Seanergy Maritime Holdings Corp. (SHIP)

[Alice-N-Wonderland]

CEO Stamatis Tsantanis will be speaking and engaging with other Dry Bulk bosses tomorrow morning on a virtual panel led by moderator Randy Giveans, an analyst at Jeffries Group. The topic of discussion is Super-cycle or Super-volatilty?

https://www.linkedin.com/posts/marine-money_mm-mmweek2021-activity-6811289299745566720-07Jk

The theme of this year’s 33rd annual Marine Money Week, which will take place June 21-23, is, “A Golden Age for Shipping,”which reflects the extraordinary outlook and transformational opportunity for our industry.

https://www.marinemoney.com/forum/MMWeek21



If you are unable to register and watch the live discussion, a replay will likely be available and posted shortly on Marine Money's YouTube channel

https://m.youtube.com/user/MarineMoney/videos

[Alice-N-Wonderland]

SHIP 1.31 UP 12.93%

Fantastic day for #DryBulk #Shipping equities, starting in Oslo and accelerating in New York. $GNK +6%$SBLK +10%$SHIP +11%$GOGL US closing at NOK 95.8 equiv, +4% above close in Oslo. Should be fun on Oslo open tomorrow.

Expecting Cape spot rates to extend gains at noon CET pic.twitter.com/7bI9dDeNdk

— Joakim Hannisdahl (@JHannisdahl) June 16, 2021

Sailing onboard M/V Hellasship. From bridge monitoring to hatch covers opening! #shipping #capesize #newacquisition #sailing #crewlife $SHIP pic.twitter.com/3siByDuH4J

— Seanergy (@Seanergy_SHIP) June 7, 2021

[Alice-N-Wonderland]

I believe you're right, Kingsransome.

[kingsransome]

$1.45 breaks we spike $2.80++++ chart it peeps $$$$

[Alice-N-Wonderland]

SHIP 1.16 UP 11.54%

[Alice-N-Wonderland]

Seanergy Takes Delivery of Two Capesize Vessels
with Prompt Commencement of Period Charters

June 10, 2021 - Glyfada, Greece - Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) reported today the delivery of two previously-announced Capesize vessel acquisitions. The first vessel is a 181,709 dwt Capesize bulk carrier, built in 2010 by Imabari Shipbuilding Co., Ltd. in Japan, which was renamed M/V Patriotship, and the second is a 176,925 dwt Capesize bulk carrier, built in 2006 by Namura Shipbuilding Co., Ltd. in Japan, which was renamed M/V Tradership (the “Vessels”).

Taking advantage of the strong market conditions, Seanergy fixed the M/V Patriotship proactively at $31,000 per day for a period employment of 12 to 18 months with a major European cargo operator. Additionally, the M/V Tradership has been fixed for a period employment of 11 to 15 months with a major South Korean industrial company at an index-linked rate based on the Baltic Capesize Index. Both time charters are expected to commence promptly, upon finalization of the customary handover process.

Moreover, the Company is in advanced discussions with a leading Asian financial institution to finance part of the acquisition price of the M/V Patriotship through a sale and leaseback structure at competitive terms.


https://ih.advfn.com/p.php?pid=nmona&article=85331277

For further information please contact:

Seanergy Investor Relations
Tel: [phone]
E-mail: [e-mail]

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: [phone]
E-mail: [e-mail]

[Alice-N-Wonderland]

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“I am pleased to announce the timely delivery of our fourteenth and fifteenth Capesize vessels and the immediate commencement of their respective period employments.

We are also excited to initiate business relationships with two additional reputable charterers. Including these deliveries, 87% of our operating fleet is employed under advantageous medium to long-term charters.

At the financing front, we have secured competitively-priced financings for our recent vessel acquisitions, as previously announced, which will further enhance our strong liquidity position and reduce the Company’s average cash interest expense.

We believe Seanergy is optimally positioned to take advantage of the rising market conditions.”

[Alice-N-Wonderland]

Seanergy Fleet Update

[ClayTrader]

* * $SHIP Video Chart 06-10-2021 * *

Link to Video - click here to watch the technical chart video

[Alice-N-Wonderland]

Histogram Coil has been tightly wound for the past month. Longs definitely deserve a healthy breakout move here IMO.

