Seanergy Maritime Holdings Corp. Successfully Completes Fleet Compliance Evaluation for the Upcoming Greenhouse Gas Regulatio...
February 09 2021 - 9:00AM
Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”)
(NASDAQ: SHIP) announced today that it has successfully completed
the evaluation of the Energy Efficiency Existing Ship Index
(“EEXI”) of its Capesize vessels.
IMO is targeting a 50% reduction in Greenhouse
Gas (“GHG”) emissions from international shipping by 2050, compared
to the 2008 levels. This will be achieved by implementing
short-term, mid-term and long-term measures. As part of the
short-term measures, IMO’s Marine Environment Protection Committee
(“MEPC”) 75 approved in November 2020 amendments to MARPOL Annex
VI, introducing an Energy Efficiency Design Index for existing
vessels.
In cooperation with prominent classification
society DNV, Seanergy has completed the evaluation of the EEXI in
accordance with IMO’s MEPC 75. Pursuant to the results of the
evaluation, the Company expects that its existing fleet will remain
compliant with applicable GHG regulatory requirements until 2030
with no material cost for the Company.
Stamatis Tsantanis, the Company’s
Chairman & Chief Executive Officer, stated:
“We are very pleased with the outcome of the
evaluation of our high-quality fleet, which was done in cooperation
with a leading classification society. Seanergy has always been at
the forefront of all environmental and regulatory developments in
our sector. We maintain our position that the shipping community in
cooperation with our charterers should be focusing on improving the
energy efficiency and carbon footprint of the existing fleet. This
can lead to meaningful GHG emissions reduction.
We hereby reiterate our strong commitment to our
ESG agenda and a greener shipping industry.”
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 fleet of
11 Capesize vessels with an average age of about 12 years and
aggregate cargo carrying capacity of approximately 1,926,117 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 ability to continue as a going
concern; 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, 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:
Capital Link, Inc.Daniela Guerrero230 Park
Avenue Suite 1536New York, NY 10169Tel: (212) 661-7566E-mail:
seanergy@capitallink.com
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