Seanergy Takes Delivery of Its Fourth Vessel
11 September 2008 - 3:04PM
Marketwired
Seanergy Maritime Corp. (AMEX: SRG) (AMEX: SRG.U) (AMEX: SRG.W)
announced today that it has completed the acquisition pursuant to
the Master Agreement dated May 20, 2008, and took delivery of,
through its wholly owned subsidiary, Seanergy Maritime Holdings
Corp., and its designated nominees, the M/V Bremen Max, a 1993
built, Panamax vessel with a capacity of 73,503 dwt. The vessel is
chartered at the rate of $65,000 per day until on or about
September 2009 to South African Marine Corporation, an affiliate of
the Restis family.
Dale Ploughman, the Company's Chief Executive Officer stated:
"We are pleased to have taken delivery of our fourth vessel the M/V
Bremen Max as scheduled. This is the first of two Panamax vessels
we agreed to acquire. I would like to add that the current
volatility in the dry bulk market has no direct effect on Seanergy.
This is because all six of our vessels, the four currently in the
water and the two we expect to take delivery of in September and
October 2008 are secured under fixed time charter employment until
September 2009 at strong rates."
The Seanergy fleet profile is as follows:
Time
Vessel Capacity Year TCE Charter
Vessel Name* Class (dwt) Built Delivery Date Rate Expiry
---------- -------- -------- ------------- ------ --------
M/V Bremen Max Panamax 73,503 1993 Sept.11, 2008 65,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V Davakis G. Supramax 54,000 2008 Aug. 28, 2008 60,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V Delos Ranger Supramax 54,000 2008 Aug. 28, 2008 60,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V African Oryx Handysize 24,110 1997 Aug. 28, 2008 30,000 Sept.-09
---------- -------- -------- ------------- ------ --------
Vessels to be
delivered
M/V Hamburg Max Panamax 73,498 1994 End Sept.-08 65,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V African
Zebra Handysize 38,632 1985 End Oct.-08 36,000 Sept.-09
---------- -------- -------- ------------- ------ --------
Total/Average 317,743 10.5 yrs 52,667
---------- -------- -------- ------------- ------ --------
About Seanergy Maritime Corp.
Seanergy Maritime is a Marshall Islands corporation with its
principal offices in Athens, Greece. Seanergy was initially formed
for the specific purpose of acquiring a business in the shipping
industry. Pursuant to the Master Agreement dated May 20, 2008,
Seanergy agreed to purchase, six dry bulk carriers, which include
two 2008 built vessels, from companies associated with members of
the Restis family. Following the acquisition of its first four dry
bulk vessels, its current fleet consists of one Panamax vessel, two
Supramax vessels and one Handysize vessel with a total dwt capacity
of 205,613. The Company expects to take delivery of one Panamax
vessel and one Handysize vessel between September 2008 and October
2008. Upon delivery of these vessels, its fleet will be comprised
two Panamax, two Supramax and two Handysize dry bulk carriers with
a combined cargo-carrying capacity of 317,743 dwt and an average
fleet age of approximately 10.5 years.
Seanergy's common stock, warrants and units trade on the America
Stock Exchange under the symbols SRG, SRG.W, and SRG.U,
respectively. Risks and uncertainties are described in reports
filed by Seanergy Maritime Corp. with the U.S. Securities Exchange
Commission, which can be obtained free of charge on the SEC's
website at www.sec.gov.
For further information please visit our 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 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 the expectations reflected in such
forward-looking statements are reasonable, no assurance can be
given 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
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 Securities and
Exchange Commission. 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 Corp.
c/o Vgenopoulos & Partners Law Firm 15 Filikis Eterias Square
Athens, 106 73 Greece Tel: 30 210 7206900 E-mail: mail@vplaw.gr
Financial Information: Alexis Komninos Chief Financial Officer Tel:
30 210 3726200 E-mail: Kalexis@Komninos.gr Investor Relations /
Media: Capital Link, Inc. Paul Lampoutis 230 Park Avenue Suite 1536
New York, NY 10169 Tel. (212) 661-7566 E-mail:
seanergy@capitallink.com
Seanergy Maritime Corp (AMEX:SRG.U)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Seanergy Maritime Corp (AMEX:SRG.U)
Historical Stock Chart
Von Jun 2023 bis Jun 2024