The New York listed company has been negotiating a plan topurchase four capesize bulkers from the interests of its principalshareholders, the Restis family, market sources said today.
Two 2010-built capes and two 2004-built units now operatingin the fleet of Victor Restis-led Enterprises Shipping & Trading would besold into Seanergy for shares in the Nasdaq-listed owner, said sources familiarwith the plan.
Seanergy recently went through a revamp that saw the companyshed some $346m in bank debt since 2012, but at the cost of selling off itsremaining vessels.
