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Athens, Greece - September 29, 2016 Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ:SHIP) announced today that it has entered into agreements with an unaffiliated third party for the purchase of two secondhand Capesize vessels, each with a cargo-carrying capacity of approximately 180,000 deadweight tons (“DWT”). The vessels were both built in 2010 at Hyundai Heavy Industries in South Korea. The vessels are expected to be delivered between mid-November 2016 and early January 2017, subject to the satisfaction of certain customary closing conditions. The Company expects to fund the gross purchase price of $20.75 million per vessel by secured loans from financial institutions and financing arrangements with the Company’s sponsor. 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 a modern fleet of eight dry bulk carriers, six Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1.1 million DWT and an average fleet age of about 7.8 years. The Company's common stock trades on the NASDAQ Capital Market under the symbol “SHIP.” Seanergy Maritime Corp. press release |
