Seanergy Maritime Holdings Corp. Announces
Sale Of Capesize Vessel

July 17, 2012 - Athens, Greece

Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today the sale of the BET Fighter, a 173,149 dwt Capesize drybulk vessel, built in 1992 at a gross price of US$9,107,455. The vessel was sold for demolition and was delivered to its new owners yesterday. The Company used the proceeds to reduce debt.

Following the completion of sale of the BET Fighter, the Company's fleet consists of ten Handysize, two Supramax, three Panamax and two Capesize dry bulk carriers with an average age of 13.6 years.

About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its executive offices in Athens, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers.

The Company’s current fleet consists of 17 dry-bulk carriers (ten Handysize, two Supramax, three Panamax and two Capesize vessels) with a total carrying capacity of approximately 919,914 dwt and an average fleet age of 13.6 years. The Company's common stock trades on the NASDAQ Global Market under the symbol “SHIP.”

Seanergy Maritime Corp. press release