Seanergy Maritime Holdings Corp. Announces Release of Its Environmental, Social and Governance Report

Rhea-AI Summary

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) released its Environmental, Social and Governance (ESG) Report for the year ending December 31, 2021. This report outlines the company's policies concerning ESG commitments, adhering to the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board. A newly formed Sustainability Committee, comprising two independent directors, will guide the Board on ESG matters. Seanergy operates a fleet of 17 modern Capesize vessels with a total cargo capacity of approximately 3,020,012 dwt.

Positive

• Establishment of a Sustainability Committee with independent directors to enhance ESG governance.
• Release of the ESG Report reflecting the company's commitment to sustainability and accountability.

Negative

• None.

GLYFADA, Greece, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today the release of its Environmental, Social and Governance Report (the “ESG Report”), for the year ended December 31, 2021.

The ESG Report provides an overview of Seanergy’s policies relating to environmental, social and governance commitments of the Company and has been developed in accordance with the Global Reporting Initiative Standards (GRI) and the Sustainability Accounting Standards Board (SASB). Seanergy’s Board of Directors has also recently established a Sustainability Committee, consisting of two independent directors. Its main aim is to assist the Board going forward in providing advice and making recommendations on the Company’s environmental, social and governance matters.

The ESG Report is available on Seanergy’s website at www.seanergymaritime.com/en/sustainability

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the U.S. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. The Company's operating fleet consists of 17 Capesize vessels with an average age of approximately 12.5 years and aggregate cargo carrying capacity of approximately 3,020,012 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”.

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; broader market impacts arising from war (or threatened war) or international hostilities, such as between Russia and Ukraine; 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.
Paul Lampoutis
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com 

FAQ

What is the purpose of Seanergy's ESG Report released on December 22, 2022?

The ESG Report outlines Seanergy Maritime's environmental, social, and governance commitments for 2021, highlighting its policies and compliance with recognized standards.

What major change did Seanergy Maritime announce regarding its governance structure?

Seanergy established a Sustainability Committee composed of two independent directors to oversee ESG matters.

How many Capesize vessels does Seanergy operate?

Seanergy Maritime operates a fleet of 17 Capesize vessels with a total cargo capacity of approximately 3,020,012 dwt.

Where can I find Seanergy's ESG Report?

The ESG Report is available on Seanergy's official website under the sustainability section.

What stock symbol does Seanergy Maritime Holdings Corp. trade under?

Seanergy Maritime Holdings Corp. trades under the stock symbol 'SHIP' on the NASDAQ.