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An announcement from Seanergy Maritime ( (SHIP) ) is now available.
On January 28, 2025, Seanergy Maritime Holdings Corp. announced the expansion of its fleet with the acquisition of two Japanese-built ships: a Newcastlemax vessel and a Capesize vessel. These acquisitions, totaling approximately $69 million, are part of Seanergy’s strategic fleet expansion to enhance its competitive edge and align with its capital allocation strategy. The Newcastlemax vessel, built in 2013, will be delivered in the first quarter of 2025, while the Capesize vessel will be acquired through a bareboat charter agreement with an obligation to purchase by the end of a six-month period. This fleet expansion is expected to increase the company’s operational capabilities and shareholder returns, capitalizing on favorable market conditions and sustained global demand for raw materials.
More about Seanergy Maritime
Seanergy Maritime Holdings Corp. is an international shipping company providing marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The company operates a fleet of Capesize and Newcastlemax vessels, with its headquarters in Glyfada, Greece, and its shares traded on the Nasdaq Capital Market under the symbol ‘SHIP’.
YTD Price Performance: -2.13%
Average Trading Volume: 288,489
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $142M
Learn more about SHIP stock on TipRanks’ Stock Analysis page.
