6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of September 2016

Commission File Number: 001-34848

SEANERGY MARITIME HOLDINGS CORP.

(Translation of registrant's name into English)

16 Grigoriou Lambraki Street

166 74 Glyfada

Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F [X] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as

permitted by Regulation S-T Rule 101(b)(1): ___

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)7: ___

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this report on Form 6-K as Exhibit 99.1 is Management's Discussion and Analysis of Financial Condition and Results of Operations and the Unaudited Interim Condensed Consolidated Financial Statements of Seanergy Maritime Holdings Corp. (the "Company") for the six months ended June 30, 2016.

Attached to this report on Form 6-K as Exhibit 101 is the following financial information from the Company's Unaudited Interim Condensed Consolidated Financial Statements for the six months ended June 30, 2016, formatted in Extensible Business Reporting Language (XBRL): (i) Consolidated Balance Sheets as of June 30, 2016 (unaudited) and December 31, 2015; (ii) Unaudited Interim Condensed Consolidated Statement of Loss for the six-month periods ended June 30, 2016 and 2015; (iii) Unaudited Interim Condensed Consolidated Statements of Stockholders' Equity for the six-month periods ended June 30, 2016 and 2015; (iv) Unaudited Interim Condensed Consolidated Statements of Cash Flows for the six-month periods ended June 30, 2016 and 2015; and (v) Notes to Unaudited Interim Condensed Consolidated Financial Statements.

This report on Form 6-K and the exhibits hereto are hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-205301) filed with the U.S. Securities and Exchange Commission with an effective date of August 14, 2015.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SEANERGY MARITIME HOLDINGS CORP. (Registrant)
Dated: September 29, 2016
	/s/ Stamatis Tsantanis By: Stamatis Tsantanis Chief Executive Officer

EXHIBIT 99.1

Forward-Looking Statements

This report contains certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, but are not limited to, statements regarding our or our management's expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this report are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. As a result, you are cautioned not to rely on any forward-looking statements.

In addition to these important factors, important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include among other things:

· our ability to continue as a going concern;

· our future operating or financial results;

· our financial condition and liquidity, including our ability to pay amounts that we owe, obtain additional financing in the future to fund capital expenditures, acquisitions and other general corporate activities;

· shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand;

· the number of newbuildings under construction in the drybulk shipping industry;

· our ability to complete future, pending or recent acquisitions and dispositions, including as a result of some failure of a seller or buyer;

· risks related to business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses;

· the useful lives and changes in the value of our vessels and their impact on our compliance with loan covenants;

· the aging of our fleet and increases in operating costs;

· potential liability from future litigation and incidents involving our vessels;

· damage to our vessels;

· our ability to leverage the relationships and reputation in the drybulk shipping industry of our managers;

· availability of crew, number of off-hire days, classification survey requirements and insurance costs;

· global and regional economic and political conditions;

· changes in seaborne and other transportation patterns;

· changes in governmental rules and regulations or actions taken by regulatory authorities;

· acts of terrorism and other hostilities; and

· other factors listed from time to time in registration statements, reports or other materials that we have filed with or furnished to the Commission, including our most recent annual report on Form 20-F.

These factors are not necessarily all of the important factors that could cause actual results or developments to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could harm our results. Consequently, there can be no assurance that actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, us. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. If one or more forward-looking statements are updated, no inference should be drawn that additional updates will be made with respect to those or other forward-looking statements.

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MANAGEMENT'S DISCUSSION AND ANALYSIS OFFINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following management's discussion and analysis should be read in conjunction with our audited consolidated financial statements and related notes included herein. Unless the context indicates otherwise, references to the "Company", "we" or "our" include Seanergy Maritime Holdings Corp. and its subsidiaries. This discussion contains forward-looking statements that reflect our current views with respect to future events and financial performance. Our actual results may differ materially from those anticipated in these forward-looking statements.

Overview

We are an international shipping company specializing in the worldwide seaborne transportation of dry bulk commodities.  In March 2014, we completed our financial restructuring by the sale of our then existing fleet and cancelling of all our financial obligations, while in 2015 we acquired our fleet of eight dry bulk carriers.

