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Seanergy Maritime Holdings Corp (OQ:SHIP)

Business Focus: Marine Freight & Logistics

Sector:  Industrials Industry:  Marine Freight & Logistics
 
See Regulatory Filings on SEC
Company Contact
Address: 16674 Glyfada, 1-3 Patriarchou Grigoriou
ATHINA 10673
Tel: N/A
Website: www.seanergymaritime.com
IR: See website
Key People
Stamatios Tsantanis
Chairman of the Board, Chief Executive Officer
Stavros Gyftakis
Chief Financial Officer
 
Business Overview
Seanergy Maritime Holdings Corp. is an international shipping company. The Company provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It owns a modern fleet of seventeen dry bulk carriers, consisting of seventeen Capesizes, with a combined cargo-carrying capacity of approximately 3,011,083 deadweight tonnages (dwt) and an average fleet age of about 11.7 years. Its fleet comprises vessels, including Flagship, Worldship, Gloriuship, Geniuship, Premiership, Squireship, Championship, Lordship, Goodship, and Hellaship, among others. The Company's subsidiaries, which are all, owned by it either directly or indirectly, conduct all of its operations and own all of its operating assets. The Company manages its vessel's operations, insurances and bunkering, and has the general supervision of its third-party technical and commercial managers. V.Ships Limited, which is an independent third party, provides technical management for its vessels.
Financial Overview
For the fiscal year ended 31 December 2023, Seanergy Maritime Holdings Corp revenues decreased 12% to $110.2M. Net income applicable to common stockholders decreased 87% to $2.2M. Revenues reflect Vessel revenue decrease of 13% to $107M. Net income also reflects Interest on long-term debt and other fin increase of 54% to $17.9M (expense), General and administration expenses increase of 27% to $22M (expense).