Seanergy Maritime is staying positive amid capesize woes while securing a bit of assurance for this year's first quarter.
The New York-listed owner of 10 capesize vessels obtained a $4.5m loan to help pre-pay a $12.5m scrubber investment that will eventually be reimbursed by charterers.
The capesize pureplay company acquired the debt as rates stay in the basement after plummeting since the 25 Vale dam catastrophe wiped 40 million tonnes of iron ore off the market.