Operating Results

Factors Affecting our Results of Operations Overview

On December 23, 2014, we entered into an agreement with an unaffiliated third party for the purchase of a secondhand Capesize vessel for $17.1 million. The acquisition was funded with proceeds from a senior secured loan, an unsecured convertible promissory note issued to our principal shareholder, who we refer to as our Sponsor, and the sale of common stock to our Sponsor. The vessel was delivered in March 2015.

On August 6, 2015, we entered into a purchase agreement with entities affiliated with our Sponsor to acquire seven secondhand dry bulk vessels, consisting of five Capesize and two Supramax vessels for an aggregate purchase price of $183.4 million. The acquisitions were funded with proceeds from senior secured loans, a revolving convertible promissory note issued to our Sponsor, and the sale of common stock to our Sponsor. We took delivery of all seven vessels between September and December 2015.

On January 7, 2016, we effected a 1-for-5 reverse split of our common stock. The reverse stock split became effective and the common stock began trading on a split-adjusted basis on the NASDAQ Capital Market at the opening of trading on January 8, 2016. There was no change in the number of authorized shares or the par value of our common stock. All share and per share amounts disclosed herein give effect to this reverse stock split retroactively, for all periods presented.

Important Measures for Analyzing Results of Operations

We use a variety of financial and operational terms and concepts. These include the following:

Ownership days. Ownership days are the total number of calendar days in a period during which we owned each vessel in our fleet. Ownership days are an indicator of the size of the fleet over a period and affect both the amount of revenues and the amount of expenses recorded during that period.

Available days. Available days are the number of ownership days less the aggregate number of days that our vessels are off-hire due to major repairs, drydockings or special or intermediate surveys. The shipping industry uses available days to measure the aggregate number of days in a period during which vessels should be capable of generating revenues.

Operating days. Operating days are the number of available days in a period less the aggregate number of days that vessels are off-hire for any reason, including off-hire days between successive voyages, as well as other unforeseen circumstances. The shipping industry uses operating days to measure the aggregate number of days in a period during which vessels actually generate revenues.

Fleet utilization. Fleet utilization is the percentage of time that our vessels were generating revenue, and is determined by dividing operating days by ownership days for the relevant period.

Fleet utilization excluding drydocking and lay-up off-hire days. Fleet utilization excluding drydocking and lay-up off-hire days is calculated by dividing the number of the fleet's operating days during a period by the number of available days during that period. The shipping industry uses fleet utilization excluding drydocking and lay-up off-hire days to measure a company's efficiency in finding suitable employment for its vessels and excluding the amount of days that its vessels are off-hire for reasons such as scheduled repairs, vessel upgrades, dry dockings, special or intermediate surveys and lay-ups.

Off-hire. The period a vessel is unable to perform the services for which it is required under a charter.

Drydocking.  We periodically drydock each of our vessels for inspection, repairs and maintenance and any modifications to comply with industry certification or governmental requirements.

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Time charter. A time charter is a contract for the use of a vessel for a specific period of time during which the charterer pays substantially all of the voyage expenses, including port costs, canal charges and fuel expenses. The vessel owner pays the vessel operating expenses, which include crew wages, insurance, technical maintenance costs, spares, stores and supplies and commissions on gross voyage revenues. The vessel owner is also responsible for each vessel's drydocking and intermediate and special survey costs.  Time charter rates are usually fixed during the term of the charter. Prevailing time charter rates do fluctuate on a seasonal and year-to-year basis and may be substantially higher or lower from a prior time charter agreement when the subject vessel is seeking to renew the time charter agreement with the existing charterer or enter into a new time charter agreement with another charterer. Fluctuations in time charter rates are influenced by changes in spot charter rates.

Voyage charter.  A voyage charter is generally a contract to carry a specific cargo from a load port to a discharge port for an agreed-upon total amount. Under voyage charters, voyage expenses such as port charges, bunker expenses, canal charges and other commissions are paid by the vessel owner.

TCE.  Time charter equivalent, or TCE, rate is defined as our net revenue less voyage expenses during a period divided by the number of our operating days during the period. Voyage expenses include port charges, bunker expenses, canal charges and other commissions.