[kingsransome]

spike to $4 soon nuff

[Alice-N-Wonderland]

8 months of sea time here, not gonna miss SHIP's movement. GLTA

[TheFinalCD]

lol

[JackAskSlap]

toot toot load all ships..

[Alice-N-Wonderland]

Q1 SHIP Beats on Revenue & EPS

[Alice-N-Wonderland]

SHIP's Analysts Price Target

Joakim Hannisdahl who is stated to be the #1 shipping equity analyst by Bloomberg for the past three years recommends SHIP as a BUY to his clients with an upside potential of 64%. This data was given on May 20th when the price opened at 99 cents and closed at 1.03 so I'll assume his Price Target is $1.64

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163935321

Poe Fratt from Noble Capital reinstated his BUY recommendation after Q1 earnings report with a Price Target of $1.50.

https://www.tipranks.com/analysts/poe-fratt


Tate Sullivan from Maxim Group recommended to Hold at the current price of $1.00 after Q1 earnings. I don't see how this can be justified as this is 1/3 below NAV.

https://www.tipranks.com/analysts/tate-sullivan


IMO these targets are all low. Every seasoned trader knows things can trade multiple times Book Value... Why we've been held down while most of our Peers have moved forward over the last 3 months is questionable.

[Alice-N-Wonderland]

SHIP's Peers according to Reuters

Atlas ATCO and Matson MATX are containers and Navios NNA is chemical. Castor CTRM is mixed, drybulk and chemical and has decreased 20% more since reverse splitting on the 28th.

The other companies specialize in transporting Drybulk with Seanergy SHIP being the only company to comprise its fleet of Capesize vessels.

[kingsransome]

anything near 5

[Alice-N-Wonderland]

Kingsransome, selling is extremely difficult sometimes... even when a trader has life changing profits on the screen. What's holding you back, is it the $5 per share that you've envisioned?

[Alice-N-Wonderland]

Sambeaux, intelligent investments not making cents either these past few months IMO. Understanding Fundamentals and doing DD is far more difficult and currently less rewarding financially than playing duck duck goose in high dollar/volume P&D's. Crypto is unregulated, no limit to daytrades, no wash sale rule, no $25000 account minimum, along with the government relying on the trader to be honest in reporting gains and losses. Anyhow, Seanergy has made strong significant strategic maneuvers over the last year to benefit substantially from the Supercycle that has only just begun IMO. The CFO and CEO have keen mathematical minds, and I trust that they will focus on maximizing our profitability in every possible way going forward.

[kingsransome]

yup,,this pos and tops like drys was,,pops on no news poops on good news,cant wait to get outta here

[sambeaux]

MAKES NO SENSE. Fantastic operations report..
compared to last year. The world is opening up.
And stock gets worse than a ho hum.
Go figure...

[Alice-N-Wonderland]

Seanergy Advances Capesize Fleet to 16

Seanergy Maritime Holdings Corp. Announces Agreement to Acquire its 16th Capesize Vessel and New Time Charter

May 24, 2021 09:00 ET| Source: Seanergy Maritime Holdings Corp.

GLYFADA, Greece, May 24, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has entered into a definitive agreement with an unaffiliated third party to purchase a Capesize vessel (the “Vessel”).

The Vessel was built in 2012 at a reputable shipyard in Japan, has a cargo-carrying capacity of approximately 181,000 deadweight tons (“dwt”) and will be renamed M/V Worldship. 
The Worldship is expected to be delivered within the third quarter of 2021, subject to the satisfaction of certain customary closing conditions. Following her delivery, Seanergy’s fleet will increase to 16 Capesize vessels with an aggregate cargo capacity of approximately 2,800,000 dwt.

The Vessel is fitted with a scrubber and a ballast water treatment system, while the special survey will be completed by the current owner prior to the delivery and, therefore, the Company does not anticipate incurring any off-hire or capital expenditure for this Vessel at least for the next two years.

The purchase price of $33.7 million is expected to be funded with cash on hand and debt financing.

In addition, taking advantage of the current strong market conditions, Seanergy has fixed one of its Capesize vessels, the M/V Patriotship, at $31,000 per day for a period employment of 12-18 months with a major European cargo operator. The contract is expected to commence upon the Patriotship’s upcoming delivery to the Company, which is anticipated in the beginning of June 2021.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“I am very pleased to announce another timely acquisition of a high-quality Capesize vessel built by a renowned shipyard in Japan. The addition of the M/V Worldship to our fleet will further enhance our operating leverage as a leading pure-play Capesize company.

