Seanergy Maritime Holdings Corp. Announces Sale of Panamax Vessel
ATHENS, GREECE -- (Marketwire) -- 10/31/12 -- Seanergy Maritime
Holdings Corp. (the "Company") (NASDAQ: SHIP) announced today the
sale of the BET Intruder, a 69,235 dwt Panamax drybulk vessel, built
in 1993, at a gross price of US$4.8 million. The vessel was delivered
to its new owners on October 29, 2012. The Company used the sale
proceeds to reduce debt.
Following the completion of sale of the BET Intruder, the Company's
fleet consists of two Capesize, two Panamax, two Supramax and nine
Handysize dry bulk carriers with an average age of 14.1 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 15 dry-bulk carriers (two
Capesize, two Panamax, two Supramax, and nine Handysize vessels) with
a total carrying capacity of approximately 812,131 dwt and an average
fleet age of 14.1 years.
The Company's common stock trades on the NASDAQ Global Market under
the symbol "SHIP".
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended) concerning
future events and the Company's growth strategy and measures to
implement such strategy. Words such as "expects," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations of
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that such
expectations will prove to have been correct, these statements
involve known and unknown risks and are based upon a number of
assumptions and estimates, which are inherently subject to
significant uncertainties and contingencies, many of which are beyond
the control of the Company. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially include,
but are not limited to, the scope and timing of Securities and
Exchange Commission ("SEC") and other regulatory agency review,
competitive factors in the market in which the Company operates;
risks associated with operations outside the United States; and other
factors listed from time to time in the Company's filings with the
SEC. The Company's filings can be obtained free of charge on the
SEC's website at www.sec.gov. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect thereto
or any change in events, conditions or circumstances on which any
statement is based.
For further information please contact:
Seanergy Maritime Holdings Corp.
Chief Executive Officer
Tel: +30 213 0181507
Investor Relations / Media
Capital Link, Inc.
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
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