Seanergy Maritime has posted fourth-quarter and full-year losses, thanks to a weaker freight market in the second half of 2020.

The owner of 14 capesize bulkers on Wednesday reported a net loss of $2.3m for the quarter that included $1.61m one-off charges related to debt restructuring.

That compares with a $3.1m profit for the same period last year.

Revenue came in at $21.3m