Seanergy Ad New on-time charter agreement
and New financing agreement $ 30.9 million

Juis lying 14, 2021 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) today announced that, taking advantage of current market conditions, it has repaired another of its Capesize vessels, the M / V Worldship, as part of a fixed-time (“T / C”) charter with a leading US commodity trading company, which is already one of the Company’s charterers.

In addition, Seanergy successfully completed the financing of two of its new acquisitions, the Capesize built in 2012. M / V Hellasboat and the 2010-built Patriotism M / V (the “Ships”) through a sale-leaseback agreement with a major Chinese financial institution.

On-time charter agreement for M / V Worldship

the M / V Worldship was set on a T / C with a leading US commodity trading company, at a gross daily rate of $ 31,750 for a period of approximately 12 to 16 months. The T / C should start immediately after the M / V World shipnext delivery of, which is scheduled for August 2021.

Financing of the The M / V Hellasship and the M / V Patriotship

The vessels have been sold and chartered on a bareboat basis for a period of five years and the amount of combined financing is $ 30.9 million and the applicable interest rate is LIBOR + 3.50%. After the second anniversary of the bareboat charter, the company has continued options to buy back the vessels while at the end of the 5 year bareboat charter period, it has the option to buy back both vessels for 15 , $ 3 million in total.

Stamatis Tsantanis, the company Chairman and CEO, said:

“I am very happy to announce these important transactions for our Company. The debt financing we have secured so far for our recent vessel acquisitions is competitively priced and prudently structured, resulting in low breakeven rates which enhance our significant cash flow generation capacity. of available cash.

On the charter front, we are taking advantage of the current high rate environment to increase exposure to fixed rate T / Cs. the M/ V Worldship is the second vessel to be deployed in a T / C for longer than 12 months and at a fixed rate above $ 30,000 / day. Repeat business with our existing charterers affirms the operational and commercial excellence of our Capesize fleet. Following the delivery of M / V Worldship for its charterer, 93% percent of our fleet will be employed in medium and long term charters.

The consistent implementation of our strategy until 2021 brings significant value to the Company. We continue to explore partnerships and opportunities to further increase value for our shareholders. “

Company Fleash on a fully delivered basis and following the sale of M / V Leadership:

* Delivery scheduled for August 2021

** Delivery expected by July 2021

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only owner of pure and simple Capesize listed on the stock exchange in the United States. Seanergy provides dry bulk shipping services through a modern fleet of Capesize vessels. On a fully delivered basis, the Company’s operating fleet will consist of 16 Capesize vessels with an average age of 11.4 years and a total carrying capacity of approximately 2,829,631 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”.

Please visit our company 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) regarding future events. Words such as “may”, “should”, “expects”, “intends to”, “plans”, “believes”, “plans”, “hopes”, “estimates” and variations of these similar words and phrases forward-looking statements. These statements involve known and unknown risks and are based on 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 these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the liquidity of the Company, including its ability to service its debt; competitive factors in the market in which the Company operates; trends in the shipping industry, including charter rates, vessel values ​​and factors affecting supply and demand for vessels; future, current or recent acquisitions and divestitures, business strategy, areas of possible expansion or contraction, and anticipated capital or operating expenses; risks associated with operations outside the United States; risks associated with the duration and severity of the current novel coronavirus (COVID-19) outbreak, including its effects on the demand for dry bulk products and their transportation; and other factors listed from time to time in documents filed by the Company with the SEC, including its most recent annual report on Form 20-F. Documents filed by the Company may be obtained free of charge from the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in the events, conditions or circumstances on which any statement is based.

For more information please contact:

Seanergy Investor Relations
Phone. : +30 213 0181 522
Email: [email protected]

Capital Link, Inc.
Daniela Guerrero
230, avenue du Parc, office 1536
New York, New York 10169
Phone. : (212) 661-7566
Email: [email protected]