsantanis-led capesize player Seanergy Maritime’s (SHIP) fleet is now generating adequate cash flows and Seanergy Maritime’s (SHIP) cash balance is quite sufficient. 30-April-2020

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) chartered out another capesize bulk carrier to Glencore subsidiary ST Shipping and Transportation for 3 years. Stamatis Tsantanis-led capesize player Seanergy Maritime (SHIP) chartered out 2010 built capesize bulk carrier 178K DWT MV Knightship at a rate based on the Baltic Exchange Capesize Index’s (BCI) TCE (Time Charter Average) weighted across five routes. Glencore subsidiary ST Shipping and Transportation will get the delivery of MV Knightship after Seanergy Maritime (SHIP) installs an exhaust gas scrubber in June 2020. Additionally, in November 2019, Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) chartered out capesize bulk carriers MV Premiership and MV Squireship to Glencore subsidiary ST Shipping and Transportation. MV Knightship is the third capesize bulk carrier chartered out to the same charterers. Seanergy Maritime (SHIP) developed a good relationship with Glencore subsidiary ST Shipping and Transportation. Previously, Seanergy Maritime (SHIP) signed five (5) prosperous commercial agreements with Glencore subsidiary ST Shipping and Transportation. Seanergy Maritime (SHIP) believes that the company’s fleet is well-positioned to achieve the full upside potential of the increasing trend in the capesize market. 28-April-2020

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) is given several more weeks to comply with reach Nasdaq’s compliance $1 share-price minimum by extending the grace period to 25 September 2020. Seanergy Maritime (SHIP) raised almost $20 million through three (3) equity offerings to institutional and retail investors in March 2020.
Greek shipowner and operator Seanergy Maritime (SHIP) studies methods to maintain the minimum bid price for at least 10 business days. Nasdaq grants extension for the compliance periods for all public companies due to the extraordinary market conditions and unprecedented turmoil in US financial markets. Greek shipowner and operator Seanergy Maritime (SHIP) sold approximately $6.8 million worth of shares, as allowed by a shelf registration recorded in August 2018. 20-April-2020

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) sold nearly $6.8 million worth of shares offered to institutional investors. Furthermore, Seanergy Maritime (SHIP) issued warrants to buy up to 50 million shares at $0.135 each. Seanergy Maritime (SHIP) also sold 50 million shares at $0.135 each and 5.29 million over-allotment units to the deal’s underwriters for total offering proceeds of $13.7 million. Currently, Greek shipowner and operator Seanergy Maritime (SHIP) owns a fleet of ten (10) capesize bulk carriers. At the beginning of April, Seanergy Maritime (SHIP) priced an underwritten public offering at $6 million which will be utilized for general corporate purposes. In March 2020, Stamatis Tsantanis-led capesize player Seanergy Maritime (SHIP) received extensions on two loan facilities. 13-April-2020

 

Nasdaq-listed shipowner and operator Seanergy Maritime (SHIP) has received extensions on two loan facilities, one of which will mature in less than two weeks. Seanergy Maritime (SHIP) has received lender approval in the form of a commitment letter to extend the loans’ maturities. Greek shipowner and operator Seanergy Maritime’s (SHIP) bank debt and other financial liabilities stood at $183 million as of 31 December 2019. Seanergy Maritime (SHIP) has a market capitalization of $7.26 million based on 26.9 million shares. Seanergy Maritime (SHIP) owns a fleet of ten (10) capesize bulk carriers. 4-March-2020

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) has completed scrubber retrofits on five (5) capesize bulk carriers. Seanergy Maritime (SHIP) has completed a previously announced IMO (International Maritime Organization) 2020 regulation compliance plan. Seanergy Maritime (SHIP) spent $14 million for open-loop scrubbers installed on five (5) capesize bulk carriers. Greek shipowner and operator Seanergy Maritime (SHIP) chartered out Cargill International, Glencore’s subsidiary ST Shipping and Transport, and Uniper Global Commodities for the long-term. Seanergy Maritime (SHIP) chartered out 2012 built capesize bulk carrier 179K DWT MV Partnership and 2010 built capesize bulk carrier 179K DWT MV Lordship for four (4) years. Furthermore, Seanergy Maritime (SHIP) chartered out the 2010 built capesize bulk carrier 179K DWT MV Partnership and 2010 built capesize bulk carrier 170K DWT MV Squireship to a multinational commodity trading company for five (5) years. Seanergy Maritime (SHIP) chartered out the 2011 built capesize bulk carrier 179K DWT MV Championship for five (5) years. Greek shipowner and operator Seanergy Maritime’s charterers compensated for the open-loop scrubbers either by directly reimbursing Seanergy Maritime (SHIP) or working the cost into the charter terms. Seanergy Maritime (SHIP) has retrofitted the ships for the Neo Panama canal. Furthermore, Seanergy Maritime (SHIP) hedge against bunker price fluctuations. 12-February-2020

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) foresees the dry bulk market to climb up from its lows after Q1 2020. Seanergy Maritime (SHIP) envisages 2020 to be a positive year. According to Seanergy Maritime (SHIP), Vale is going to export more iron ore and Chinese steel production is going to increase by an average of 7% in 2020. Greek shipowner and operator Seanergy Maritime (SHIP) reported a net loss of $11.7 million in 2019. Seanergy Maritime (SHIP) reported a revenue of $86.5 million in 2019. In 2019, Greek shipowner and operator Seanergy Maritime (SHIP) completed a scrubber installation programme for half its ten (10) capesize bulk carrier fleet. Afterward the installation of scrubbers, Seanergy Maritime (SHIP) chartered out scrubber fitted capesize bulk carriers on long-term at BCI (Baltic Capesize Index) index-linked charters. Seanergy Maritime’s (SHIP) non-scrubber fitted five (5) capesize bulk carriers are all employed in the spot market. 11-February-2020

