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Seanergy Maritime Takes Delivery of Capesize M/V Flagship

05/11/2021 09:47

01:35 PM EDT, 05/11/2021 (MT Newswires) -- Seanergy Maritime Holdings Corp (SHIP) said Tuesday it has taken delivery of the 176,387 dwt Capesize bulk carrier, which was renamed M/V Flagship.

The vessel, built in 2013 by Mitsui Engineering & Shipbuilding in Japan, was financed through a leasing deal with Cargill International and chartered back on a five-year time deal, the company said.

Seanergy said the bareboat financing amount is $20.5 million, and it has the option to buy back the vessel at any time during the leasing period, at the end of which it has a purchase obligation of $10 million.

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