Thursday, December 16, 2021
Seanergy Maritime (SHIP)
Tune Into Virtual Transportation & Logistics Forum
Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the M/V Dukeship, the Company’s operating fleet will consist of 17 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 3,011,083 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”.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tune in to hear about SHIP at today’s Transportation & Logistics online forum. CEO Stamatis Tsantanis and CFO Stavros Gyftakis will present at 11:00am EST. Free registration is available at channelchek.vercel.app
Presentation highlights should include substantial 2021 progress. The fleet expansion to 17 Capes and recent completion of the $17 million buy back program are good indications of better execution and an improved financial position. The retirement of convert debt and stock and warrant buy backs limits potential share issuance …
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
