SEANERGY MARITIM Stock Price, News & Analysis

Seanergy Maritime Holdings (NASDAQ: SHIP) has scheduled its second quarter and six months 2025 financial results announcement for Tuesday, August 5, 2025, before the New York market opens.

The company will host a conference call and webcast with senior management on the same day at 9:00 a.m. Eastern Time to discuss the results. Investors can access the live webcast and accompanying presentation through Seanergy's website under the Webcast & Presentations section of their Investor Relations page. Participants are advised to register approximately 10 minutes before the webcast begins.

Seanergy Maritime (NASDAQ: SHIP) reported its Q1 2025 financial results and declared a $0.05 per share quarterly dividend. The company's net revenues decreased to $24.2M from $38.3M in Q1 2024, with a net loss of $6.8M compared to a net income of $10.2M in the prior year. The fleet achieved a daily TCE of $13,403, outperforming the Baltic Capesize Index by 3%. The company completed $88.1M in new financings and refinancings, maintaining an LTV below 50%. The fleet expanded to 21 vessels with two new Japanese vessel deliveries. For Q2 2025, approximately 39% of fleet days are fixed at ~$22,700 daily rate. The company has secured about one-third of operating days until year-end at rates exceeding $22,000. This marks the company's 14th consecutive quarterly dividend, with cumulative cash dividends totaling $43.1M.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 27, 2025, before the New York market opens. The company will host a conference call and webcast with senior management on the same day at 09:00 a.m. Eastern Time to discuss the results.

Interested participants can access the live webcast through Seanergy's website under the Webcast & Presentations section of their Investor Relations page. Attendees are advised to register approximately 10 minutes before the webcast begins. The webcast will also be archived for later viewing.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has announced plans to conduct fixed income investor meetings in the Nordic bond market starting March 28, 2025. The meetings, arranged through Norwegian investment banks, may lead to a four-year USD denominated senior unsecured bond issue.

The potential bond issuance is subject to market conditions, with net proceeds intended for general corporate purposes, including possible debt refinancing or vessel acquisitions. The senior unsecured bonds would be available to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons internationally under Regulation S of the Securities Act.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report is now accessible through the company's website at www.seanergymaritime.com in the 'Investor Relations' section under 'Financial Reports'.

Seanergy Maritime (NASDAQ: SHIP) reported record full-year profitability of $43.5 million for 2024, with Q4 net revenues of $41.7 million, up 6% year-over-year. The company's fleet TCE outperformed the Baltic Capesize Index by 27% in Q4 and 11% in FY 2024.

Key financial highlights include:

• Q4 2024 Adjusted EBITDA: $20.4 million
• Q4 2024 Net Income: $6.6 million
• FY 2024 Net Revenues: $167.5 million (52% increase)
• Daily TCE rate Q4 2024: $23,179

The company declared a quarterly dividend of $0.10 per share for Q4 2024, with total cash dividends of $0.76 per share for FY 2024. Strategic developments include $2.1 million in stock buybacks, delivery of two Japanese vessels (M/V Meiship and M/V Blueship), and securing a $53.6 million sustainability-linked loan facility.

Seanergy Maritime Holdings (NASDAQ: SHIP) has scheduled its Q4 and full-year 2024 financial results release for Thursday, March 6, 2025, before the New York market opens. The company will host a conference call and webcast on the same day at 09:00 a.m. Eastern Time to discuss the results.

Management will conduct a live webcast with accompanying slides, accessible through the company's website under the Webcast & Presentations section of their Investor Relations page. Interested participants should register approximately 10 minutes before the webcast begins.

Seanergy Maritime Holdings (NASDAQ: SHIP) has announced agreements to acquire two Japanese vessels for approximately $69.0 million. The first vessel is a 207,851 dwt Newcastlemax built in 2013 at Imabari Shipbuilding, to be renamed 'Meiship'. The second is a 178,459 dwt Capesize vessel built in 2011 at Mitsui SB, to be renamed 'Blueship', acquired through a 6-month bareboat charter with a purchase obligation.

For the Capesize vessel, Seanergy has made a $4.0 million down payment and will pay another $4.0 million upon delivery, plus a daily bareboat rate of $9,750. At the charter's end, there's a $22.5 million purchase obligation. Both vessels are expected to be delivered in Q1 2025, with funding through cash and credit facilities. The acquisitions will expand Seanergy's fleet to 21 vessels with 3.8 million dwt total capacity.

Seanergy Maritime reported strong Q3 2024 financial results with net revenues of $44.4 million, an 81% increase from Q3 2023. The company achieved a net income of $12.5 million compared to a net loss of $5.0 million in Q3 2023. The daily TCE rate reached $26,529, outperforming the Baltic Capesize Index by 7%. The company declared a quarterly cash dividend of $0.26 per share, representing an 11.1% annualized yield. For the nine months ended September 30, 2024, net revenues were $125.8 million with a record net income of $36.8 million.