Principal Factors Affecting Our Business

The principal factors that affect our financial position, results of operations and cash flows include the following:

· number of vessels owned and operated;

· voyage charter rates;

· the nature and duration of our voyage charters;

· vessels repositioning;

· vessel operating expenses and direct voyage costs;

· maintenance and upgrade work;

· the age, condition and specifications of our vessels;

· amount of debt obligations and restructuring of debt obligations; and

· financing costs related to vessels indebtedness.

We are also affected by the types of charters we enter into.  Vessels operating on period time charters and bareboat time charters provide more predictable cash flows, but can yield lower profit margins than vessels operating in the spot charter market, either on trip time charters or voyage charters, during periods characterized by favorable market conditions.

Vessels operating in the spot charter market generate revenues that are less predictable, but can yield increased profit margins during periods of improvements in dry bulk rates. Spot charters also expose vessel owners to the risk of declining dry bulk rates and rising fuel costs in case of voyage charters. All of our vessels in 2015 and 2016 operated in the spot charter market.

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Results of Operations

Six months ended June 30, 2016 as compared to six months ended June 30, 2015 (In thousands of U.S. Dollars, except for share and per share data)

	Six months ended June 30,						Change
	2016			2015			Amount			%
Revenues:
Vessel revenue, net		15,165			1,757			13,408			763	%
Expenses:
Direct voyage expenses		(9,505	)		(995	)		(8,510	)		855	%
Vessel operating expenses		(6,698	)		(939	)		(5,759	)		613	%
Management fees		(454	)		(48	)		(406	)		846	%
General and administrative expenses		(1,540	)		(1,385	)		(155	)		11	%
Depreciation and amortization		(4,436	)		(158	)		(4,278	)		2,708	%
Operating loss		(7,468	)		(1,768	)		(5,700	)		322	%
Other expenses:
Interest and finance costs		(4,379	)		(273	)		(4,106	)		1,504	%
Other, net		(12	)		(15	)		3			(20	)%
Total other expenses, net:		(4,391	)		(288	)		(4,103	)		1,425	%
Net loss		(11,859	)		(2,056	)		(9,803	)		477	%
Net loss per common share, basic and diluted		(0.61	)		(0.29	)
Weighted average number of common shares outstanding, basic and diluted		19,370,412			7,130,807

Vessel Revenue, Net - The increase was attributable to the increase in operating days.  We had 1,208 operating days in the first six months of 2016 as compared to 88 operating days in the first six months of 2015.  In 2015 we acquired eight vessels, with the first vessel delivered on March 19, 2015 and the remaining seven vessels delivered between September 11, 2015 and December 7, 2015.

Direct Voyage Expenses - The increase was attributable to the increase in ownership days.

Vessel Operating Expenses - The increase was attributable to the increase in ownership days.

Management Fees - The increase was attributable to the increase in ownership days.

General and Administrative Expenses – The increase is mainly attributable to stock based compensation amortization.

Depreciation and Amortization – The increase was attributable to the increase in ownership days.

Interest and Finance Costs - The increase was primarily attributable to the fact that the first of our five credit facilities was drawn down on March 17, 2015 and our other four credit facilities were drawn down between September 11, 2015 and December 7, 2015. Furthermore, our indebtedness under the two convertible promissory notes with Jelco Delta Holding Corp., or Jelco, a company affiliated with Claudia Restis, who is also our major shareholder, was higher in the first six months of 2016 as compared to the first six months of 2015 due to additional drawdowns of $9.4 million during the first six months of 2016 under the unsecured revolving convertible promissory note, dated September 7, 2015. The weighted average interest rate on our outstanding debt and convertible promissory notes for the six months ended 2016 and 2015 was approximately 3.87% and 4.36%, respectively.

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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 US GAAP measures.

	Six months ended June 30,
Fleet Data:	2016			2015
Ownership days(1)		1,456			103
Available days(2)		1,354			103
Operating days(3)		1,208			88
Fleet utilization(4)		83	%		85	%
Fleet utilization excluding drydocking & lay-up off hire days(5)		89	%		85	%
Average Daily Results:
TCE rate(6)	$	4,685		$	8,659
Daily Vessel Operating Expenses(7)	$	4,600		$	9,117

(1) Ownership days are the total number of days in a period during which the vessels in a fleet have been owned. Ownership days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we recorded during a period.

