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Seanergy Maritime Holdings Corp. operates as a U.S.-listed pure-play Capesize ship-owner providing marine dry bulk transportation services through vessels it owns or finance leases. The company’s fleet is centered on Capesize and Newcastlemax dry bulk carriers, with revenue tied to vessel operations and conditions in large-vessel commodity shipping markets.
Recurring Seanergy news covers quarterly and annual financial results, cash dividend declarations, vessel sales and acquisitions, newbuilding agreements, fleet renewal actions, charter-market commentary, annual report availability, and capital-structure updates such as warrant expirations.
Seanergy Maritime announced the delivery of its Capesize vessel, M/V Dukeship, on November 26, 2021. The vessel, built in 2010, will begin a time charter (T/C) employment with NYK for approximately 13 to 18 months. This marks the seventh vessel delivery in 2021, expanding Seanergy's fleet to 17 Capesize vessels with over 3 million dwt capacity. Additionally, Seanergy closed a $16.85 million sustainability-linked loan with Piraeus Bank, underscoring its commitment to ESG goals.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reported exceptional financial results for Q3 2021, with gross revenues soaring to $50 million, a 146% year-over-year increase. Net income surged to $20.1 million, marking a 459% rise from Q3 2020. For the nine-month period, revenue reached $100 million, up 130%, with an adjusted EBITDA of $51.4 million, a significant jump of 602%. The company expanded its fleet by acquiring seven modern Capesize vessels, boosting its total fleet capacity by 55%. TCE for Q3 was $30,764, reflecting a 90% year-over-year growth.
Seanergy Maritime Holdings Corp. has set the date for its third quarter and nine months financial results, scheduled for release on November 2, 2021, before the market opens in New York. The company will conduct a conference call at 10:00 a.m. ET on the same day to discuss these results. Seanergy operates a fleet of 17 Capesize vessels, with an average age of 11.5 years and a cargo carrying capacity of 3,011,083 dwt. The company is publicly listed under the symbol SHIP.
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Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced the acquisition of its 17th Capesize vessel, the M/V Dukeship, for $34.3 million, to be funded with cash on hand. The 2010-built vessel has a cargo capacity of approximately 181,500 dwt and is expected to deliver by November 2021. This acquisition follows the sale of the oldest vessel, M/V Leadership. With this addition, the fleet's total capacity will exceed 3 million dwt, and the company anticipates immediate revenue generation due to favorable market conditions, with Capesize rates exceeding $60,000 per day.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced that its Chairman and CEO, Stamatis Tsantanis, will present at the 20th Annual Marine Money Week Asia, the largest ship finance conference in Asia. The virtual panel, titled “Dry Bulk Frenzy – How long and how high?”, is scheduled for September 15, 2021, at 15:00 Singapore time. Seanergy operates a fleet of 16 Capesize vessels, with an average age of 11.5 years and a total cargo capacity of approximately 2,829,630 dwt.
Seanergy Maritime Holdings (NASDAQ: SHIP) announced participation in the H.C. Wainwright 23rd Annual Global Investment Conference. CEO Stamatis Tsantanis and CFO Stavros Gyftakis will present and answer questions. The event starts at 7:00 am EST on September 13, 2021, with on-demand access to the presentation. The company operates a fleet of 16 Capesize vessels with an average age of 11.5 years, totaling approximately 2,829,630 dwt. Virtual meetings with institutional investors will also occur on September 13-14. For more information, visit seanergymaritime.com.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced the delivery of its 17th Capesize vessel, the M/V Worldship, a 181,415 dwt carrier built in 2012. The vessel has entered a time charter at a gross rate of $31,750 per day for 12 to 16 months. This acquisition is financed primarily through cash, with additional funding discussions ongoing. Following this delivery, 94% of Seanergy's fleet will be employed under period charters, enhancing its position in the robust Capesize market, which has seen daily rates exceed $45,000.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced its participation in the Noble Capital Markets Virtual Road Show Series on September 9, 2021. The event will feature a corporate presentation by CEO Stamatis Tsantanis and CFO Stavros Gyftakis, along with a Q&A session. Seanergy is the only pure-play Capesize ship-owner publicly listed in the US, operating a fleet of 16 vessels with an average age of 11.5 years and a carrying capacity of approximately 2,829,630 dwt. The registration for the road show is free for all investors.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced a share repurchase plan allowing the repurchase of up to $17 million of outstanding shares, about 10% of its market capitalization as of August 10, 2021. The company aims to enhance shareholder value by utilizing its strong balance sheet and cash flow from its fleet. The buyback may occur in open-market transactions under applicable SEC rules and is effective immediately, expiring on December 31, 2022.