Greece: Seanergy Maritime Holdings Corp. Enters into New Time Charter Agreement

Seanergy Maritime Holdings Corp. announced today that the Company has entered into a new time charter agreement forone of its Supramax vessels.

The M/V Davakis G., a 54,051 Supramax dry bulk carrier built in 2008, has entered into a time charter agreement for a period of about twelve to about eighteen months at a gross charter rate of $14,500 per

day with a first class charterer. The charter will commence following the completion of the M/V Davakis G.’s current voyage.

As a result of this new time charter agreement, the Company has now secured 93% of its ownership days for 2011, 64% for 2012 and 24% for 2013, based on the latest redelivery date of the charter party

agreements.

About Seanergy Maritime Holdings Corp.

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.

The Company’s current fleet consists of 20 drybulk carriers (four Capesize, three Panamax, two Supramax, one Handymax and ten Handysize vessels) with a total carrying capacity of approximately

1,293,693 dwt and an average fleet age of 13.5 years.

The Company’s common stock and warrants trade on the NASDAQ Global Market under the symbols “SHIP” and “SHIP.W”, respectively.

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Source: Seanergymaritime, July 14, 2011