Seanergy Maritime Expands Fleet with New Capesize Orders
US-listed Greek shipping company Seanergy Maritime has significantly expanded its newbuilding program by ordering two additional capesize-class vessels from Chinese shipyards. This move raises the company’s total investment in new tonnage to approximately $226 million. The announcement comes as part of Seanergy’s ongoing strategy to modernize its fleet and enhance its environmental performance.
The company, led by CEO Stamatis Tsantanis, initially placed its first newbuilding order in October of the previous year. With the latest additions, Seanergy has now secured three large scrubber-fitted bulk carriers, which are scheduled for delivery between 2027 and 2028. This strategic expansion reflects the company’s commitment to investing in advanced shipping technologies that align with global decarbonization efforts.
In January, Seanergy contracted a 181,500 deadweight ton (dwt) vessel at Hengli Shipbuilding in Dalian, marking a sister ship to a unit ordered last year at the same yard. The contract price for this vessel is approximately $75.2 million, with delivery anticipated in the third quarter of 2027. Additionally, the company has finalized a deal for a 211,000 dwt Newcastlemax vessel at Jiangsu Hantong Ship Heavy Industry Co for around $75.8 million, with delivery expected in the second quarter of 2028.
Focus on Sustainability and Fleet Renewal
Seanergy Maritime emphasizes that all three new vessels will incorporate modern, fuel-efficient designs aimed at reducing emissions and improving fuel consumption. This initiative is part of the company’s broader fleet renewal and decarbonization strategy, which seeks to align with international environmental standards and reduce the carbon footprint of its operations.
In conjunction with its newbuilding program, Seanergy has also agreed to dispose of its 2010-built vessel, the Dukeship, through an 18-month bareboat charter to its spinoff, United Maritime. United Maritime has made a $5.5 million down payment and will pay $9,450 per day during the charter period, with a purchase obligation of $22.1 million at the end of the agreement.
CEO Tsantanis expressed confidence in the capesize market, citing strong demand for iron ore and bauxite trades, limited newbuilding supply in the segment, and favorable ton-mile trends projected through 2026. This optimistic outlook supports Seanergy’s decision to expand its fleet and invest in new vessels that meet the evolving demands of the shipping industry.
