Seanergy Maritime Holdings Corp. has secured agreements to acquire two scrubber‑fitted 181,500‑dwt Capesize vessels from a Japanese shipyard. The first vessel is scheduled for delivery between the second and third quarters of 2027, while the second vessel will arrive in the first quarter of 2029 under a 10‑year bare‑boat‑in charter that includes a purchase option at the end of the term. The combined estimated cost for the two newbuilds is approximately $158 million, assuming the purchase option is exercised.
The company also agreed to sell its 2010‑built M/V Squireship, a 170,018‑dwt Capesize vessel built in South Korea, to United Maritime Corporation for $29.5 million. Delivery of the Squireship is expected between late April and early June 2026. After debt repayment, the transaction is projected to generate net cash proceeds of about $13.5 million and an accounting profit of roughly $4 million, which will be reflected in the second‑quarter 2026 results.
After the newbuild deliveries, Seanergy’s operating fleet will consist of 19 Capesize vessels and 3 Newcastlemax vessels, plus one chartered‑out vessel, for a total cargo‑carrying capacity of approximately 4,025,908 dwt. This represents a modest adjustment from the previously reported 21 Capesize count, reflecting the inclusion of the chartered‑out vessel and the updated post‑delivery composition.
The fleet renewal strategy is driven by the need to replace older, less efficient tonnage with modern, fuel‑efficient vessels that can command higher charter rates while maintaining low operating costs. “Our strategy remains clear: reallocate capital from older assets into modern Capesize tonnage, maintain balance sheet discipline, and position the Company to capture long‑term market upside. At the same time, we remain firmly committed to our capital return policy and expect to continue delivering meaningful returns to our shareholders,” said Chairman and CEO Stamatis Tsantanis.
The sale of the Squireship frees capital for future acquisitions and supports the company’s disciplined newbuilding program, which now includes five vessels—four Capesize and one Newcastlemax—totaling roughly $384 million. The transaction is expected to strengthen Seanergy’s balance sheet and enhance its competitive position in the dry‑bulk market, where demand for modern, scrubber‑fitted vessels is rising due to stricter environmental regulations and a shift toward more fuel‑efficient fleets.
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