The Seanergy fleet profile is as follows:
Time
Vessel Capacity Year TCE Charter
Vessel Name* Class (dwt) Built Delivery Date Rate Expiry
---------- -------- -------- ------------- ------ --------
M/V Bremen Max Panamax 73,503 1993 Sept.11, 2008 65,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V Davakis G. Supramax 54,000 2008 Aug. 28, 2008 60,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V Delos Ranger Supramax 54,000 2008 Aug. 28, 2008 60,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V African Oryx Handysize 24,110 1997 Aug. 28, 2008 30,000 Sept.-09
---------- -------- -------- ------------- ------ --------
Vessels to be
delivered
M/V Hamburg Max Panamax 73,498 1994 End Sept.-08 65,000 Sept.-09
---------- -------- -------- ------------- ------ --------
M/V African
Zebra Handysize 38,632 1985 End Oct.-08 36,000 Sept.-09
---------- -------- -------- ------------- ------ --------
Total/Average 317,743 10.5 yrs 52,667
---------- -------- -------- ------------- ------ --------
About Seanergy Maritime Corp.
Seanergy Maritime is a Marshall Islands corporation with its principal
offices in Athens, Greece. Seanergy was initially formed for the specific
purpose of acquiring a business in the shipping industry. Pursuant to the
Master Agreement dated May 20, 2008, Seanergy agreed to purchase, six dry
bulk carriers, which include two 2008 built vessels, from companies
associated with members of the Restis family. Following the acquisition of
its first four dry bulk vessels, its current fleet consists of one Panamax
vessel, two Supramax vessels and one Handysize vessel with a total dwt
capacity of 205,613. The Company expects to take delivery of one Panamax
vessel and one Handysize vessel between September 2008 and October 2008.
Upon delivery of these vessels, its fleet will be comprised two Panamax,
two Supramax and two Handysize dry bulk carriers with a combined
cargo-carrying capacity of 317,743 dwt and an average fleet age of
approximately 10.5 years.
Seanergy's common stock, warrants and units trade on the America Stock
Exchange under the symbols SRG, SRG.W, and SRG.U, respectively. Risks and
uncertainties are described in reports filed by Seanergy Maritime Corp.
with the U.S. Securities Exchange Commission, which can be obtained free of
charge on the SEC's website at www.sec.gov.
For further information please visit our 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
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 the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given 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 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 Securities and
Exchange Commission. 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.
Contact Information: For further information please contact: Seanergy Maritime Corp. c/o Vgenopoulos & Partners Law Firm 15 Filikis Eterias Square Athens, 106 73 Greece Tel: 30 210 7206900 E-mail: mail@vplaw.gr Financial Information: Alexis Komninos Chief Financial Officer Tel: 30 210 3726200 E-mail: Kalexis@Komninos.gr 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