Seanergy Maritime Completes Retrofit

The drydocking of the vessel M/V Lordship was completed yesterday (August 01), marking the first milestone in Seanergy Maritime Holdings' scrubber and ballast water treatment system (BWTS) installation program.

The Greece-based international shipping company said in a stock exchange announcement that the dry docking of the M/V Partnership is currently ongoing.

"Three vessels will follow within August, September and October 2019, respectively, in line with our initial installation schedule," said the provider of marine dry bulk transportation services through the ownership and operation of dry bulk vessels.

"In addition, we have agreed with one of our existing charterers, to install various energy saving devices, including a Mewis Duct on one of our vessels," it said.

The charterer will fully fund all the upgrades and the optional period under the underlying long-term time charter will be extended by 8 to 9 months.

Through the optional period the Company will be entitled to receive a premium over the agreed index-linked hire depending on the improvement in the fuel consumption realized, it said.