A dive in dry-bulk rates sent profit crashing at Greek owner Seanergy Maritime Holdings in the third quarter.
The Victor Restis-connected company did, however, express optimism for the dry-bulk industry in the fourth quarter with China once again expected to lead the way.
Not even a doubling of the Nasdaq-listed outfit’s fleet in the period could prevent the slump in profit as rates were cut in half and expenses soared.
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