Seanergy Maritime report Q3 2023

Dry bulk shipping company Seanergy Maritime (SHIP) announced their Q3 2023 earnings earlier today.

  • Net revenue of $24.5M
  • Net loss of $5M (adjusted Net loss of $2.4M)
  • Fleet TCE avg of $15298 daily
  • Declared dividend of 2.5c/sh

Just a reminder, the company focuses on the Cape vessel category (1 Newcastlemax, 16 Capes) in the 10 - 15 yo range. SHIP have a spin off entity, United Maritime (USEA) that has occasionally been the beneficiary of SHIP’s older vessels