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Seanergy Maritime (SHIP) – Webinar Highlights Significant Progress

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Monday, January 24, 2022

Seanergy Maritime (SHIP)
Webinar Highlights Significant Progress

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.

    Dry bulk market remains volatile, but intermediate outlook appears promising. In a webinar hosted by Capital Link, CEO Stamatis Tsantanis and CFO Stavros Gyftakis highlighted positive macro and micro trends. The dry bulk market looks favorable based on expanding demand, upcoming emission regulations and a low order book. While TCE rates dropped recently due to weather disruptions and seasonality and the forward cover is low, the outlook remains favorable. Absent acquisitions, other shareholder friendly moves, like added buy backs and/or dividends, are probable.

    Entering 2022 with positive momentum.  SHIP starts the year with a larger Cape fleet of 17 and an improved financial position. The end result is a more stable platform that is well positioned to benefit from elevated Cape TCE rates …



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. 

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