Seanergy announced that Bulk Energy Transport, in which Seanergy holds a 50% controlling interest, has signed with its lenders a supplemental agreement to its loan.
Seanergy Maritime Holdings Corp. announced yesterday that Bulk Energy Transport (Holdings) Limited ("BET"), a company in which Seanergy holds a 50% controlling interest, has signed with its lenders a supplemental agreement to its loan and BET has received a reduction of the security requirement and the minimum equity ratio requirement for a period up to July 1, 2010. 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 control and operation of dry bulk carriers. The Company purchased and took delivery of six dry bulk carriers 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 five drybulk carriers, four Capesize and one Panamax.
As a result, the Company's current controlled fleet includes 11 dry bulk 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 (formerly known as AMEX) under the symbols SRG, SRG.W, respectively.