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M/V Delos Ranger chartered 1 year

M/V Delos Ranger chartered 1 year
Seanergy Maritime Holdings Corp. announced yesterday that it has entered into a time charter agreement for the M/V "Delos Ranger" for approximately one year.

Seanergy Maritime Holdings Corp. announced yesterday that it has entered into a time charter agreement for the M/V "Delos Ranger" for approximately one year.

Seanergy Maritime Holdings Corp. announced yesterday that it has entered into a time charter agreement for the M/V "Delos Ranger" for approximately one year. The vessel will commence her new employment in January 2010 at a gross rate of $20,000 per day. The Company has secured time charter coverage of 100% for the remainder of 2009, 93% for 2010 and 50% for 2011.

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 is comprised of two Panamax, two Supramax and two Handysize dry bulk carriers which Seanergy purchased and took delivery of the ships 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 ("BET") which owns five drybulk carriers, four Capesize and one Panamax.

As a result, the Company's current controlled fleet includes 11 drybulk carriers (4 Capesize, 3 Panamax, 2 Supramax and 2 handysize vessels) with a total carrying capacity of 1,043, 296 dwt and an average age of 13 years.

The Company's common stock and warrants trade on the NASDAQ Global Market under the symbols SHIP and SHIP.W, respectively. Prior to October 15, 2008, the Company's common stock and warrants traded on the NYSE Amex LLC (formally known as AMEX) under the symbols SRG, SRG.W, respectively.

www.TurkishMaritime.com.tr

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