Greek dry bulk shipowner Seanergy Maritime is accelerating its fleet renewal program, selling an older vessel and acquiring two vessels currently under construction.
Seanergy Maritime announced that it has entered into an agreement to acquire one Capesize bulk carrier currently under construction, with delivery expected in the second to third quarter of 2027. The new vessel will be equipped with a scrubbing system. Concurrently, the company has secured one Capesize bulk carrier through a ten-year bareboat charter agreement, with delivery anticipated in early 2029. The agreement includes a purchase option exercisable between the fifth year and the end of the charter period.
The two new vessels each have a deadweight tonnage of 181,500 tons and were built by the same Japanese shipyard. If the purchase option is exercised, the total cost for the two vessels is estimated to be approximately $158 million.
With this fleet renewal, Seanergy Maritime’s newbuilding program has expanded to five vessels, including four Capesize bulk carriers and one Newcastlemax bulk carrier. The total investment amounts to approximately $384 million, with deliveries scheduled between 2027 and 2029.
While advancing new ship construction, Seanenergy Maritime has agreed to sell the 2010-built Capesize bulk carrier Squireship to the spin-off entity United Maritime for $29.5 million.
The bulk carrier slated for sale has a deadweight tonnage of 170,018 tons and is expected to be delivered to the new owner between late April and early June 2026. After deducting related liabilities, the transaction is projected to generate approximately $13.5 million in net proceeds and approximately $4 million in accounting gains. Following the sale, Seanergy Maritime will continue to provide technical and commercial management services for the vessel to ensure the existing charter agreement remains in effect.
Seanergy Maritime currently owns or operates 20 vessels under finance leases, including 18 Capesize bulk carriers and 2 Newcastlemax bulk carriers. Upon delivery of newbuilds and the retirement of the Squireship from its fleet, the company expects to operate 24 large bulk carriers.