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■ Seanergy Maritime Holdings Corp. Reports Record Financial Results for the Third Quarter and Nine - Month Period Ended September 30 , 2021 ■ seanergy Highlights of the Third Quarter of 2021 : Gross revenues : $ 50 million in Q3 2021 , as compared to $ 20.4 million in Q3 2020 , up 146 % Net Income : $ 20.1 million in Q3 2021 , as compared to $ 3.6 million in Q3 2020 , up 459 % EBITDA¹ : $ 30.1 million in Q3 2021 , as compared to $ 12.7 million in Q3 2020 , up 137 % Adjusted EBITDA¹ : $ 32.2 million in Q3 2021 , as compared to $ 7.8 million in Q3 2020 , up 312 % Highlights of the Nine Months ended September 30 , 2021 : ■ The Only US Listed Pure - Play Capesize Company SHIP NASDAQ LISTED ■ Gross revenues : $ 100 million in 9M 2021 , as compared to $ 43.5 million in 9M 2020 , up 130 % Net Income : $ 20.7 million in 9M 2021 , as compared to a net loss of $ 16 million in 9M 2020 EBITDA¹ : $ 47.4 million in 9M 2021 , as compared to $ 11.6 million in 9M 2020 , up 307 % Adjusted EBITDA¹ : $ 51.4 million in 9M 2021 , as compared to $ 7.3 million in 9M 2020 , up 602 % First Nine Months of 2021 and Recent Developments : Acquisition of 7 modern Japanese Capesizes and sale of our oldest vessel in 2021 to date , representing total investment of $ 193.2 million and fleet increase of 55 % Ten new time - charter employment agreements with world - renowned charterers 100 % of the fleet employed under time - charters ( " T / Cs " ) , 88 % of which at index - linked rates Financing and refinancing transactions of $ 134.2 million November 2 , 2021 - Glyfada , Greece - Seanergy Maritime Holdings Corp. ( the " Company " ) ( NASDAQ : SHIP ) , announced today its financial results for the third quarter ended September 30 , 2021 . For the quarter ended September 30 , 2021 , the Company generated gross revenues of $ 50.0 million , a 146 % increase compared to the third quarter of 2020. Adjusted EBITDA for the quarter was $ 32.2 million , from $ 7.8 million in the same period of 2020. Net income for the third quarter was $ 20.1 million compared to net income of $ 3.6 million in the third quarter of 2020. The daily Time Charter Equivalent ( " TCE " ) ¹ of the fleet for the third quarter of 2021 was $ 30,764 , marking a 90 % increase compared to $ 16,219 for the same period of 2020 . For the nine - month period ended September 30 , 2021 , gross revenues were $ 100.0 million , increased by 130 % when compared to $ 43.5 million in the same period of 2020. Adjusted EBITDA for the first nine months of 2021 was $ 51.4 million , compared to an adjusted EBITDA of $ 7.3 million in the same period of 2020. The daily TCE of the fleet for the first nine months of 2021 was $ 23,449 compared to $ 10,267 in the first nine months of 2020 . 1 EBITDA and TCE rate are non - GAAP measures . Please see the reconciliation below of EBITDA to net income and TCE rate to net revenues from vessels , in each case the most directly comparable U.S. GAAP measure . 1