Seanergy Maritime Holdings Corp (SHIPW)

[GrthzGd]

Earnings report will be released a week from Tuesday followed by a conference call the next day, Nov. 17th. They own 20 drybulk ships with a total carrying capacity of 1,292,544 dwt and an average fleet age of 13 years. The company has quite a lot of debt.

Oh, and I think CEO Dale Ploughman earlier said that all 20 ships recently went out on time charter for the next year or so. Seems like a pretty fungible, commoditized company.... Predictable earnings from its assets like 20 rental apartment buildings, with any upside to come slowly as time charter rates change, and as the debt is paid off.

I note that the Baltic Dry Index has been flat for the past several months. Anybody want to take crack at valuing it prior to the earnings? Know any comparable shipowning companies?