This should be a highly accretive transaction for our shareholders as it will be funded by Seanergy’s strong liquidity, consisting of cash on hand and loan facilities at competitive terms.

Our fleet is currently operating in a decade-high freight environment, where the Capesize forward freight contracts (“FFA”) for the second half of 2021 exceed $30,000 per day. Based on the anticipated delivery of the Vessel in the mid of the third quarter of 2021, the incremental gross revenue from this acquisition may exceed $4 million for the remainder of the year.”

For further information please contact:

Seanergy Investor Relations
Tel: [phone]
E-mail: [e-mail]

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: [phone]
E-mail: [e-mail]

https://www.globenewswire.com/news-release/2021/05/24/2234753/0/en/Seanergy-Maritime-Holdings-Corp-Announces-Agreement-to-Acquire-its-16th-Capesize-Vessel-and-New-Time-Charter.html

[Alice-N-Wonderland]

Joakim Hannisdahl recommends $SHIP !!!

That is the key question...

I currently recommend the following capital allocation within #DryBulk #shipping to clients$DSX $GNK $GOGL $SBLK $SHIP pic.twitter.com/sNPQIIMk2i

— Joakim Hannisdahl (@JHannisdahl) May 20, 2021

https://no.linkedin.com/in/joakim-hannisdahl

https://www.tipranks.com/analysts/joakim-hannisdahl

[Alice-N-Wonderland]

FLAGSHIP

Onboard M/V Flagship - our 13th Cape vessel so far.
View from her bridge. #shipping #capesize $SHIP pic.twitter.com/LyolRDREbn

— Seanergy (@Seanergy_SHIP) May 18, 2021

Expected delivery of Patriotship is in May and Tradership is in June.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163527415

Applied to be a moderator on this board today so that I can moderate myself, and protect the interests of everyone... should the circus come to town.

[Alice-N-Wonderland]

Seanergy has Flagship.


Seanergy Announces Delivery of Capesize M/V Flagship Vessel to enter Financing and Period Charter Agreement with Cargill

May 11, 2021 09:15 ET| Source: Seanergy Maritime Holdings Corp.

GLYFADA, Greece, May 11, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it has taken delivery of the 176,387 dwt Capesize bulk carrier, built in 2013 by Mitsui Engineering & Shipbuilding Co., Ltd. in Japan, which was renamed M/V Flagship (the “Vessel”). The Vessel was subsequently financed through a leasing agreement with Cargill International SA (“Cargill” or the “Charterer”). Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered into a five-year time charter (“T/C”) with Cargill at a rate which is linked to the Baltic Capesize Index (BCI).

Financing Agreement

The bareboat financing amount of the Vessel is $20.5 million at an implied interest rate of approximately 2% all-in, fixed for five years. The Company has the option to buy back the Vessel at any time during the whole five-year leasing period, at the end of which it has a purchase obligation of $10 million subject to certain adjustments based on the market price of the Vessel.

Time Charter Agreement

Under the terms of the T/C, the Vessel will earn an index-linked rate based on BCI, while the Company has the option to convert the daily hire from index-linked to fixed for a minimum period of three months to a maximum of 12 months based on the prevailing Capesize Freight Futures Agreements (“FFA”) curve. The index-linked rate will be 102% of the BCI minus $1,325 per day. The term of the T/C matches the term of the leasing transaction and has a duration of 60 months from the delivery of the Vessel to Cargill on May 10, 2021.

Energy Saving Devices

In addition, Cargill will fund the equipment and the installation of certain energy saving devices (“ESDs”) onboard the M/V Flagship, aimed to increase the Vessel’s energy efficiency by reducing fuel consumption and subsequently the Vessel’s carbon footprint. The Company and the Charterer have successfully implemented a similar project for the M/V Championship in 2019 in a cooperative scheme pioneered by Seanergy and Cargill.



