Seanergy Maritime Holdings Corp. Announces
Sale of Panamax Vessel

October 31, 2012 - Athens, Greece

Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today the sale of the BET Intruder, a 69,235 dwt Panamax drybulk vessel, built in 1993, at a gross price of US$4.8 million. The vessel was delivered to its new owners on October 29, 2012. The Company used the sale proceeds to reduce debt.

Following the completion of sale of the BET Intruder, the Company's fleet consists of two Capesize, two Panamax, two Supramax and nine Handysize dry bulk carriers with an average age of 14.1 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 15 dry-bulk carriers (two Capesize, two Panamax, two Supramax, and nine Handysize vessels) with a total carrying capacity of approximately 812,131 dwt and an average fleet age of 14.1 years. The Company's common stock trades on the NASDAQ Global Market under the symbol “SHIP”.

Seanergy Maritime Corp. press release