Seanergy Maritime Holdings Corp. Announces Availability of its 2020 Annual Report on Form 20-F

Rhea-AI Summary

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020. The report is accessible on the Company's website under the 'Investor Relations' section. Seanergy is a pure-play Capesize ship-owner, operating a modern fleet of 15 Capesize vessels with an average age of 11.9 years and a total cargo capacity of approximately 2,642,463 dwt. The Company is incorporated in the Marshall Islands and operates from Glyfada, Greece.

Positive

• Filing of the Annual Report on Form 20-F strengthens transparency.
• Plans to acquire additional vessels, expanding fleet size to 15.
• Total cargo capacity of 2,642,463 dwt positions the Company competitively.

Negative

• None.

GLYFADA, Greece, April 01, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2020 (the “Annual Report on Form 20-F”) has been filed with U.S. Securities and Exchange Commission. The Annual Report on Form 20-F may also be accessed through the Company’s website, www.seanergymaritime.com, at the “Investor Relations” section under “Financial Reports”.

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. Upon delivery of vessels which the Company has recently agreed to acquire, the Company's operating fleet will consist of 15 Capesize vessels with an average age of 11.9 years and aggregate cargo carrying capacity of approximately 2,642,463 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 Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com

FAQ

When was Seanergy Maritime's Annual Report filed?

Seanergy Maritime's Annual Report on Form 20-F was filed on April 1, 2021.

What is the cargo carrying capacity of Seanergy Maritime's fleet?

Seanergy Maritime's fleet has a total cargo carrying capacity of approximately 2,642,463 dwt.

How many vessels does Seanergy Maritime currently operate?

Seanergy Maritime operates a fleet of 15 Capesize vessels.

What is the significance of the Form 20-F filing for SHIP shareholders?

The Form 20-F filing enhances financial transparency and provides essential insights into the Company's performance and strategy.

What is the average age of the vessels in Seanergy's fleet?

The average age of the vessels in Seanergy's fleet is 11.9 years.