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Seanergy Gives Update on MV Bet Fighter

Published Jan 12, 2011 8:02 AM by The Maritime Executive

Seanergy Maritime Holdings Corp. announced yesterday that the MV BET FIGHTER, a 1992 built, 173,149 dwt Capesize vessel, was boarded by pirates off Singapore, on August 17, while en route to China. Currently the vessel is continuing with her voyage with no disruption. During this incident the pirates did not seize the vessel or any of its crew members and left of their own accord.

Dale Ploughman, the Company’s Chairman and Chief Executive Officer, stated: “We are pleased that the crew members are safe and that there was no damage to the vessel. Unfortunately piracy is a real concern in some parts of the world and we are fortunate to escape without incident to the MV BET Fighter.

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp., the successor to Seanergy Maritime Corp., is a Marshall Islands corporation with its executive offices in Athens, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers.

The Company's initial fleet comprised two Panamax, two Supramax, one Handymax and one Handysize dry bulk carriers that Seanergy purchased and took delivery of in the third and fourth quarters of 2008 from companies associated with members of the Restis family. In August 2009, the Company acquired a controlling interest in Bulk Energy Transport (Holdings) Limited, which owns four Capesize and one Panamax dry bulk carriers. In May 2010, the Company acquired a controlling interest in Maritime Capital Shipping Limited, which owns nine Handysize dry bulk carriers.

The Company's current controlled fleet includes 20 drybulk carriers (four Capesize, three Panamax, two Supramax and one Handymax and 10 Handysize vessels) with a total carrying capacity of approximately 1,292,544 dwt and an average fleet age of 12.8 years.

The Company's common stock and warrants trade on the NASDAQ Global Market under the symbols “SHIP” and “SHIP.W”, respectively.