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CMA Shipping 2011

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Following a Successful Strategy

Earlier this week, Seanergy Maritime Holdings announced that it had entered into a letter of intent with Maritime Capital Shipping (Holdings) Ltd (‘Holdings”) to acquire a 51% interest in Maritime Capital Shipping Limited (“MCS”), a company founded by Mark Harris formerly of Pacific Basin in 2006. The company operates a fleet of 9 handysize bulkcarriers, with an average age of ~10.7 years, that it employs on time and bareboat charterers with well-established operators. Holdings, a company controlled by the Restis family, will retain a 49% interest in MCS.

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