Seanergy Maritime
Seanergy Maritime Holdings Corp. is a NASDAQ-listed pure-play Capesize dry bulk shipping company operating a fleet of 20 Capesize and Newcastlemax vessels to transport iron ore, coal, and bauxite for global commodity traders, mining companies, and industrial charterers.
- Company typePublic
- Founded2008
- HeadquartersGlyfáda, Greece
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Seanergy Maritime does
Seanergy Maritime Holdings Corp. is a pure-play Capesize dry bulk shipping company incorporated in the Marshall Islands with executive offices in Glyfada, Greece, listed on the NASDAQ Capital Market under the ticker SHIP. The company owns and operates a fleet of 20 Capesize and Newcastlemax vessels with approximately 3,633,861 deadweight tons of cargo carrying capacity, transporting iron ore, coal, and bauxite across global shipping lanes for major commodity traders (Trafigura, Cargill Ocean Transportation) and mining companies (Anglo American). The company was founded in January 2008 and has evolved into one of only two publicly traded pure-play Capesize shipping companies globally.
The business model centers on chartering vessels at daily rates, employing a balanced strategy that mixes fixed-rate time charters (e.g., 50% of 2026 fleet days locked at $29,000/day) and index-linked contracts tied to the Baltic Capesize Index. Spot voyage charters are also executed for individual cargo movements. Seanergy generates additional management fee income from related-party United Maritime Corporation, which was spun off in 2022 and remains a minority-held entity receiving master management, technical management, and commercial services. Distribution is direct: the commercial team negotiates time and spot charter fixtures with charterers without intermediaries.
The company pursues aggressive fleet renewal, having invested over $425 million since 2020 to more than double its fleet. In February 2026 the newbuilding program was expanded to six eco-design Capesize and Newcastlemax vessels from Chinese shipyards Hengli and Jiangsu Hantong, totaling $460 million with deliveries scheduled for 2027-2028. The company operates with conservative leverage (43% loan-to-value), high fleet utilization (above 96%), five consecutive years of profitability, and 18 consecutive quarterly dividends. Other technology initiatives are limited to evaluating AI tools for internal fleet operations, knowledge management, and development cycles, with no disclosed proprietary AI products.
Seanergy Maritime firmographics
Firmographics- Name
- Seanergy Maritime
- Legal name
- Seanergy Maritime Holdings Corp.
- Website
- https://seanergymaritime.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Seanergy Maritime Holdings Corp. is a NASDAQ-listed pure-play Capesize dry bulk shipping company operating a fleet of 20 Capesize and Newcastlemax vessels to transport iron ore, coal, and bauxite for global commodity traders, mining companies, and industrial charterers.
- Ownership category
- akta.pro rank
Seanergy Maritime industry classification
Industry- Product category
- Dry Bulk Shipping Services
- NAICS
- Deep Sea Freight Transportation (483111), Deep Sea, Coastal, and Great Lakes Water Transportation (48311)
- SIC
- Deep Sea Foreign Transportation Of Freight (4412)
- akta.pro primary industry
- Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize) (TLADAKAA)
- akta.pro secondary industry
- Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize) (TLADABAC)
Keywords
Where Seanergy Maritime is headquartered
LocationHeadquarters
- HQ city
- Glyfáda
- HQ country
- Greece
- HQ region
- Europe
Offices2 records
Markets served
Seanergy Maritime business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others
Revenue model
- Time Charter Revenue: Revenue from time charter contracts where vessels are chartered for a specified period at a daily rate. The company uses a balanced chartering strategy combining index-linked and fixed-rate contracts.
- Spot Charter / Voyage Revenue: Revenue from spot market voyage charters for specific cargo transport trips. Spot rates fluctuate based on the Baltic Capesize Index.
- Management Fee Income: Seanergy earns management fees from United Maritime Corporation under master management and technical management agreements, including fixed fees per day/month plus commercial management commissions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Index-linked time charter contracts tied to the Baltic Capesize Index |
| Subscription | Monthly | Fixed-rate time charter contracts for contracted fleet days |
| Unit Pricing | Pay-as-you-go | Bareboat charter arrangements (e.g., Dukeship at $9,450/day + $22M purchase obligation) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Seanergy Maritime product offering
Product offeringCore offering
Seanergy Maritime Holdings Corp. is a pure-play Capesize dry bulk shipping company that owns and operates a fleet of 20 Capesize and Newcastlemax vessels with approximately 3,633,861 deadweight tons of cargo carrying capacity. The company transports dry bulk commodities — primarily iron ore, coal, and bauxite — for global commodity traders, mining companies, and industrial charterers under time charter and spot voyage charter contracts. Operations are supported by in-house technical and commercial ship management.
Product overview
Seanergy Maritime Holdings Corp. is a pure-play Capesize dry bulk shipping company operating a fleet of 20 vessels with approximately 3,633,861 dwt of cargo carrying capacity. The company provides global transportation solutions for dry bulk commodities (iron ore, coal, and bauxite) through its fleet of Capesize and Newcastlemax vessels, offering both time charter and spot charter arrangements. The core fleet is complemented by fleet management services (technical and commercial management), ESG reporting capabilities, and participation in decarbonization research through the SAFeCRAFT Consortium. The company is listed on NASDAQ under the symbol SHIP with executive offices in Glyfada, Greece.
