Oct. 2 at 1:47 PM
Noble Capital Markets Research Report: Seanergy Maritime (
$SHIP) – Strategic Vessel Sale and Improving Capesize Fundamentals
Sale of M/V Geniuship. Seanergy announced the sale of the M/V Geniuship, a 170,057 dwt Capesize vessel, for approximately
$21.6 million, generating net cash proceeds of
$12.0 million and a profit of about
$2.5 million. The sale was timed to take advantage of improved vessel valuations while avoiding the costs of the vessel’s scheduled dry-docking. The transaction enhances liquidity, improves near-term earnings, and aligns with the company’s ongoing fleet renewal strategy.
Read more: https://www.channelchek.com/news-channel/seanergy-maritime-ship-strategic-vessel-sale-and-improving-capesize-fundamentals