Business
Seanergy Announces Delivery & Immediate Period Employment of one Capesize Vessel and New Bank Loan Facility
Seanergy Announces Delivery & Immediate Period Employment of one Capesize Vessel and New Bank Loan Facility July 27, 2021 - Glyfada, Greece - Seanergy
About this update from Seanergy Maritime Holdings Corp.
[{"type":"text","content":"Seanergy Announces Delivery & Immediate Period Employment of one Capesize Vessel and New Bank Loan Facility July 27, 2021 - Glyfada, Greece - Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today the delivery of a previously-announced Capesize vessel acquisition, the M/V Friendship (the “Vessel”). 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. Company fleet on a fully delivered basis and following the sale of the M/V Leadership: Vessel NameVessel Size ClassCapacity (DWT)Year BuiltYardScrubber Fitted Employment TypePartnershipCapesize179,2132012HyundaiYesT/C Index Linked ChampionshipCapesize179,2382011SungdongYesT/C Index Linked LordshipCapesize178,8382010HyundaiYesT/C Index Linked PremiershipCapesize170,0242010SungdongYesT/C Index Linked SquireshipCapesize170,0182010SungdongYesT/C Index Linked KnightshipCapesize178,9782010HyundaiYesT/C Index Linked GloriushipCapesize171,3142004HyundaiNoT/C Index Linked FellowshipCapesize179,7012010DaewooNoT/C Index Linked GeniushipCapesize170,0582010SungdongNoT/C Index Linked HellasshipCapesize181,3252012ImabariNoT/C Index Linked FlagshipCapesize176,3872013Mitsui EngineeringNoT/C Index Linked Patriotship Capesize181,7092010Saijo - ImabariYesT/C Fixed Rate -$31,000/dayTradershipCapesize176,9252006Namura ShipbuildingNoT/C Index LinkedFriendshipCapesize176,9522009Namura Ship...