Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) : Coming Off Oversold Area On Strong Recent Announcements

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is having an incredibly strong week . The company recently announced that they just acquired another vessel and time chárter contract which led to strong excitement among investors and strong gains of 20pct+ in the stock this week . In Pre market , SHIP is trading at $0.82 per share .

Seanergy Maritime Holdings Corp. Recently announced time charter contract for m/v partnership which is expected to generate over $8 Million in gross revenue assuming 18 months exployment .

The recent acquired vessel is known as a Capesize dry bulk vesssel and was built in late 2012 by Hyundai Corporation in South Korea.

According to the press release , Seanergy entered into an agreement to acquire the vessel in April (2017) . The vessel’s purchase price was slightly above $32 million, a low price . The company used secured loan facility through a European bank as well as financing arrangements with the Company’s sponsor to purchase the vessel .

Stamatis Tsantanis, CEO at Seanergy stated :

We are pleased to take delivery of another modern Capesize vessel. We remain committed to expanding our quality fleet in the Capesize segment, which we strongly believe represents the best fundamentals in the dry bulk industry. We will continue to actively pursue accretive acquisition opportunities of quality Capesize vessels with an aim of increasing value for our shareholders.”

A recent interesting and full analysis article was posted by SmallCapStocks , read more in the following link https://www.smallcapstocks.com/ship/?=gn

SHIP’s Weekly Chart is just coming off oversold area , strong BOUNCE could happen anytime

About Seanergy Maritime Holdings Corp (NASDAQ:SHIP) Seanergy Maritime Holdings Corp. (Seanergy), incorporated on January 4, 2008, 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 eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tonnages (dwt) and an average fleet age of about 8.1 years. Its fleet comprises vessels, including Leadership, Gloriuship, Geniuship, Premiership, Squireship, Championship, Gladiatorship and Guardianship. 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 (V.Ships), which is an independent third party, provides technical management for its vessels that includes general administrative and support services necessary for the operation of vessel, such as crewing and other technical management, accounting related to vessels, provisions, and, subject to its instructions, operation, and sale and purchase of vessels. Seanergy Management Corp. (Seanergy Management), its subsidiary, has entered into a commercial management agreement with Fidelity Marine Inc. (Fidelity), an independent third party, pursuant to which Fidelity provides commercial management services for all of the vessels in its fleet. Its customers include national, regional and international companies.

 

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