Greece's Seanergy Maritime Holdings has more than halved its finance costs for one of its capesize bulkers.
The Nasdaq-listed company said it is tapping a major Asian bank for a $15m loan to replace a facility from US alternative finance group EnTrust Global, of which $14.6m remains outstanding.
The cash is secured by, and refinances, the 170,100-dwt Geniuship (built 2010).
