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Two Stamatis Tsantanis-led companies offload capesizes in 'favourable conditions' | Dry bulk shipping news

Two Stamatis Tsantanis-led companies offload capesizes in 'favourable conditions' | Dry bulk shipping news

Hellenic Shipping News
United Maritime expands With Bareboat Deal and Purchase Option

Two Nasdaq-listed shipping companies led by Stamatis Tsantanis

United Maritime expands With Bareboat Deal and Purchase Option

Two Nasdaq-listed shipping companies led by Stamatis Tsantanis have recently sold capesizes to undisclosed buyers. Seanergy Maritime Holdings Corp. sold a 15-year-old capesize bulker, taking advantage of the “favorable valuation environment,” whilst United Maritime Corporationcompleted the divestment of its oldest capesize, a 20-year-old vessel, finalizing the company’s exit from vintage tonnage as part of its long-term fleet renewal plan.

The Nasdaq-listed pure-play capesize shipping company Seanergy Maritime Holdings Corp. has completed the sale of its capesize vessel, Geniuship, for a gross price of approximately $21.6m to an unaffiliated buyer, the company announced on Tuesday.

The 170,057-dwt capesize bulker, built in 2010 by Sungdong SB in South Korea, which was acquired by Seanergy in 2015, was delivered to its new owner on September 10.

The transaction generated net cash

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