Seanergy Announces Delivery of Capesize M/V Flagship | Helle

Seanergy Announces Delivery of Capesize M/V Flagship | Hellenic Shipping News Worldwide


Seanergy Announces Delivery of Capesize M/V Flagship
Seanergy Maritime Holdings Corp. announced today that it has taken delivery of the 176,387 dwt Capesize bulk carrier, built in 2013 by Mitsui Engineering & Shipbuilding Co., Ltd. in Japan, which was renamed M/V Flagship (the “Vessel”). The Vessel was subsequently financed through a leasing agreement with Cargill International SA (“Cargill” or the “Charterer”). Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered into a five-year time charter (“T/C”) with Cargill at a rate which is linked to the Baltic Capesize Index (BCI).
Financing Agreement

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