Seanergy Maritime Holdings Corp. has taken delivery of the 176,387 dwt Capesize bulk carrier, built in 2013 by Mitsui Engineering & Shipbuilding Co., Ltd. in Japan, which was renamed M/V Flagship, according to the company's release.
The vessel was subsequently financed through a leasing agreement with Cargill International SA. Pursuant to the agreement, the Company has chartered back the vessel on a bareboat basis and subsequently entered into a five-year time charter (“T/C”) with Cargill at a rate which is linked to the Baltic Capesize Index (BCI).