For a Japanese-built (2006) cape, which will be renamed Tradership, Seanergy paid $17m. At the end of this quarter or early next quarter, Seanergy expects delivery, bringing its fleet to 12.

The incoming vessel has recently completed its special survey and the installation of the ballast water system.

“We are pleased to announce another timely acquisition of a high quality Capesize vessel built by a first-class shipyard in Japan. The addition of the M/V Tradership to our fleet is further increasing our operating leverage as a leading pure-play Capesize company," stated Stamatis Tsantanis, chairman & CEO of Seanergy.

“We strongly believe that our segment represents the best fundamentals in the dry bulk industry. We will continue to actively pursue accretive growth transactions aiming to improve shareholder returns for the years to come,” he added.

Maritime Business World