For further information please contact:

Seanergy Investor Relations
Tel: [phone]
E-mail: [e-mail]

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: [phone]
E-mail: [e-mail]

https://www.globenewswire.com/news-release/2021/05/11/2227346/0/en/Seanergy-Announces-Delivery-of-Capesize-M-V-Flagship.html

[Alice-N-Wonderland]

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are pleased to announce the delivery of the thirteenth Capesize vessel and its immediate commencement of period employment, during the strongest Capesize market of the last decade. Including this delivery, 84% percent of our fleet is employed under index-linked time charters.

We are also excited to further expand our strategic partnership with Cargill with another transaction, which is very beneficial commercially and environmentally. Cargill is one of the most prominent charterers with a clearly defined and actionable environmental and sustainability agenda.

The debt financings we have secured so far for our recent vessel acquisitions are priced competitively and this will further reduce the Company’s average cash interest expense. Moreover, upon the conclusion of this transaction our strong liquidity position will be further enhanced.

The implementation of our strategic decisions of the last 6 months has a clear positive impact on Seanergy so far, and we continuously explore opportunities to further increase value for our shareholders.”

https://www.globenewswire.com/news-release/2021/05/11/2227346/0/en/Seanergy-Announces-Delivery-of-Capesize-M-V-Flagship.html

[Alice-N-Wonderland]

SHIP shares are being given away below value IMO by MM'S. Maritime Stocks should have their own exchange. Tradebots don't read the Baltic Capesize Index apparently... or if they do, can't compute. We've been trading alongside TOPS for a long while. I believe there is a program tying the two together. I've seen SHIP go "parabolic" on TOPS news/volume in the past even during after hours. Someone has to cut the cord between the two companies. They have completely different businesses and prospects. TOPS also trading below value IMO.

[kingsransome]

added more,,bdi thru the roof,$$$$ MHOP

[Alice-N-Wonderland]

Delivery of Capesize M/V Hellasship and Time Charter Agreement with NYK Line

Onboard M/V Hellasship.
During today’s delivery to @seanergy_SHIP.
Our first addition out of the 4 newly acquired Cape vessels. $SHIP pic.twitter.com/swsnU3PKYp

— Seanergy (@Seanergy_SHIP) May 6, 2021

GLYFADA, Greece, May 06, 2021 (GLOBE NEWSWIRE) 

Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today that it has taken delivery of the 181,325 dwt Capesize bulk carrier, built in 2012 by Imabari Shipbuilding Co. in Japan, which was renamed M/V Hellasship (the “Vessel”). The delivery of the M/V Hellasship is the first of the four Capesize acquisitions performed already in 2021.

The Vessel has been fixed on a time charter (“T/C”) with NYK Line, a leading Japanese shipping company and operator. The T/C is expected to commence immediately, upon finalization of the customary transition process and will have a term of minimum 11 to maximum 15 months from the delivery. The gross daily rate of the T/C is based at a premium over the Baltic Capesize Index (“BCI”).

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are pleased to announce the well-timed delivery of our twelfth cape vessel, during the strongest Capesize market of the last decade with spot rates standing currently above $42,000 per day. This delivery is the first of the four acquisitions we agreed so far in 2021, before the impressive surge in freight day rates and asset values. Needless to say, that our timing has been once again optimal.

“At the same time, we are glad to initiate a long-term commercial partnership with another leading charterer through M/V Hellasship’ s period employment. The relationships we have established with first class charterers in the Capesize space attest to the operational quality of our fleet and management platforms.

“Currently, 92% percent of our fleet is employed under index-linked time charters allowing Seanergy’ s earnings to be highly correlated with the performance of the Capesize index. We believe that Seanergy, as a pure-play Capesize owner, is best positioned to fully benefit from the strong earnings environment and increasing asset values.”

For further information please contact:

Seanergy Investor Relations
Tel: [phone]
E-mail: [e-mail]

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: [phone]
E-mail: [e-mail]


https://www.globenewswire.com/news-release/2021/05/06/2224645/0/en/Seanergy-Maritime-Holdings-Corp-Announces-Delivery-of-Capesize-M-V-Hellasship-and-Time-Charter-Agreement-with-NYK-Line.html

[sambeaux]

Stock going up nicely. warrants going DOWN.???? EOM

[kingsransome]

[kingsransome]

$5++++ stock,,MHOP $$$$

[ClayTrader]

* * $SHIP Video Chart 05-03-2021 * *

Link to Video - click here to watch the technical chart video

[sambeaux]

Just when least expect. Bam! Good! For a start. eom

[Alice-N-Wonderland]

BDI is at 3053



https://seekingalpha.com/symbol/BDIY:IND

https://en.m.wikipedia.org/wiki/Baltic_Dry_Index

[Alice-N-Wonderland]

First Quarter 2021 TCE Guidance:

As of the date hereof, approximately 98% of our fleet operating days in the first quarter of 2021 have been fixed at a TCE of approximately $16,000, or 89% higher compared to the $8,481 TCE recorded in the first quarter of 2020.

