Seanergy Maritime is continuing to push aggressively into fleet renewal after confirming the addition of another newbuilding to its expanding dry bulk orderbook, which now stands at six eco-design vessels valued at approximately $460m.
The Nasdaq-listed Greek shipowner said the latest deal further strengthens a programme that now includes five 181,500 dwt capesize bulkers alongside one 211,000 dwt newcastlemax vessel, with deliveries scheduled between 2027 and 2029.
The company’s newbuilding strategy spans several Asian shipyards. Three of the capesizes are currently under construction at China’s Hengli Shipbuilding, while two additional vessels are being built at Japan’s Imabari Shipbuilding. The larger newcastlemax unit is being constructed at Jiangsu Hantong Ship Heavy Industry.
According to Seanergy, all six ships will be equipped with scrubbers and built to modern eco-design specifications aimed at improving fuel efficiency while reducing emissions and operational costs.
Delivery timelines are already mapped out across the coming years. Four of the capesize vessels are expected to join the fleet between the second and fourth quarters of 2027, while the newcastlemax is scheduled for delivery during the second quarter of 2028. The final capesize vessel is expected to be delivered in the first quarter of 2029.
The move is a major strategic shift for Seanergy, which traditionally has focused on buying secondhand capesize vessels, rather than investing directly in newbuilding. In fact, the company only entered the newbuilding segment for the first time in October 2025.
Outside of the vessels currently on order, Seanergy owns or finance-leases close to 20 ships.
Chief executive Stamatis Tsantanis described the fleet renewal programme as a significant step forward for the company, noting that the strategy also includes the disposal of three older vessels as part of the wider modernisation effort.
According to Tsantanis, the investment programme is expected to improve fleet quality, operational efficiency and the company’s long-term earnings potential.
He also revealed that discussions with charterers are already progressing, with expectations that several of the new vessels could secure long-term employment contracts featuring downside protection mechanisms and profit-sharing arrangements.
“Our newbuilding strategy combines disciplined growth with risk management,” Tsantanis said, adding that securing early delivery slots in what the company described as a tightening global newbuilding market played an important role in the investment decision.
Seanergy’s latest expansion also reflects a broader resurgence among Greek shipowners in the large dry bulk newbuilding sector, particularly as demand grows for modern, fuel-efficient vessels.
Several major Greek owners have returned to the market this year. Cape Shipping recently placed its first dry bulk newbuilding order in more than 15 years with two newcastlemax vessels at China’s Dajin Heavy Industry. Enesel and Neda Maritime have also signed capesize agreements at the same yard, while other Greek groups including Capital Group, Safe Bulkers, Maran Dry, Navios Maritime Partners and Danaos have all secured capesize or newcastlemax orders in 2026.
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