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12/08/2015Press Releases

SEANERGY MARITIME HOLDINGS CORP. ANNOUNCES DELIVERY OF THE REMAINING CAPESIZE VESSEL & COMPLETION OF THE ACQUISITION OF SEVEN DRY BULK VESSELS

"We are very pleased to announce the delivery of the M/V Championship that marks the completion of our delivery schedule under the purchase agreement to acquire seven secondhand dry bulk vessels. In less than four months we managed to significantly increase our fleet size from one to eight vessels with a carrying capacity in excess of 1.1 million DWT. At the current depressed levels of the drybulk market, we strongly believe that our fleet expansion represents a unique opportunity to participate in a market recovery. Our acquisition cost, which is among the lowest of our peers, together with our financing arrangements provide significant potential for our investors. We will continue to cautiously pursue acquisition opportunities that we believe can further enhance value for our shareholders.”
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