Home Greece Seanergy announces delivery of one Capesize vessel and new bank loan facility

Seanergy announces delivery of one Capesize vessel and new bank loan facility

Stamatis Tsantanis Chairman and Chief Executive Officer, Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. reported the delivery of a previously-announced Capesize vessel acquisition, the M/V Friendship, according to the company’s release. The vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan.

The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date. The vessel has been fixed on a time charter (“T/C”) with NYK Line, a leading Japanese corporation, which is an existing charterer of Seanergy. The T/C is expected to commence immediately, upon finalization of the customary transition process and will have a term of minimum 17 to maximum 24 months from the delivery. The gross daily rate of the T/C is based at a premium over the Baltic Capesize Index (“BCI”).

Moreover, Seanergy received approval, from one of its existing lenders to partially finance the acquisition of the M/V Friendship. The loan facility of up to $13.0 million bears interest rate of LIBOR + 3.25%, has a four-year term and will be repaid through 4 quarterly instalments of $0.7 million followed by 12 quarterly instalments of $0.38 million and a balloon of $5.7 million payable together with the last instalment.