Seanergy Maritime Q1 2026 Financial Results: Strong Earnings, $0.20 Dividend, and $460M Fleet Renewal

Seanergy Maritime Holdings Corp. reported strong first quarter 2026 financial results with net revenues of $42.9 million, up 77% year-over-year, and net income of $9.7 million compared to a $6.8 million loss in Q1 2025. The company declared its 18th consecutive quarterly cash dividend of $0.20 per share. Seanergy announced significant fleet renewal progress, expanding its program to $460 million across six modern eco-design Capesize/Newcastlemax vessels, with three new contracts added in 2026. The company also agreed to sell a 2010-built Capesize vessel for $29.5 million. Financially, the company achieved a fleet TCE rate of $24,219 per day, an 81% increase year-over-year, and provided Q2 2026 TCE guidance of approximately $31,430 per day. Cash and equivalents stood at $68.8 million as of March 31, 2026.