Two Stamatis Tsantanis-led companies offload capesizes in ‘favourable conditions’

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 Corporation completed 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