A trend of public dry bulk companies drawing investment interest from other public shipowners is continuing, with a new pairing of Greece’s Costamare and Seanergy Maritime Holdings.

A private entity controlled by Costamare chief executive and major shareholder Konstantinos Konstantakopoulos revealed on Wednesday that it has purchased 1.02m Seanergy shares, or about 5.1% of the company.

At Seanergy’s current share price of about $4.95,