Seanergy Maritime Holdings Corp. (SHIP) Form 6-K — May 29, 2026
Seanergy Maritime Holdings Corp. (SHIP) reported a strong first quarter of 2026, with net revenues surging 77% year-over-year to $42.9 million and net income turning positive at $9.7 million, compared to a $6.8 million loss in the prior year. Adjusted EBITDA reached $28.1 million, up 251% YoY, driven by a fleet TCE rate of $24,219 per day, which traded at a 6% premium to the Baltic Capesize Index. The company declared its 18th consecutive quarterly cash dividend of $0.20 per share and announced a significant expansion of its fleet renewal program to $460 million across six modern eco-design Capesize and Newcastlemax newbuildings.
Key figures
- Eps
- 0.45
- Revenue
- 42900000
- Guidance
- Q2 2026 TCE ~$31,430/day
- Net Income
- 9700000
- Total Debt
- 319700000
- Revenue Yoy
- +77%
- Cash Position
- 68800000
- Fleet Tce
- 24219
- Adjusted Ebitda
- 28100000
- Dividend Per Share
- 0.2
- New Debt Financing
- 237000000
- Vessel Sale Proceeds
- 29500000
- Cumulative Dividends
- 2.84
- Adjusted Ebitda Growth
- +251%
- Newbuilding Program Value
- 460000000
AI analysis
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