The US-listed shipowner said it aims to raise a further $20m according to a shelf registration filed with financial regulators.

US investment bank Maxim Group has been named as the sole underwriter for Seanergy’s latest fundraiser.

Seanergy’s fleet is currently made up of nine capesize and two handymax bulkers with all but two of the ships built after 2010.

Nine of its fleet are employed on the spot market with two ships on period charters.

Last month Seanergy chief executive Stamatis Tsantanis, speaking after the company reported its second quarter results, said he expects a steady rise in freight rates and vessel values.

He said this would be driven by the increased demand from the end users of dry bulk commodities, and the increase in ton-miles resulting from the expansion of volumes along long-haul trades at a time of a reduction in fleet growth.

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