Seanergy acquires secondhand capesize

Seanergy acquires secondhand capesize

Greek dry bulk owner Seanergy Maritime Holdings has entered into an agreement to acquire a 2012-built capesize vessel.

The 179,213 dwt vessel, built at Hyundai in South Korea, is expected to be delivered by the end of May 2017.

Splash understands the vessel to be the  Dong-A Artemis, owned by South Korea’s Dong-A Tanker and reported sold to an unspecified US listed entity last week.

Stamatis Tsantanis, CEO of Seanergy, commented: “This high quality capesize vessel marks our first acquisition of 2017 and follows the successful acquisition and delivery of two sistership capesizes in the fourth quarter of 2016. In addition, this purchase allows us to expand further our sizable position in the capesize segment.

“We strongly believe that the capesize segment represents the best fundamentals in the dry bulk industry and we will continue to actively pursue accretive acquisition opportunities of quality capesize vessels with an aim of increasing value for our shareholders.”

Seanergy paid $32.65m and will find the deal via a secured loan facility from financial institutions and financing arrangements with the company’s sponsor, the family of Seanergy’s founder Victor Restis.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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