Seanergy Takes Delivery of its 17th Capesize, M/V Worldship, with Immediate Commencement of Period Charter
September 08 2021 - 9:00AM
Seanergy
Takes Delivery of its
17th
Capesize, M/V
Worldship,with
Immediate Commencement of Period
Charter
September
8, 2021
- Glyfada,
Greece - Seanergy Maritime Holdings Corp. (the “Company”
or “Seanergy”) (NASDAQ: SHIP) announced today that it took delivery
of the previously-announced Capesize vessel acquisition, the M/V
Worldship (the “Vessel”). The Vessel is a 181,415 dwt Capesize bulk
carrier, built in 2012 by Imabari of Japan. The M/V Worldship is
the sixth Capesize delivery that Seanergy has successfully
completed in 2021 to-date.
M/V Worldship has already entered a time charter
(“T/C”) with an existing charterer of the Company, at a gross fixed
rate of $31,750 per day for a period of about 12 to about 16 months
from the delivery.
The purchase price has been funded with cash on
hand, while Seanergy is in advanced discussions with a leading bank
for financing part of the acquisition cost at competitive
terms.
Stamatis Tsantanis, the
Company’s Chairman & Chief Executive Officer,
stated:
“I am pleased to announce the addition of the
seventeenth Capesize vessel to our fleet and the concurrent
commencement of her period employment. Including this delivery and
the sale of the M/V Leadership, 94% percent of our fleet is
employed under period time charters, 87% of which are index-linked
T/Cs. This allows us to fully utilize our fleet in order to
capitalize on the robust market rates.
We are excited to see the strongest Capesize
market of the last 11 years, with daily rates exceeding $45,000,
which affirms our commercial strategy.
Based on the prevailing Capesize supply-demand
fundamentals, we remain confident about the prospects of our market
for the years to come.”
Company
fleet,
following the delivery of M/V Leadership to the new
owners:
Vessel Name |
Vessel Class |
Capacity (DWT) |
Year Built |
Yard |
Employment |
Patriotship |
Capesize |
181,709 |
2010 |
Imabari |
T/C – fixed rate |
Worldship |
Capesize |
181,415 |
2012 |
Koyo - Imabari |
T/C – fixed rate |
Hellasship |
Capesize |
181,325 |
2012 |
Imabari |
T/C Index Linked |
Fellowship |
Capesize |
179,701 |
2010 |
Daewoo |
T/C Index Linked |
Championship |
Capesize |
179,238 |
2011 |
Sungdong SB |
T/C Index Linked |
Partnership |
Capesize |
179,213 |
2012 |
Hyundai |
T/C Index Linked |
Knightship |
Capesize |
178,978 |
2010 |
Hyundai |
T/C Index Linked |
Lordship |
Capesize |
178,838 |
2010 |
Hyundai |
T/C Index Linked |
Goodship |
Capesize |
177,536 |
2005 |
Mitsui |
Voyage/Spot |
Friendship |
Capesize |
176,952 |
2009 |
Namura |
T/C Index Linked |
Tradership |
Capesize |
176,925 |
2006 |
Namura |
T/C Index Linked |
Flagship |
Capesize |
176,387 |
2013 |
Mitsui |
T/C Index Linked |
Gloriuship |
Capesize |
171,314 |
2004 |
Hyundai |
T/C Index Linked |
Geniuship |
Capesize |
170,057 |
2010 |
Sungdong SB |
T/C Index Linked |
Premiership |
Capesize |
170,024 |
2010 |
Sungdong SB |
T/C Index Linked |
Squireship |
Capesize |
170,018 |
2010 |
Sungdong SB |
T/C Index Linked |
Total / Average age |
|
2,829,630 |
11.5 |
|
|
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. Following the delivery of M/V Leadership
to the new owners, the Company's operating fleet will consist of 16
Capesize vessels with an average age of 11.5 years and aggregate
cargo carrying capacity of approximately 2,829,630 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”.
Please visit our company website at:
www.seanergymaritime.com.
Forward-Looking Statements
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. Words such as "may",
"should", "expects", "intends", "plans", "believes", "anticipates",
"hopes", "estimates" and variations of such words and similar
expressions are intended to identify forward-looking statements.
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 Company's operating
or financial results; the Company's liquidity, including its
ability to service its indebtedness; competitive factors in the
market in which the Company operates; shipping industry trends,
including charter rates, vessel values and factors affecting vessel
supply and demand; future, pending or recent acquisitions and
dispositions, business strategy, areas of possible expansion or
contraction, and expected capital spending or operating expenses;
risks associated with operations outside the United States; risks
associated with the length and severity of the ongoing novel
coronavirus (COVID-19) outbreak, including its effects on demand
for dry bulk products and the transportation thereof; and other
factors listed from time to time in the Company's filings with the
SEC, including its most recent annual report on Form 20-F. The
Company's filings can be obtained free of charge on the SEC's
website at www.sec.gov. Except to the extent required by law, 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 Investor RelationsTel: +30 213 0181 522E-mail:
ir@seanergy.gr
Capital Link, Inc.Daniela Guerrero230 Park Avenue Suite 1536Tel:
(212) 661-7566E-mail: seanergy@capitallink.com
- SHIP PR_Worldship delivery
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