10:11 AM EDT, 09/30/2025 (MT Newswires) -- Seanergy Maritime ( SHIP ) said Tuesday it has completed the sale of its capesize vessel, M/V Geniuship, to an unnamed buyer for a gross price of about $21.6 million.

The company said the 2010-built vessel was delivered to the buyer on Sept. 10 and the transaction generated net cash proceeds of about $12 million, with $2.5 million of accounting profit expected to be recorded in its Q3 financial results.

Additionally, the company said its class E warrants expired on Aug. 20, and it does not have any outstanding warrants or other convertible securities.

Shares of the company were down 2.1% in early Tuesday trading.

Price: 8.24, Change: -0.18, Percent Change: -2.10