SHIP - Seanergy Maritime buys and sells vessels

Seanergy Maritime ( NASDAQ: SHIP ) said Tuesday it bought M/V Paroship, a 2012-built Capesize vessel, for $31 million, and has put it on a fixed time charter up until year end with a European operator.

The company said the purchase of M/V Paroship, which was made in Japan, will increase the number of its scrubber-fitted vessels fleet to nine.

The acquisition of the vessel was funded through a combination of cash on hand and a new senior credit facility, the company said.

Separately, the company sold M/V Goodship and M/V Tradership, which are the oldest vessels in its fleet, for $36.25 million to United Maritime.

Seanergy said it sees a profit of about $8 million in Q1 2023 and a reduction in the average age of its fleet from the sale of the vessels.

The sale is expected to be concluded by the end of Q1.

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