Seanergy Maritime Holdings has ticked another box on its path to secure financial flexibility.

The Greek bulker owner has taken a proactive approach and seen four lenders waive and defer certain major financial covenants.

Following the latest agreement, Seanergy expects to be in compliance with all applicable covenants until the second quarter of 2018.

Stamatis Tsantanis, chief executive of Seanergy, said: “While the company was not in breach of covenants in any of its facilities, we approached our banks well in advance to resolve any issue that could arise in the next 13 to 15 months.

“Currently,