Seanergy Maritime Holdings Corp. is a Greece-based shipowner focused on transporting dry bulk commodities. The company was incorporated in the Republic of the Marshall Islands in 2008 (originally as Seanergy Merger Corp.) and operates through vessel-owning subsidiaries that deploy ships worldwide on major commodity routes. Its business model centers on providing oceangoing capacity for raw materials that underpin industrial and energy supply chains.
The company is a pure-play Capesize operator, with its commercial activity concentrated in the largest dry bulk segments used for long-haul movements of iron ore, coal, and grains. By employing vessels predominantly on time-charter and spot arrangements, Seanergy aligns fleet utilization with prevailing trade flows and port constraints across the Atlantic and Pacific basins.
Seanergy’s fleet mix emphasizes Capesize and Newcastlemax tonnage, giving it the scale and cargo-lift suited to deep-draft, high-volume trades. Recent disclosures list an operating fleet of 20 vessels—2 Newcastlemax and 18 Capesize—with an aggregate carrying capacity of roughly 3.63 million deadweight tons and an average age in the mid-teens. This concentration enables operational specialization, chartering flexibility, and leverage to core bulk indices.
Structurally, the company has refined its focus through portfolio actions. In 2022 it completed the spin-off of a legacy Capesize into United Maritime Corporation, separating that asset set while maintaining Seanergy’s Capesize concentration. More recently, it has pursued selective fleet growth via second-hand acquisitions, including one Newcastlemax and one Capesize vessel added in early 2025. These steps reflect an emphasis on maintaining a modern, scale-efficient presence in large-bulk trades.