10:52 AM EST, 01/28/2025 (MT Newswires) -- Seanergy Maritime Holdings ( SHIP ) said Tuesday it signed definitive agreements with unaffiliated third parties in Japan for the acquisition of two Japanese ships for a total of about $69 million.

The company said the deals are for a Newcastlemax vessel and a bareboat charter with a purchase obligation for a Capesize vessel, with both ships to be delivered within Q1.

The transaction will be funded using a combination of existing cash and proceeds from future credit facilities, according to the company.

Shares of Seanergy Maritime ( SHIP ) were down 3% in recent trading.

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