Seanergy Maritime Holdings Announces Sale of Handysize Vessel For $11.25M

Seanergy Maritime Holdings SHIP announced today the sale of the Clipper Grace, a 30,548 dwt Handysize drybulk vessel, built in 2007, at a gross price of US$11.25 million. The vessel was delivered to its new owners on October 15, 2012. The Company will use the sale proceeds to reduce debt and for working capital purposes. Following the completion of sale of the Clipper Grace, the Company's fleet consists of two Capesize, three Panamax, two Supramax and nine Handysize dry bulk carriers with an average age of 14.4 years. 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 16 dry-bulk carriers (two Capesize, three Panamax, two Supramax, and nine Handysize vessels) with a total carrying capacity of approximately 881,366 dwt and an average fleet age of 14.4 years. The Company's common stock trades on the NASDAQ Global Market under the symbol "SHIP."