ATHENS, GREECE--(Marketwired - Dec 1, 2016) - Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP), announced today
that it has taken delivery of a 178,838 dwt Capesize dry bulk vessel, renamed to M/V Lordship and built in 2010 by Hyundai Heavy
Industries in South Korea. The M/V Lordship is the first of two Capesize vessels that the Company has agreed to acquire for
a gross purchase price of $20.75 million per vessel. The second Capesize vessel, of 178,978 dwt and to be renamed M/V Knightship,
also built in 2010 by Hyundai Heavy Industries, is expected to be delivered to the Company during December 2016.
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is an international provider of marine dry bulk shipping services through the
ownership and operation of dry bulk vessels. The Company is incorporated in the Marshall Islands with executive offices in
Athens, Greece and an office in Hong Kong. Including the newly-delivered M/V Lordship, the Company currently owns a modern fleet
of a total of nine dry bulk carriers, consisting of seven Capesizes and two Supramaxes, with a combined cargo-carrying capacity
of approximately 1,324,391 DWT and an average fleet age of about 7.9 years.
The Company's common shares trade on the Nasdaq Capital Market under the symbol "SHIP."
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as "may,"
"should," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are
based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the
Company's ability to continue as a going concern; the Company's operating or financial results; the Company's liquidity,
including its ability to pay amounts that it owes and obtain additional financing in the future to fund capital expenditures,
acquisitions and other general corporate activities; competitive factors in the market in which the Company operates; shipping
industry trends, including charter rates and factors affecting vessel supply and demand; future, pending or recent acquisitions
and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating
expenses; risks associated with operations outside the United States; and other factors listed from time to time in the Company's
filings with the SEC, including its most recent annual report on Form 20-F. The Company's filings can be obtained free of charge
on the SEC's website at www.sec.gov. Except to the extent required by law, the
Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.