Building Seanergy News

Seanergy Completes Acquisition of Bulk Energy Transport

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced that the company has completed the previously announced acquisition of the remaining 50% ownership interest in Bulk Energy Transport (Holdings) Limited ("BET"). The company had acquired a 50% controlling interest in BET in August 2009. As a result of this acquisition, Seanergy now owns 100% of BET, and has increased the size of its wholly owned fleet from fifteen to 20 vessels. Currently, the Company’s wholly owned fleet comprises four Capesize, three Panamax, two Supramax, one Handymax and ten Handysize dry bulk carriers with aggregate cargo-carrying capacity of approximately 1.3 million dwt and an average fleet age of approximately 12.8 years.