Greece's Seanergy Maritime Holdings has sold its latest capesize bulker addition to Cargill in a sale-and-leaseback deal that will see the trading giant time charter the vessel as well.

New York-listed Seanergy bought the 176,000-dwt capesize Flagship (built 2013) in March for $29.4m from Hsin Chien Marine of Taiwan.

Nasdaq-listed Seanergy has now financed the ship by selling it to Cargill for $20.5m,