____________________
1 Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA") and Time Charter Equivalent rate (“TCE”) are non-GAAP measures. Please see the reconciliation below of EBITDA to Net Income/ (Loss) and TCE to Net revenues from vessels, in each case the most directly comparable U.S. GAAP measure.

2 For vessels on index-linked T/Cs, the TCE assumed for the remaining operating days is equal to the FFA rate for the respective period. Spot estimates are provided using the load-to-discharge method of accounting. Load-to-discharge accounting recognizes revenues over fewer days as opposed to the discharge-to-discharge method of accounting used prior to 2018, resulting in higher rates for these days and only voyage expenses being recorded in the ballast days. Over the duration of the voyage (discharge-to-discharge) there is no difference in the total revenues and costs to be recognized. The rates quoted are for days currently contracted. Increased ballast days at the end of the quarter will reduce the additional revenues that can be booked based on the accounting cut-offs and therefore the resulting TCE will be reduced accordingly.

https://www.globenewswire.com/en/news-release/2021/03/24/2198546/0/en/Seanergy-Maritime-Holdings-Corp-Reports-Financial-Results-for-the-Fourth-Quarter-and-Twelve-Months-Ended-December-31-2020.html

[Alice-N-Wonderland]

Baltic Capesize Index (BCI)

The Baltic Exchange Capesize Index (BCI) is a daily average calculated from the reports of an independent international board of panellists. These panellists are required to make a daily assessment on a basket of timecharter and voyage routes in the dry bulk shipping market representative of Capesize vessels.

Applicable weightings for the calculation of the Time Charter Average value are the following routes: C8_14 (25%), C9_14 (12.5%), C10_14 (25%), C14 (25%) and C16 (12.5%).

Currently the Baltic Capesize vessel for Time Charter Routes is a non-scrubber fitted vessel based on the following description:

– 180,000mt dwt on 18.2m ssw draft
– Max. age 10 yrs
– LOA 290m, beam 45m, TPC 121
– 198,000cbm grain
– 14 knots laden/15 knots ballast on 62mt fuel oil (380cst), no diesel at sea
– 12 knots laden/13 knots ballast on 43mt fuel oil (380cst), no diesel at sea

Route definitions:

Route C8_14:
Delivery Gibraltar-Hamburg range, laydays/cancelling 3/10 days from index date, transatlantic round voyage, redelivery Gibraltar-Hamburg range, 180,000mt, duration 30-45 days. 5% total commission.

Route C9_14:
Delivery Amsterdam-Rotterdam-Antwerp range or passing Passero, laydays/cancelling 3/10 days from index date, redelivery China-Japan range, 180,000mt, duration about 65 days. 5% total commission.

Route C10_14:
Delivery China-Japan range, laydays/cancelling 3/10 days from index date, redelivery China-Japan range, 180,000mt, duration 30-40 days. 5% total commission.

Route C14:
Delivery Qingdao spot or retroactive up to a maximum 15 days after sailing from Qingdao, round voyage via Brazil, redelivery China-Japan range, 180,000mt, duration 80-90 days. 5% total commission.

Route C16:
Delivery North China-South Japan range, 3-10 days from index date for a trip via Australia or Indonesia or US West Coast or South Africa or Brazil, redelivery UK-Cont-Med within Skaw-Passero range, 180,000mt, duration to be adjusted to 65 days. 5% total commission.

https://www.bmti-report.com/baltic-capesize-index-bci/



https://en.m.wikipedia.org/wiki/Baltic_Dry_Index

[Alice-N-Wonderland]

BCI is 41000

Baltic #Capesize index +3% to $41k/d🥳
Brazil/China +4% to $35k/d#DryBulk #Shipping $DSX $EGLE $GBLK $GNK $GOGL $SBLK pic.twitter.com/SMSKq9rSug

— Joakim Hannisdahl (@JHannisdahl) April 30, 2021

[Alice-N-Wonderland]

"Reading is the key to success."

