Curated News
By: NewsRamp Editorial Staff
September 04, 2024
Seanergy Maritime Reports Record Q2 and H1 Results, Boosts Dividend; United Maritime Rises Through Strategic Investments
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- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has reported a record-breaking second quarter, driving growth and delivering value to investors.
- Seanergy's performance was driven by strategic moves, including acquiring a modern Capesize vessel and a focus on the Capesize market.
- Seanergy's success in the Capesize sector is making the world a better place by delivering high shareholder returns and enhancing its fleet.
- Seanergy's strong performance is attributed to strategic decisions positioning the company as a leading dry bulk operator with a pure-play Capesize fleet.
Impact - Why it Matters
The news is important for investors interested in the maritime sector and those seeking to diversify their portfolios. The strong performance of these companies reflects the overall positive outlook for the Capesize market, driven by growing demand for iron ore and coal imports in China and the Brazilian export market.
Summary
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) reported record-breaking Q2 and H1 results, boosting quarterly dividends and introducing a new payout policy. The U.S.-listed, Athens-based company posted a net income of $14.1 million in Q2 2024, compared to $700,000 a year ago. This performance is credited to strategic moves and a focus on the Capesize market. The company also revealed plans to acquire a modern Capesize vessel in Q3.
United Maritime Corporation (Nasdaq: USEA), spun off from Seanergy, is making strategic investments and declared its seventh consecutive quarterly dividend of $0.075 per share. Both companies remain optimistic about the robust demand in the Capesize sector, driven by growing iron ore and coal imports in China and a similar demand in the Brazilian export market.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Seanergy Maritime Reports Record Q2 and H1 Results, Boosts Dividend; United Maritime Rises Through Strategic Investments
