Seanergy On the Brink, Executives Resign

Dry bulk shippiner, Seanergy Maritime (NASDAQ:SHIP) reported another dismal 2nd half today with net losses of $13.7 million reflecting 20 percent lower time charter rates and lower fleet utilization due to dry docking periods. During the same period last year, Seanergy recorded losses of $34.7 million, however their fleet size at the time averaged 18.8 vessels, as compared … [Read more...]

Seanergy’s Fleet Continues to Shrink, 4 More Bulk Carriers Sold

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) announced today that its subsidiary, Maritime Capital Shipping (MCS), has sold its ownership interest in four subsidiaries which together, own the Handysize dry bulk carriers M/V Fiesta, M/V Pacific Fantasy, M/V Pacific Fighter and M/V Clipper Freeway. The buyer was not listed in the release by Seanergy. This deal comes less … [Read more...]

Seanergy Maritime Sells Bulk Energy Transport

Athens, Greece - Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) announced today that it has completed the previously announced sale of its 100% ownership interest in Bulk Energy Transport (Holdings) Limited (BET) and its pair of Capesize bulk carriers. The buyer, I.M.I. Holdings Corp., is an affiliate of members of the Restis family, the major shareholders of Seanergy … [Read more...]

Seanergy’s Fleet Continues to Dwindle with Sale of Panamax Bulk Carrier

In a move to reduce the company's debt, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) announced today they have sold one of their 69,235 dwt Panamax bulk carriers, the BET Intruder, at a gross price of USD $4.8 million. The vessel was delivered to its new owners on October 29, 2012. Following the completion of sale of the BET Intruder, the Company's fleet consists of two … [Read more...]

Destined for Immediate Demolition, Seanergy Sells Capesize Bulker

In a move to reduce debt, and to the overall benefit of the struggling dry bulk industry, Seanergy Maritime Holdings Corp (NASDAQ: SHIP) announced today that the BET Fighter, a 173,149 dwt Capesize drybulk vessel, has been sold and will be subsequently scrapped. The BET Fighter was built in 1992 at a gross price of US$9,107,455 and was delivered to its new owners … [Read more...]