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) issued 4.83 million Class C warrants on 13 May, 4.77 million of which were exercised within their 13 November expiry date. Seanergy Maritime (SHIP) has received $17.8 million as a result of the exercised warrants. Seanergy Maritime (SHIP) is going to use the raised funds for general corporate purposes. Seanergy Maritime (SHIP) announced that the remaining 59K Class C warrants have become void and no longer exist. Seanergy Maritime (SHIP) has 26.9 million common shares, issued and outstanding, and does not expect that number to change as a result of the Class C warrants. 17-November-2019

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) reported a net profit of $750K in Q3 2019. In Q3 2019, Seanergy Maritime (SHIP) reported a revenue of $24 million due to dry-dockings. Seanergy Maritime (SHIP) reported daily time-charter averages of $20,143 per day per ship. Athens-based shipowner and operator Seanergy Maritime (SHIP) anticipates a positive trend to continue in dry bulk markets and expects that the charter rates at elevated levels. In Q4 2019, Seanergy Maritime (SHIP) chartered out the capesize bulk carriers at a TCE (Time-Charter Equivalent) rate of $25,800. 15-November-2019

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) reported a net loss of $6.9 million in Q2 2019. Seanergy Maritime (SHIP) explained that negative developments impacted the capesize market in Q1 2019. Seanergy Maritime (SHIP) was properly placed to capture the upturn in the capesize market because Seanergy Maritime (SHIP) chartered out the fleet on index-linked employment. Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) reported a revenue of $18.8 million in Q2 2019. Greek shipowner and operator Seanergy Maritime’s (SHIP) capesize bulk carriers have been installed scrubbers between July and October. Furthermore, Seanergy Maritime’s (SHIP) capesize bulk carriers have been installed BWTS (Ballast Water Treatment Systems). 30-July-2019

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime’s (SHIP) CEO Stamatis Tsantanis observes a phenomenal capesize buying opportunity in the dry bulk market. According to Seanergy Maritime (SHIP), capesize charter rates should recover in the Q2 2019. BCI (Baltic Capesize Index) has plunged to 122 points since the 25 January Vale’s dam collapse. According to Seanergy Maritime (SHIP), it’s an incredible buying opportunity for the capesize bulk carriers. Currently, the price tag for a five-year-old capesize bulker is around $36 million. Seanergy Maritime (SHIP) anticipates the US-China trade relations should improve soon. Seanergy Maritime (SHIP) is highly optimistic about the dry bulk market. 1-April-2019

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) is holding off on any fleet expansion programs while capesize bulk carrier rates have remained very low following the Vale’s dam collapse. Stamatis Tsantanis-led capesize player Seanergy Maritime (SHIP) is asking charterers to cover $12 million in scrubber costs but still wants to see the capesize market recover before acquiring any bulk carrier. Seanergy Maritime (SHIP) took a wait-and-see approach to see the capesize market recover. Capesize bulk carrier rates have plummeted to $5,306 in three months. Currently, Seanergy Maritime (SHIP) has a fleet of ten (10) capesize bulk carriers. 19-March-2019

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) CEO Stamatis Tsantanis is very optimistic about dry bulk markets. According to Stamatis Tsantanis, dry bulk market currently has the best fundamentals for the last 15 to 17 years in shipping history. Seanergy Maritime CEO Stamatis Tsantanis expects a very healthy dry bulk market for the next few years. Stamatis Tsantanis expects the capesize market to experience a boost due to the number of ships set to be docked for scrubber retrofitting. 19-December-2018

 

Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP) is optimistic about capesize dry bulk market for 2019. Greek shipowner and operator Seanergy Maritime (SHIP) is in loss in Q3 2018. In Q3 2018, Seanergy Maritime (SHIP) reported revenue of $26.4 million. In Q3 2018, Seanergy Maritime (SHIP) reported TCE (Time Charter Equivalent) earnings of $18,244 per day per ship. Nasdaq-listed Greek shipowner and operator Seanergy Maritime’s (SHIP) CEO Stamatis Tsantanis remarked that capesize dry bulk market conditions improved significantly in Q3 2018. In Q3 2018, Seanergy Maritime (SHIP) reported EBIDTA $10.1 million and a net income of $1.3 million. Seanergy Maritime (SHIP) is the only pure-play capesize dry bulk company listed in the US capital markets. Seanergy Maritime’s (SHIP) CEO Stamatis Tsantanis is very optimistic for the capesize dry bulk market in 2019 and 2020. 11-December-2018

 

Greek shipowner and operator Seanergy Maritime Holdings bought capesize dry bulk carrier 2012 Korean built 179K DWT from Dong-A Artemis for $32.5 million. This week, dry bulk market capesize daily spot rates reach $20,000 per day. Greek shipowner and operator Seanergy Maritime Holdings bought the capesize dry bulk carrier from South Korean shipowner Dong-A Artemis which has a fleet of 20 vessels. In September 2016, CEO Stamatis Tsantanis led Seanergy Maritime Holdings expanded its fleet by buying two capesize dry bulk carriers 2010 built from German shipowner ER Schiffahrt 178K DWT MV ER Bavaria and 178K DWT MV ER Bayern for a total of $41 million. 2-April-2017

 

German E.R. Schiffahrt is a ship-owning and ship-management company sold cape size bulk carriers to Nasdaq-listed Greek shipowner and operator Seanergy Maritime (SHIP). New York-listed Seanergy Maritime has paid around $61 million for three Korean built capesize bulkers 178K DWT 2010 built sisterships MV ER Bayern, MV ER Boston and M/V ER Bavaria. 29-September-2016