Seanergy Maritime Holdings Corp. Provides Update on the Capesize Vessel Bet Fighter
August 17 2010 - 12:00PM
Marketwired
Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP)
(NASDAQ: SHIPW) announced today that the MV Bet Fighter, a 1992
built, 173,149 dwt Capesize vessel, was boarded by pirates off
Singapore, on August 17, while en route to China. Currently the
vessel is continuing with her voyage with no disruption. During
this incident the pirates did not seize the vessel or any of its
crew members and left of their own accord.
Dale Ploughman, the Company's Chairman and
Chief Executive Officer, stated: "We are pleased that the crew
members are safe and that there was no damage to the vessel.
Unfortunately piracy is a real concern in some parts of the world
and we are fortunate to escape without incident to the MV BET
Fighter."
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp., the successor to Seanergy
Maritime Corp., is a Marshall Islands corporation with its
executive offices in Athens, Greece. The Company is engaged in the
transportation of dry bulk cargoes through the ownership and
operation of dry bulk carriers.
The Company's initial fleet comprised two Panamax, two Supramax,
one Handymax and one Handysize dry bulk carriers that Seanergy
purchased and took delivery of in the third and fourth quarters of
2008 from companies associated with members of the Restis family.
In August 2009, the Company acquired a controlling interest in Bulk
Energy Transport (Holdings) Limited, which owns four Capesize and
one Panamax dry bulk carriers. In May 2010, the Company acquired a
controlling interest in Maritime Capital Shipping Limited, which
owns nine Handysize dry bulk carriers.
The Company's current controlled fleet includes 20 drybulk
carriers (four Capesize, three Panamax, two Supramax and one
Handymax and 10 Handysize vessels) with a total carrying capacity
of approximately 1,292,544 dwt and an average fleet age of 12.8
years.
The Company's common stock and warrants trade on the NASDAQ
Global Market under the symbols "SHIP" and "SHIP.W",
respectively.
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 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
Securities and Exchange Commission ("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 SEC. The Company's filings can be
obtained free of charge on the SEC's website at www.sec.gov. 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
Holdings Corp. Dale Ploughman - Chief Executive Officer
Christina Anagnostara - Chief Financial Officer Tel: +30 210
9638461 E-mail: ir@seanergymaritime.com 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
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