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Seanergy purge continues
Seanergy Maritime Holdings has sold four more bulk carriers as part of its ongoing quest to reduce its debt pile.
The Nasdaq-listed Greek owner is left with eight vessels in the water after offloading the handysize quartet for $30m en bloc to a buyer nominated by creditor DVB Merchant Bank (Asia).
Seanergy’s fleet now consists of four handysize vessels, two panamaxes and two supramax vessels and its total debt has been cut to $177m.
Stamatis Tsantanis, CEO, said: "This transaction represents another important milestone in the company's restructuring process.
“Following the sale of these four subsidiaries, our overall indebtedness is further reduced by approximately $30.3 million, which is another important step towards a sustainable capital structure for our Company."
The six sales this year add to the eight vessels offloaded in 2012.