Seanergy Maritime Holdings has decided to back off the capital markets for now, having sold about $30m in shares since late March.

The Stamatis Tsantanis-led owner of 10 capesizes last raised $5.2m Tuesday by selling 43.4m common shares overnight after putting together $5.15m off 43m a few days earlier.

Seanergy Maritime began the fundraiser by selling $6m in common shares on 31 March and then $6.75m