Differentiator
Problem solved
Functional benefit
Products and services
- Dry Bulk Shipping Services
Quantifiable outcome
- 77% year-over-year revenue increase in Q1 2026 ($42.9M vs $24.2M)
- +4 more outcomes
Companies that use Seanergy Maritime
Customer profileNamed customers4 records
Segments1 record
Ideal customer profiles1 record
Seanergy Maritime technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Seanergy Maritime partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- SAFeCRAFT ConsortiumcoreSeanergy participates in the SAFeCRAFT Consortium for decarbonization research. The consortium focuses on developing and researching green technologies and practices for the shipping industry, supporting Seanergy's ESG and green loan strategy tied to CO2 emissions reduction.
- Capital LinkminorSeanergy cooperates with Capital Link to distribute press releases, corporate actions, annual reports, and newsletters to investors and the public. Capital Link hosts virtual company presentations featuring Seanergy management.
- United Maritime CorporationcoreUnited Maritime is a spin-off of Seanergy and remains a related party. Seanergy earns management fees from United under master management and technical management agreements. Seanergy sold the MV Dukeship to United via an 18-month bareboat charter ($9,450/day + $22M purchase obligation). United divested smaller Kamsarmax vessels and acquired Capesize vessels, reshaping its fleet toward larger vessels.
Scale indicators14 records
Recent moves8 records
Expansion highlights5 records
Seanergy Maritime competitors and assessment
Company assessmentDirect peers
- Star Bulk Carriers: Pure-play dry bulk shipping company listed on NASDAQ (SBLK) operating a large fleet of Capesize and Newcastlemax vessels — directly comparable to Seanergy on ship size, customer base, and business model.
- Golden Ocean Group: Dry bulk shipping company listed on NASDAQ (GOGL) with a Capesize-focused fleet serving the same global commodity traders and miners. Operates similar vessel sizes and charter strategies.
- Genco Shipping & Trading: NASDAQ-listed (GNK) dry bulk shipper with a mix of Capesize, Ultramax and Supramax vessels transporting iron ore, coal, and grains — highly comparable on customer type and time-charter/voyage mix.
- Eagle Bulk Shipping: NASDAQ-listed (EGLE) dry bulk owner-operating Supramax/Ultramax vessels; comparable in scale and pure-play dry bulk strategy though focused on the smaller vessel class.
- Diana Shipping: NYSE-listed (DSX) dry bulk owner with a diversified fleet including Capesize vessels; comparable time-charter revenue model and commodity-cargo customer base.
- Safe Bulkers: NYSE-listed (SB) dry bulk shipping company operating Panamax, Kamsarmax, and Capesize vessels; comparable Greek-shipowner DNA and chartering strategy with iron ore/coal focus.
- United Maritime Corporation: Seanergy's 2022 spin-off; NASDAQ-listed (USEA) dry bulk operator with Kamsarmax/Capesize exposure under master management agreements with Seanergy. Direct operational overlap and shared customer relationships.
Broad incumbents
- International Seaways: NYSE-listed (INSW) diversified tanker and dry bulk owner; broader portfolio gives fixed-income-like stability, but dry bulk segment is directly comparable to Seanergy's Capesize focus.
- Costamare: NYSE-listed (CMRE) Greek shipowner primarily in containerships but with a dry bulk platform; less directly comparable but overlapping on Greek-shipping business model and customer base.
Emerging players
- Pangaea Logistics Solutions: NASDAQ-listed (PANL) niche dry bulk operator focused on specialized ice-class vessels and short-sea trades; not a direct Capesize competitor but comparable as a publicly-traded pure-play dry bulk operator.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Seanergy Maritime social profiles
Digital presenceSeanergy Maritime compliance and trust
Trust signalCompliance1 record
Seanergy Maritime financial estimates
Financial estimateRevenue estimate
Valuation estimate
Seanergy Maritime leadership team
Management profileNumber of profiles
Profiles1 record
Seanergy Maritime subsidiaries and ownership
Company hierarchySubsidiaries24 records
Seanergy Maritime funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Seanergy Maritime M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Seanergy Maritime
What does Seanergy Maritime do?
Seanergy Maritime Holdings Corp. is a pure-play Capesize dry bulk shipping company that owns and operates a fleet of 20 Capesize and Newcastlemax vessels with approximately 3,633,861 deadweight tons of cargo carrying capacity. The company transports dry bulk commodities — primarily iron ore, coal, and bauxite — for global commodity traders, mining companies, and industrial charterers under time charter and spot voyage charter contracts. Operations are supported by in-house technical and commercial ship management.
Is Seanergy Maritime a public or private company?
Seanergy Maritime is a public company. It is classified as public and is currently operating.
When was Seanergy Maritime founded?
Seanergy Maritime was founded in 2008. It employs 101 to 250 people.
Where is Seanergy Maritime based?
Seanergy Maritime is headquartered in Glyfáda, Greece, in the Europe region.
How does Seanergy Maritime make money?
Three revenue lines are on record. Time Charter Revenue is the primary driver. The others are spot Charter / Voyage Revenue and management Fee Income.
Who are Seanergy Maritime's main competitors?
Direct peers on record are Star Bulk Carriers, Golden Ocean Group, Genco Shipping & Trading, Eagle Bulk Shipping, Diana Shipping, Safe Bulkers and United Maritime Corporation. Broad incumbents are International Seaways and Costamare. Pangaea Logistics Solutions is listed as an emerging player.
Does Seanergy Maritime have an API?
No public API is recorded for Seanergy Maritime.
What industry is Seanergy Maritime in?
Seanergy Maritime's product category is Dry Bulk Shipping Services. Its primary akta.pro industry code is TLADAKAA, Dry Bulk Ocean Shipping (Capesize/Panamax/Handysize), with a secondary code of TLADABAC, Bulk Dry Cargo Carriers (Capesize/Panamax/Supramax/Handysize). Its NAICS code is 483111 and its SIC code is 4412.