(2) Available days are the number of ownership days less the aggregate number of days that vessels are off-hire due to major repairs, drydockings special or intermediate surveys, or days of vessels in lay-ups. The shipping industry uses available days to measure the number of ownership days in a period during which vessels should be capable of generating revenues. During the six months ended June 30, 2016 we incurred 102 off-hire days for a vessel lay-up.

(3) Operating days are the number of available days in a period less the aggregate number of days that vessels are off-hire for any reason, including off-hire days between successive voyages, as well as other unforeseen circumstances. The shipping industry uses operating days to measure the aggregate number of days in a period during which vessels actually generate revenues. In the six months ended June 30, 2016, we incurred 144 off-hire days between voyages and 2 off-hires due to other unforeseen circumstances.

(4) Fleet utilization is the percentage of time that our vessels were generating revenue, and is determined by dividing operating days by ownership days for the relevant period.

(5) Fleet utilization excluding drydocking and lay-up off-hire days is calculated by dividing the number of the fleet's operating days during a period by the number of available days during that period. The shipping industry uses fleet utilization excluding drydocking and lay-up off-hire days to measure a Company's efficiency in finding suitable employment for its vessels and excluding the amount of days that its vessels are off-hire for reasons such as scheduled repairs, vessel upgrades, dry dockings, special or intermediate surveys and lay-ups.

(6) TCE rate is defined as our net revenue less voyage expenses during a period divided by the number of our operating days during the period. Voyage expenses include port charges, bunker (fuel oil and diesel oil) expenses, canal charges and other commissions.  We include TCE rate, a non-GAAP measure, as we believe it provides additional meaningful information in conjunction with net revenues from vessels, the most directly comparable US GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and in evaluating their 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,
	2016				2015
(In thousands of US Dollars, except operating days and TCE rate)
Net revenues from vessels		$	15,165			$	1,757
Voyage expenses			(9,505	)			(995	)
Net operating revenues		$	5,660			$	762
Operating days			1,208				88
Daily time charter equivalent rate		$	4,685			$	8,659

(7) Vessel operating expenses include crew costs, provisions, deck and engine stores, lubricants, insurance, maintenance and repairs. Daily Vessel Operating Expenses are calculated by dividing vessel operating expenses by ownership days for the relevant time periods.  We include daily vessel operating expenses, a non-GAAP measure, as we believe it provides additional meaningful information in conjunction with vessel operating expenses, the most directly comparable US GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and in evaluating their 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.

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	Six months ended June 30,
	2016			2015
(In thousands of US Dollars, except ownership days and Daily Vessel Operating Expenses)
Vessel operating expenses		$	6,698		$	939
Ownership days			1,456			103
Daily Vessel Operating Expenses		$	4,600		$	9,117

Liquidity and Capital Resources

Our principal source of funds has been our operating cash flow, long-term borrowings from banks and our shareholders, and equity provided by the capital markets and our shareholders. Our principal use of funds has primarily been capital expenditures to establish our fleet, maintain the quality of our dry bulk carriers, comply with international shipping standards and environmental laws and regulations, fund working capital requirements, and make principal repayments and interest payments on our outstanding debt obligations.

As of June 30, 2016, we had cash and restricted cash of $3.1 million, as compared to $3.4 million as of December 31, 2015.

Working capital is equal to current assets minus current liabilities, including the current portion of long-term debt. As of June 30, 2016, we had a working capital deficit of $1 million.

As of June 30, 2016, we had total indebtedness of $178 million, excluding unamortized financing fees.

Since December 31, 2015, significant transactions impacting our liquidity and capital resources include:

We have amended certain terms in four of our five loan facilities and have also made seven amendments to our unsecured revolving convertible promissory note to Jelco dated September 7, 2015 and one amendment to our unsecured convertible promissory note to Jelco dated March 12, 2015. Please see "Description of Indebtedness - Credit Facilities" and "Description of Indebtedness - Convertible Promissory Notes" below.

