Seanergy Maritime Holdings Corp Secures Charter Extension for One of Its Handysize Vessels

Seanergy Maritime Holdings Corp.

announced today that it has entered into an agreement with MUR Shipping BV to extend the time charter party for the Company's Handysize vessel M/V African Joy, in direct continuation from the end of the minimum period of the previous time charter party of the vessel with MUR. The charter has been extended for a period of eleven to thirteen months at a gross charter rate linked to the adjusted Time Charter Average of the Baltic Handysize Index. As a result of this extension, the Company has time charter arrangements covering 74% of its ownership days for 2012 and 22% for 2013. The M/V African Joy is a 26,482 dwt Handysize dry bulk carrier built in 1996.