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Athens, Greece - October 21, 2015 Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP), a shipping company specializing in the ownership and operation of dry bulk vessels, announced today that it took delivery of a 170,057 dwt Capesize dry bulk vessel, which has been renamed to M/V Geniuship, and a 56,884 dwt Supramax dry bulk vessel, which has been renamed to M/V Guardianship. Both the M/V Geniuship, which was built in 2010 by Sungdong SB, and the M/V Guardianship, which was built in 2011 by CSC Jinling Shipyard, will be employed in the spot market. The acquisition cost of the M/V Geniuship and the M/V Guardianship has been funded by senior secured loan agreements with international financial institutions and by a funding arrangement with the Company’s sponsor. As previously announced, the M/V Geniuship and the M/V Guardianship are the third and the fourth, respectively, of seven modern secondhand dry bulk vessels that the Company has agreed to acquire for a gross purchase price of approximately $183 million. The acquisition of the remaining three vessels is expected to be completed by November 30, 2015. About Seanergy Maritime Holdings Corp. Seanergy Maritime Holdings Corp. is an international provider of marine dry bulk shipping services through the ownership and operation of dry bulk vessels. The Company is registered in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company currently owns three Capesize and two Supramax vessels and following the anticipated completion of the acquisition of the remaining vessels, the Company will have a modern fleet of a total of eight dry bulk carriers, six Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,145,553 DWT and an average fleet age of about 7.1 years. The Company's common stock trades on the Nasdaq Capital Market under the symbol “SHIP.” Seanergy Maritime Corp. press release |
