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.
Following the delivery of the Worldship to its charterer, 93% of the company’s fleet will be employed under medium to long-term time charters.
Seanergy recently struck a deal to offload its oldest capesize bulker and to acquire an eight-year younger vessel. On a fully delivered basis, Seanergy’s operating fleet will consist of 16 capesize vessels with an average age of 11.4 years.