Seanergy Maritime

Seanergy Maritime reported a strong Q2 with net income of $26.2 million and adjusted EBITDA of $41.5 million, driven by Capesize conditions that lifted fleet time charter equivalent rates 63% year over year to $32,355 per day. The company raised its quarterly dividend to $0.35 and trades at a trailing P/E of 6.35 and a forward P/E of 4.77. Institutional holdings have ticked up while short interest remains low at 1.96%, though the business remains exposed to cyclical freight-rate swings and cost pressures from vessel operations and dry-docking. » More on finance.yahoo.com

Seanergy Maritime has issued an unsecured €100 million bond for investors in Greece, which will be listed in the fixed-income securities segment of Euronext Athens. The bond matures in July 2031, was issued at par with a 4.90% p.a. coupon and pays interest semiannually. Proceeds will be used to partially finance newbuilds, acquire secondhand vessels and for general corporate and working capital purposes; issuance costs are estimated at about €4.4 million. The securities are not registered under the US Securities Act and generally may not be offered or sold in the United States. » More on de.investing.com

Seanergy Maritime reports Q1 2026 revenue up 77.7% to $43.0m and adjusted EBITDA of $28.2m (+253%). Adjusted net income for the quarter was $13.4m, and adjusted earnings per share were $0.63, after a loss in the prior year. Time charter equivalent (TCE) rates rose 80.6% to $24,200/day; for Q2 the company expects TCE rates of around $31,430/day and has hedged 45% of operating days at rates above $29,000/day. Seanergy announced its 18th consecutive quarterly cash dividend and saw its share price rise 2.29% in pre-market trading. » More on de.investing.com