Feb 18 • 11:40 UTC 🇬🇷 Greece Naftemporiki

Seanergy: Fleet renewal with 3 new vessels and sale of an older ship

Seanergy Maritime Holdings has reported a fifth consecutive year of profitability and announced the addition of three new vessels while selling an older ship.

Seanergy Maritime Holdings has announced its fifth consecutive year of profitability, reflecting a robust performance driven by its pure-play Capesize strategy. The company's adjusted earnings per share stood at 1.28 dollars, indicating positive momentum in the shipping sector. Additionally, Seanergy declared its 17th consecutive quarterly dividend, distributing 0.20 dollars per share for the fourth quarter of fiscal year 2025, amounting to a total dividend of 0.43 dollars for the year and 51.2 million dollars in total returns to shareholders.

In a strategic move to enhance its fleet, Seanergy has embarked on a shipbuilding program that includes three eco-friendly newbuildings worth a total of 226 million dollars. Among these, two vessels are Capesize ships that can carry up to 181,000 deadweight tons, equipped with scrubbers to reduce emissions, scheduled to be delivered in the second and third quarters of 2027. Together with a new Newcastlemax vessel of 211,000 dwt, with delivery expected in the second quarter of 2028, this fleet renewal underscores the company's commitment to sustainability and industry leadership.

In conjunction with the fleet expansion, Seanergy is also optimizing its current assets by selling the M/V Dukeship through an 18-month bareboat charter that includes an obligation to purchase. This movement not only signifies Seanergy's strategic realignment and investment in modern, more efficient vessels, but it also points to a larger trend within the shipping industry where sustainable practices are becoming increasingly paramount as companies respond to environmental regulations and market demands.

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