Seanergy Maritime Holdings has sold $75m in shares in its hunt for more ships after adding a 12th capesize to its pureplay fleet.
The Stamatis Tsantanis-led owner sold about 44.2m that are priced to market at $1.70 each under Nasdaq stock market rules.
"We will continue to pursue accretive capesize transactions in the capesize space," chief executive Tsantanis told TradeWinds on Wednesday.