Greek Owners Sell Bulker 'Clipper Grace'

Press Release
Tuesday, October 16, 2012

Seanergy Maritime Holdings sell 'Clipper Grace', a 30,548 dwt Handysize drybulk vessel, built in 2007, at a gross price of US$11.25 million.

The vessel was delivered to its new owners on October 15, 2012. The company will use the sale proceeds to reduce debt and for working capital purposes.

Following the completion of sale of the Clipper Grace, the Company's fleet consists of two Capesize, three Panamax, two Supramax and nine Handysize dry bulk carriers with an average age of 14.4 years

Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its executive offices in Athens, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers.

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