(1) Chartered by a major European utility and energy company and delivered to the charterer on September 11, 2019 for a period of minimum 33 to maximum 37 months with an optional period of about 11 to maximum 13 months. The daily charter hire is based on the BCI. In addition, the Company has the option to convert to a fixed rate for a period of between 3 and 12 months, based on the prevailing Capesize Forward Freight Agreement Rate (“FFA”) for the selected period.

(2) Chartered by Cargill. The vessel was delivered to the charterer on November 7, 2018 for a period of employment of 60 months, with an additional period of about 24 to about 27 months at the charterer’s option. The daily charter hire is based on the BCI plus a net daily scrubber premium of $1,740. In addition, the time charter provides the option to convert the index linked rate to a fixed rate for a period of between 3 and 12 months based on the Capesize FFA for the selected period.

(3) Chartered by a major European utility and energy company and delivered on August 4, 2019 for a period of minimum 33 to maximum 37 months with an optional period of 11-13 months. The daily charter hire is based on the BCI plus a net daily scrubber premium of $3,735 until May 2021. In addition, the Company has the option to convert to a fixed rate for a period of between three and 12 months, based on the prevailing Capesize FFA for the selected period.

(4) Chartered by Glencore and was delivered to the charterer on November 29, 2019 for a period of minimum 36 to maximum 42 months with two optional periods of minimum 11 to maximum 13 months. The daily charter hire is based on the BCI plus a net daily scrubber premium of $2,055.

(5) Chartered by Glencore and was delivered to the charterer on December 19, 2019 for a period of minimum 36 to maximum 42 months with two optional periods of minimum 11 to maximum 13 months. The daily charter hire is based on the BCI plus a net daily scrubber premium of $2,055.

(6) Chartered by Glencore and delivered to the charterer on May 15, 2020 for a period of about 36 to about 42 months with two optional periods of minimum 11 to maximum 13 months. The daily charter hire is based on the BCI.

(7) Chartered by Pacbulk Shipping and delivered to the charterer on April 23, 2020 initially for a period of about 10 to about 14 months. Upon expiration of the current T/C period, in June 2021, the vessel will commence the second extension period up to minimum January 1, 2022 to maximum April 30, 2022. The daily charter hire is based on the BCI. In addition, the Company has the option to convert to a fixed rate, based on the prevailing Capesize FFA for the selected period.

(8) Chartered by Anglo American, a leading global mining company, and expected to be delivered to the charterer on towards the beginning of June 2021 for a period of minimum 12 to maximum 15 months from the delivery date. The daily charter hire is based on the BCI. In addition, the Company has the option to convert to a fixed rate for a period of minimum three and maximum 12 months, based on the prevailing Capesize FFA for the selected period.

(9) Chartered by Pacbulk Shipping and expected to be delivered to the charterer towards the end of March 2021 for a period of about 10 to about 14 months from the delivery date. The daily charter hire is based on the BCI. In addition, the Company has the option to convert to a fixed rate based on the prevailing Capesize FFA for the selected period.

(10) Expected delivery in June 2021.

(11) Expected delivery in April 2021.

(12) Expected delivery in May 2021.

[kingsransome]

Lets do this $$$5555++++++ MHOP

[Alice-N-Wonderland]

Today's rate is $34762 for Capesize, SHIP has 15.

Baltic Dry Index Rises 1.38% to 2,788
Capesize +2.82% to $34,762
Panamax -2.23% to $22,331
Supramax 58k tons +2.32% to $22,932
Handysize +2.15% to $17,688#DryBulk #Shipping $DSX $EGLE $GBLK $GNK $GOGL $SBLK pic.twitter.com/Ow5w3xJ9dD

— Joakim Hannisdahl (@JHannisdahl) April 23, 2021

https://mobile.twitter.com/seanergy_ship?lang=en

Awaiting status on delivery and the charters for 4 vessels purchased this year.

