Seanergy Maritime Holdings Corp.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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Jun 30, 2026 · Filed Aug 6, 2026
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SHIP$14.12+1.9%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · Performance Indicators
Performance Indicators
The figures shown below are non-GAAP statistical ratios used by management to measure performance of our vessels. For the “Fleet Data” figures, there are no comparable U.S. GAAP measures.
| Six months ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Fleet Data: | ||
| Ownership days | 3,459 | 3,689 |
| Available days(1) | 3,363 | 3,529 |
| Operating days(2) | 3,356 | 3,507 |
| Fleet utilization | 97.0% | 95.1% |
| Average Daily Results: | ||
| TCE rate(3) | $28,244 | $16,679 |
| Daily Vessel Operating Expenses (4) | $7,143 | $6,937 |
| (1) | During the six months ended June 30, 2026, we incurred 96 off-hire days for scheduled dry-dockings. During the six months ended June 30, 2025, we incurred 160 off-hire days for scheduled dry-dockings. |
| (2) | During the six months ended June 30, 2026, we incurred 7 off-hire days due to other unforeseen circumstances. During the six months ended June 30, 2025, we incurred 22 off-hire days due to other unforeseen circumstances. |
| (3) | We include TCE rate (a measure of the average daily revenue performance), which is not a recognized measure under U.S. GAAP, because we believe it provides additional meaningful information in conjunction with net revenues from vessels, the most directly comparable U.S. GAAP measure, and because it assists our management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. Our calculation of TCE rate may not be comparable to that reported by other companies. The following table reconciles our net revenues from vessels to TCE rate. |
| Six months ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands of US Dollars, except operating days and TCE rate) | ||
| Vessel revenue, net | $96,744 | $60,340 |
| Voyage expenses | $(1,958) | $(1,847) |
| Time charter equivalent revenues | $94,786 | $58,493 |
| Operating days | 3,356 | 3,507 |
| Daily time charter equivalent rate | $28,244 | $16,679 |
| (4) | We include Daily Vessel Operating Expenses, which is not a recognized measure under U.S. GAAP, as we believe it provides additional meaningful information and assists management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. Our calculation of Daily Vessel Operating Expenses may not be comparable to that reported by other companies. The following table reconciles our vessel operating expenses to Daily Vessel Operating Expenses. |
| Six months ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (In thousands of US Dollars, except ownership days and Daily Vessel Operating Expenses) | ||
| Vessel operating expenses | $24,706 | $26,346 |
| Less: Pre-delivery expenses | - | (757) |
| Vessel operating expenses before pre-delivery expenses | $24,706 | $25,589 |
| Ownership days | 3,459 | 3,689 |
| Daily Vessel Operating Expenses | $7,143 | $6,937 |
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