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Seanergy Maritime Holdings Corp. Announces Fleet Commercial Guidance and Other Shareholder Updates
ATHENS, Greece, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) (“Seanergy” or the “Company”) announced today its third
About this update from Seanergy Maritime Holdings Corp.
[{"type":"text","content":"ATHENS, Greece, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) (“Seanergy” or the “Company”) announced today its third quarter 2020 commercial guidance and update on the purchase of shares by its Chairman and CEO.\n Fleet commercial update and Third Quarter 2020 TCE Guidance As of today, approximately 94% of our fleet operating days in the third quarter have been fixed at a time charter equivalent (“TCE”) of approximately $16,3001 per ship per day, which is calculated on a load-to-discharge method of accounting2. This follows (i) the improved earnings environment in the third quarter of 2020 when compared to the first half of the year, (ii) the fixtures of spot voyages for our four vessels that are not employed on index-linked time charters through various dates in September and (iii) management’s decision to exercise the option to convert the floating rate under the index-linked charter of the M/V Lordship to a fixed gross rate of $22,000 per day for a 2-month period. Fleet Employment Profile: Vessel NameVessel ClassCapacity (DWT)Year BuiltYardEmploymentChartererEarliest Expiration Fixed Rate OptionPartnershipCapesize179,2132012HyundaiT/C Index LinkedA European utilities companyJune 2022YesChampionshipCapesize179,2382011SungdongT/C Index LinkedCargillNovember 2023YesLordshipCapesize178,8382010HyundaiT/C Index LinkedA European utilities companyMay 2022YesPremiershipCapesize170,0242010SungdongT/C Index LinkedGlencoreNovember 2022n/aSquireshipCapesize170,0182010SungdongT/C Index LinkedGlencoreDecember 2022n/aKnightshipCapesize178,9782010HyundaiT/C Index LinkedGlencoreMay 2023n/aGloriushipCapesize171,3142004HyundaiT/C Index LinkedA Far Eastern dry bulk operatorFebruary 2021YesFellowshipCapesize179,7012010DaewooVoyage CharterAn international trading companyQ4 2020n/aGeniushipCapesize170,0582010SungdongVoyage CharterAn international trading companyQ4-2020n/aGoodshipCapesize177,5362005MitsuiVoyage CharterA mining companyQ4-2020n/aLeadershipCapesize171,1992001KoyoVoyage CharterAn international trading companyQ4-2020n/aTotal 1,926,11711.5 Update on Stock Purchases by the CEO As of today, the Company’s Chairman and Chief Executive Officer, Mr. Stamatis Tsantanis, has purchased 200,000 of Seanergy’s common shares in accordance with the previously announced plan for open-market purchases by Mr. Tsantanis...