Greek dry bulk ship owner and operator Seanergy Maritime capped a busy first quarter of 2017 by acquiring its third Capesize vessel in the past six months.

The dry bulk carrier, to be renamed Partnership, was purchased for US$32.65m from South Korean shipping company Dong-A Tanker (DAT) and is expected to join Seanergy's fleet by the end of May 2017.

The 179,213dwt ship was built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 2012.

Following the recent acquisition, Seanergy said that its fleet will expand to 1.7 million dwt.

The announcement comes on the back of the company's financial results for 2016 which show that Seanergy widened its net loss to US$24.6m from US$9m seen a year earlier.

The companys revenues increased to US$34.7m in 2016 from US$11.2m recorded in 2015.