Seanergy fleet renewal gathers pace with sixth newbuild
Greek capesize specialist Seanergy Maritime is accelerating its fleet renewal strategy after adding another newbuilding to a growing orderbook that now totals six eco-design bulkers worth about $460m.
The Nasdaq-listed company said the latest addition expands a programme that now includes five 181,500 dwt capesizes and one 211,000 dwt newcastlemax scheduled for delivery between 2027 and 2029.
The newbuilding series includes three capes under construction at China’s Hengli Shipbuilding, two at Japan’s Imabari Shipbuilding and the newcastlemax at Jiangsu Hantong Ship Heavy Industry.
All six vessels will be scrubber-fitted and built to modern eco specifications aimed at improving fuel efficiency and lowering emissions, the Stamatis Tsantanis-led company said.
Four of the capesizes are due for delivery between the second and fourth quarters of 2027, while the newcastlemax is scheduled for delivery in the second quarter of 2028. The final capesize is set to join the fleet in the first quarter of 2029.
The move marks a significant shift for Seanergy, which historically focused on acquiring secondhand capesize tonnage. The company only entered the newbuilding market for the first time in October 2025.
Excluding the vessels on order, Seanergy currently owns or finance-leases close to 20 ships.
Tsantanis said the fleet renewal programme, which in addition to newbuildings includes three older vessel disposals, represents “a significant upgrade to fleet quality, efficiency and long-term earnings capacity”.
He added that discussions with charterers were already advancing, with expectations that the vessels could secure multi-year employment with downside protection and profit-sharing arrangements.
“Our newbuilding strategy combines disciplined growth with risk management,” Tsantanis noted, adding that early delivery positions in what the company described as a tightening global newbuilding market formed a key part of the investment case.
The latest move also reflects a broader return by Greek owners to large dry bulk newbuilding projects as appetite for modern fuel-efficient tonnage grows. Cape Shipping recently re-entered the dry bulk newbuilding market for the first time in more than 15 years with an order for two newcastlemax vessels at China’s Dajin Heavy Industry, while Enesel and Neda Maritime have also signed capesize contracts at the same yard. Other Greek owners, including Capital Group, Safe Bulkers, Maran Dry, Navios Maritime Partners and Danaos, have all booked capesize or newcastlemax vessels this year.


