Seanergy Maritime Holdings Corp. (SHIP)

[TheInvisibleHand ™]

For the money they used debt lock in 117 mil+ revs per year just with the addition of ships. The long term debt is over 5 yrs and most 10 yrs out so its not a issue, when the company is making money. Most orders all-ready booked for 2010. FFA forward contracts is all set to minimize any fluctuations in the BDI.

China and India demand for iron and coal to pick up after new prices JUlY. 85 mil cash Ships worth way more then debt, Nav in access of a 100 mil.