Replies to post #4001 on Seanergy Maritime Holdings Corp. (SHIP)

[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.

[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