Seanergy Maritime Holdings struck separate deals aimed at refinancing two capesizes that released $10m in new capital in the company,

The transactions involve the 178,830-dwt Lordship (built 2010) and the 178,938-dwt Knightship (built 2010).

Both vessels were acquired second-hand for $41.5m in 2016. The acquisitions were financed through a $32m loan from Northern Shipping Funds at an interest rate of 11% per annum and the Jelco Loan Facility of $12.8m,