Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today the delivery of two previously-announced Capesize vessel acquisitions. The first vessel is a 181,709 dwt Capesize bulk carrier, built in 2010 by Imabari Shipbuilding Co., Ltd. in Japan, which was renamed M/V Patriotship, and the second is a 176,925 dwt Capesize bulk carrier, built in 2006 by Namura Shipbuilding Co., Ltd. in Japan, which was renamed M/V Tradership (the “Vessels”).
Taking advantage of the strong market conditions, Seanergy fixed the M/V Patriotship proactively at $31,000 per day for a period employment of 12 to 18 months with a major European cargo operator. Additionally, the M/V Tradership has been fixed for a period employment of 11 to 15 months with a major South Korean industrial company at an index-linked rate based on the Baltic Capesize Index. Both time charters are expected to commence promptly, upon finalization of the customary handover process.
Moreover, the Company is in advanced discussions with a leading Asian financial institution to finance part of the acquisition price of the M/V Patriotship through a sale and leaseback structure at competitive terms.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“I am pleased to announce the timely delivery of our fourteenth and fifteenth Capesize vessels and the immediate commencement of their respective period employments.
We are also excited to initiate business relationships with two additional reputable charterers. Including these deliveries, 87% of our operating fleet is employed under advantageous medium to long-term charters.
At the financing front, we have secured competitively-priced financings for our recent vessel acquisitions, as previously announced, which will further enhance our strong liquidity position and reduce the Company’s average cash interest expense.
We believe Seanergy is optimally positioned to take advantage of the rising market conditions.”
Company fleet on a fully delivered basis:
Vessel Name
Vessel Size Class
Capacity (DWT)
Year Built
Yard
Scrubber Fitted
Employment Type
Partnership
Capesize
179,213
2012
Hyundai
Yes
T/C Index Linked
Championship
Capesize
179,238
2011
Sungdong
Yes
T/C Index Linked
Lordship
Capesize
178,838
2010
Hyundai
Yes
T/C Index Linked
Premiership
Capesize
170,024
2010
Sungdong
Yes
T/C Index Linked
Squireship
Capesize
170,018
2010
Sungdong
Yes
T/C Index Linked
Knightship
Capesize
178,978
2010
Hyundai
Yes
T/C Index Linked
Gloriuship
Capesize
171,314
2004
Hyundai
No
T/C Index Linked
Fellowship
Capesize
179,701
2010
Daewoo
No
T/C Index Linked
Geniuship
Capesize
170,058
2010
Sungdong
No
T/C Index Linked
Hellasship
Capesize
181,325
2012
Imabari
No
T/C Index Linked
Flagship
Capesize
176,387
2013
Mitsui Engineering
No
T/C Index Linked
Patriotship
Capesize
181,709
2010
Saijo – Imabari
Yes
T/C Fixed Rate -$31,000/day
Tradership
Capesize
176,925
2006
Namura Shipbuilding
No
T/C Index Linked
Leadership
Capesize
171,199
2001
Koyo – Imabari
No
Voyage/Spot
Goodship
Capesize
177,536
2005
Mitsui Engineering
No
Voyage/Spot
Worldship *
Capesize
181,415
2012
Japanese Shipyard
Yes
N/A
Total / Average age
2,823,878
11.8
* Delivery expected within August 2021
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. On a fully-delivered basis, the Company’s operating fleet will consist of 16 Capesize vessels with an average age of 11.8 years and aggregate cargo carrying capacity of approximately 2,823,878 dwt.
The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.
Στις 17 Ιανουαρίου, το stage του Black Temple υποδέχεται μια σειρά από ελληνικές μπάντες, που θα ερμηνεύσουν μερικές από τις μεγαλύτερες επιτυχίες του David Bowie - ενώ τα decks θα αναλάβει ο Δημήτρης Παπασπυρόπουλος.
Η παράσταση Ήμερη – Η Ανατομία μιας Πτώσης, εμπνευσμένη από το έργο, τη ζωή και τη φιλοσοφία του κορυφαίου Ρώσου συγγραφέα, επιχειρεί μια σύγχρονη, εσωτερική ανάγνωση πάνω στην έννοια της πτώσης — σωματικής, ηθικής και υπαρξιακής.
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