SHIP Research | Milton Maxwell

SHIP

Seanergy Maritime Holdings Corp

9.60

-0.06-0.62%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Newbuild breakevens promise strong ROE

2/16/26Feb 16, 2026

Q&A spotlighted newbuilds' $20,000 daily cash breakeven, yielding $8,000-$13,000 net cash flow at forward eco rates over $30,000—strong ROE potential. Management updated chartering to 35% fixed through year-end at $27,000, eyeing more fixes post-Chinese New Year while selling older assets like the Duke. Dividends stay unaffected by capex, covered by sales and financing. Off-hire dips below 2025 levels. Shipyard capacity exists but favors other sectors, sustaining low Capesize orderbook. Answers reaffirmed prepared optimism; investors track fleet transition execution.

Key Stats

Market Cap

202.70M

P/E (TTM)

12.97

Basic EPS (TTM)

0.74

Dividend Yield

0.03%

About

Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates 18 Capesize and 2 Newcastlemax dry bulk vessels with a cargo-carrying capacity of approximately 3,633,861 deadweight tons. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.

CEO

Mr. Stamatios Tsantanis

IPO

1/30/2008

Website

https://www.seanergymaritime.com

Employees

Sector

Industrials

Industry

Marine Shipping