Nasdaq-quoted Seanergy says it will use proceeds from the $11.2m disposal of the 30,500-dwt Clipper Grace (built 2007) to pay down debt and for working capital purposes.

The Athens-based company did not identify the buyer in note to investors but when thetransaction made TradeWinds headlines earlier this month there was talk that the counterparty may be Greek.

According to an estimate calculated by VesselsValue.com,