According to Splash247, Seanergy Maritime is being linked to a fresh newcastlemax bulk carrier newbuilding in China, a 211,000 dwt vessel listed at Hengli Heavy Industries for delivery in 2029. If confirmed, the order would expand the Nasdaq-listed Greek owner's newbuilding programme from seven to eight vessels and extend a rapid fleet renewal drive that already includes a substantial dry bulk orderbook.
New order at Hengli
Athens-based broker Xclusiv Shipbrokers lists Seanergy against a single 211,000 dwt newcastlemax at Hengli Heavy Industries, Splash247 reported. No price has been given for the ship. The fresh deal would be Seanergy's second newcastlemax newbuilding; the company already has a 211,000 dwt vessel on order at Jiangsu Hantong for delivery in 2028, a deal broker reports previously put at around $75.8m.
Hengli is already central to Seanergy's renewal programme, with three 181,000–181,500 dwt capesizes under construction at its Dalian yard for delivery in 2027. The latest deal would take the company's Hengli orderbook to four vessels, while the remaining capesize newbuilds are being built in Japan.
| Vessel type | Size (dwt) | Yard / location | Delivery |
|---|---|---|---|
| Newcastlemax (reported new order) | 211,000 | Hengli Heavy Industries | 2029 |
| Newcastlemax | 211,000 | Jiangsu Hantong | 2028 |
| Capesize | 181,000–181,500 | Hengli (Dalian) | 2027 |
| Capesize | 181,000–181,500 | Hengli (Dalian) | 2027 |
| Capesize | 181,000–181,500 | Hengli (Dalian) | 2027 |
| Remaining capesize newbuilds | Not specified | Japan | Not specified |
Programme investment and delivery schedule
As recently as July 30, Seanergy put the investment in its programme at about $591m, covering seven newbuildings and one secondhand acquisition — a 2022-built capesize — Splash247 reported. That acquisition brings the broader fleet growth and renewal slate to nine ships when included.
The delivery schedule under the current programme calls for four ships in 2027, one in 2028 and two in 2029. The reported new Hengli newcastlemax would add a third delivery in 2029 if confirmed.
Charter coverage and existing fleet
Seanergy has already secured employment for the three China-built capesizes arriving next year. According to Splash247, two of the vessels have five-year charters with a European operator, and another has a four-year deal with a major miner, with floor rates averaging about $23,100 per day and index-linked upside.
The Stamatis Tsantanis-led company currently operates 19 capesize and newcastlemax vessels totalling around 3.46m dwt, with an average age of just over 15 years. To fund the move into newbuildings, Seanergy has used a combination of bank facilities and a €100m Greek corporate bond.
Watch list
- Confirmation of the Hengli newcastlemax order and any price disclosure.
- Delivery of the 211,000 dwt Jiangsu Hantong newcastlemax in 2028, previously reported at around $75.8m.
- Arrival of the three 2027-dated Hengli capesizes, two of which are chartered for five years and one for four years.
- How the remaining newbuildings without disclosed employment may be placed.
Sources:
