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02/09/2012Press Releases

SEANERGY MARITIME HOLDINGS CORP. ANNOUNCES SALE OF HANDYMAX VESSEL

Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has signed a Memorandum of Agreement with an unaffiliated third party for the sale of its Handymax dry bulk carrier, the African Zebra for a gross price of $4.1 million. The vessel is expected to be delivered to its new owners mid-February 2012. The African Zebra is a 38,632 dwt Handymax bulk carrier built in 1985 and the Company plans to use the proceeds to reduce debt. The sale will result in a book loss of approximately $2.4 million...
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