Seanergy Maritime Holdings Corp., a shipping company provides the seaborne transportation of dry bulk commodities globally. It operates 18 Capesize and two Newcastlemax dry bulk vessels with a cargo-carrying capacity of approximately 3,633,861 deadweight tons.
Formerly known as Seanergy Merger Corp., the company rebranded as Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.
What does Seanergy Maritime Holdings Corp. (SHIP) do?
Seanergy Maritime Holdings Corp. is a shipping company that provides seaborne transportation of dry bulk commodities globally. The company operates a fleet of 18 Capesize and two Newcastlemax dry bulk vessels, with a total cargo-carrying capacity of approximately 3,633,861 deadweight tons. These vessels are used to transport major dry bulk commodities such as iron ore, coal, grain, and other materials. The company's operations are focused on serving customers in the global shipping market, leveraging its large vessel sizes to achieve economies of scale. Seanergy Maritime Holdings Corp. is headquartered in Glyfada, Greece, and was incorporated in 2008.
Where is Seanergy Maritime Holdings Corp. (SHIP) listed and in which currency?
Seanergy Maritime Holdings Corp. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol SHIP. The company's shares are traded in US Dollars (USD), which is the currency used for its financial reporting and stock transactions. As a US-listed company, it follows the reporting standards of the US Securities and Exchange Commission (SEC) and provides financial statements in USD. Investors can buy and sell SHIP shares through brokerage accounts that have access to the Nasdaq exchange.
What sector and industry does Seanergy Maritime Holdings Corp. (SHIP) belong to?
Seanergy Maritime Holdings Corp. operates in the Industrials sector and is specifically classified under the Marine Shipping industry. This industry encompasses companies that provide transportation services for goods and commodities via ocean-going vessels. As a marine shipping company, Seanergy focuses on the dry bulk segment, which involves the carriage of unpackaged bulk cargo such as iron ore, coal, and grains. The company's fleet of Capesize and Newcastlemax vessels is designed for large-volume shipments, making it a key player in the global dry bulk shipping market.
Where is Seanergy Maritime Holdings Corp. (SHIP) headquartered and what markets does it serve?
Seanergy Maritime Holdings Corp. is headquartered in Glyfada, Greece, a coastal suburb of Athens. The company was incorporated in 2008 and has its operational base in Greece, which is a traditional hub for global shipping. Seanergy serves the global seaborne transportation market, providing dry bulk shipping services to customers worldwide. Its vessels operate across various trade routes, transporting commodities between major exporting and importing regions. The company's fleet is deployed in the international spot market and under time charters, serving a diverse customer base that includes commodity traders, mining companies, and utilities.
How does Seanergy Maritime Holdings Corp. (SHIP) generate revenue?
Seanergy Maritime Holdings Corp. generates revenue primarily by providing seaborne transportation services for dry bulk commodities using its fleet of vessels. The company operates 18 Capesize and two Newcastlemax dry bulk vessels, which are among the largest types of bulk carriers, designed for high-efficiency transport of commodities like iron ore and coal. Revenue is earned through voyage charters (where the company is paid for transporting a specific cargo) and time charters (where vessels are leased to customers for a fixed period). The company's earnings are influenced by global supply and demand for dry bulk shipping, freight rates, and vessel utilization. By maintaining a modern fleet and focusing on cost-efficient operations, Seanergy aims to maximize its revenue and profitability in the cyclical shipping market.