Tradership
Patriotship
Flagship
Hellaship

[Alice-N-Wonderland]

Analyst Poe Fratt can be heard on SHIP's last Webcast CC beginning at 51:58 . I was mistaken on an earlier post, I thought the name of the person was Paul, now that I know for certain the person asking questions during the 4th quarter results is the person giving us a price target of 1.50, keep in mind that he based his PT when Capesize Daily Rates were near 20000 and he was skeptical of an upcoming Supercycle when speaking with the CEO.

[Alice-N-Wonderland]

1,3 and 6 month MACD have crossed positive, for the first time since February. The 1 year MACD is very close. Chart is ready to move up. Gotta rise above the histogram line.

[Alice-N-Wonderland]

SHIP PT upgraded to OutPerform

https://www.channelchek.com/news-channel/Seanergy_Maritime__SHIP____Another_Acquisition_Increases_Leverage___Upgrading_to_Outperform

https://www.tipranks.com/analysts/poe-fratt

https://noblecapitalmarkets.com/research


My Price Target is much higher than Poe's... but I'm not a professional analyst, I handwash my dishes, swiffer my floors and have to use coin laundry because my building doesn't permit W/D hookups in individual units. Trade Safe. GLTA

[Alice-N-Wonderland]

Shipowners have long bemoaned the lack of clarity on the direction of future environmental regulations, which have also put many off from ordering new tonnage. There have been concerns that vessels ordered today would become obsolete well before the end of their economic life. The new ambitious stance from the Biden administration may speed up the process of clarity, but it could also mean that the current breed of vessels will become non-compliant considerably faster. If the American move proves successful and the new, stricter, targets are phased in between 2023 and 2050, new vessel designs and propulsion technologies will have to be found in the next few years. Hence, the case for ordering new tonnage in the near term may weaken further for some shipowners, especially as current newbuilds may face extensive investments in propulsion conversions during their life span.

Assuming new stricter rules are announced, under American leadership, in 2023, there could potentially be a window of opportunity to invest in new tonnage before that. Vessels ordered/delivered before such an announcement could potentially have a longer grace period. Nevertheless, it is unlikely that there will be a stampede of dry bulk shipowners heading for the shipyards, as recent ordering sprees of container vessels and tankers have limited the availability of delivery slots ahead of 2023 and has also raised the newbuilding prices. Hence, the well-publicised story of a historically thin orderbook for dry bulk vessels could remain the narrative for some time. With only a limited number of vessels expected to join the global dry bulk fleet in the next few years, the supply side is likely to remain tight and provide continued support for freight rates.


By Ulf Bergman

April 23 2021


https://www.breakwaveadvisors.com/insights/2021/4/23/change-of-us-stance-on-shipping-emissions-likely-to-maintain-thin-dry-bulk-newbuild-order-books

[Alice-N-Wonderland]

Reported on @Seanergy_SHIP Twitter feed yesterday

Fearnleys: Cape vessels on fire! Freight rates gained 29% since April 14, sentiment very strong with all routes constantly improving. Iron ore and coal trades very active adding gasoline to the fire.@Seanergy_SHIP is the only US listed pure play cape company #shipping $SHIP pic.twitter.com/XpVxW1bs93

— Seanergy (@Seanergy_SHIP) April 22, 2021

https://fearnpulse.com/

[Alice-N-Wonderland]

BDI is at 2710



https://seekingalpha.com/symbol/BDIY:IND

[Alice-N-Wonderland]

$SHIP Capesize Rates

Baltic #Capesize index +16% to $33k/d (+$4.6k/d)🚀🚀🚀
Brazil/China +10% to $30k/d🚀

May FFA +8% to $36k/d🚀
Jun FFA +7 to $32k/d🚀#DryBulk #Shipping $DSX $EGLE $GBLK $GNK $GOGL $SBLK https://t.co/eU2fwWnFa2 pic.twitter.com/iOF27DVC9a

— Joakim Hannisdahl (@JHannisdahl) April 21, 2021

[Alice-N-Wonderland]

BDI is at 2472

https://seekingalpha.com/symbol/BDIY:IND

Mind the gap!

May Cape trading up to $35K on London open#braemaracm #braemarscreen #FFA #drybulk #Shipping pic.twitter.com/aGtsd8RAPk

— braemarscreen.com (@braemarscreen) April 21, 2021