In a direct offering that was completed on August 10, 2016, we sold 1,180,000 shares of common stock to an unaffiliated institutional investor at a purchase price of $4.15 per share, for aggregate gross proceeds of $4.9 million. The net proceeds from the sale of the securities, after deducting placement agent fees and related offering expenses, are approximately $4.1 million. The net proceeds of this offering are expected to be used for general corporate purposes.

On September 26, 2016 we entered into separate agreements with an unaffiliated third party for the purchase of two secondhand Capesize vessels for a gross purchase price of $20.75 million per vessel. The vessels are expected to be delivered between mid-November 2016 and early January 2017, subject to the satisfaction of certain customary closing conditions.

Our cash flow projections indicate that cash on hand and cash provided by operating activities might not be sufficient to cover the liquidity needs that become due in the twelve-month period ending June 30, 2017. We have relied on Jelco for both vessel acquisitions and funding of general corporate purposes during 2015 and for further funding during 2016. We also intend to apply additional measures to reduce potential cash flow shortfall if current dry bulk charter rates remain at today's historical low levels. We have undertaken a cost-cutting initiative to decrease our daily vessel operating expenses. We are continuously exploring raising additional equity and debt through public or private transactions in the capital markets.

Given these facts we cannot provide any assurance that we will in fact operate our business profitably or generate sufficient revenue or operating cash flow.

Cash Flows

	Six months ended June 30,
	2016			2015
Cash Flow Data:
Net cash used in operating activities		(9,195	)		(1,906	)
Net cash used in investing activities		-			(17,127	)
Net cash provided by financing activities		8,950			17,206

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Six months ended June 30, 2016 as compared to six months ended June 30, 2015

Operating Activities: Net cash used in operating activities for the six month period ended June 30, 2016, was adjusted by $5 million of non-cash items, attributable to depreciation and amortization charges for the period and an increase in working capital of $2.3 million. Net cash used in operating activities for the six month period ended June 30, 2015 was adjusted by $0.3 million of non-cash items, attributable to depreciation and amortization charges for the period and a decrease in working capital of $0.1 million.

Investing Activities: The 2015 cash outflow resulted from the acquisition of our vessel MV Leadership in March 2015.

Financing Activities: The 2016 cash inflow resulted from proceeds of $9.4 million drawn down from our unsecured revolving convertible promissory note issued on September 7, 2015, to Jelco, which proceeds were used for general corporate purposes and debt repayments of $0.5 million. The 2015 cash inflow resulted from $8.8 million proceeds obtained from loan agreement, $4.8 million proceeds from common stock issuances, and $4 million drawn down from our unsecured convertible promissory note issued on March 12, 2015, to Jelco, which proceeds were used for the acquisition of our vessel MV Leadership, for general corporate purposes and debt repayment of $0.2 million.

Description of Indebtedness

Credit Facilities

March 2015 Alpha Bank A.E. Loan Facility

On March 6, 2015, we entered into a $8.75 million secured floating interest rate loan facility with Alpha Bank A.E. to partly finance the acquisition of the Leadership. On December 23, 2015 and July 28, 2016, we entered into a first and second supplemental agreement respectively to the Alpha Bank A.E. facility agreement. As amended to date the facility provides as follows: The facility bears interest at LIBOR plus a margin of 3.75% and is repayable in twenty consecutive quarterly installments. The first four installments are $0.2 million each, the next one installment is $0.25 million, the next four installments are $0.1 million each and the next final eleven installments are $0.25 million each, with a final balloon payment of $4.55 million due on March 17, 2020. The borrower under the facility is our applicable vessel-owning subsidiary, and the facility is guaranteed by Seanergy Maritime Holdings Corp. The facility is secured by a first preferred mortgage over the vessel, a general assignment covering earnings, insurances, charter parties and requisition compensation, an account pledge agreement and technical and commercial managers' undertakings. The facility also imposes certain operating and financing covenants. Certain of these covenants may significantly limit or prohibit, among other things, borrower's ability to incur additional indebtedness, create liens, sell capital shares of subsidiaries, engage in mergers, or sell vessel without the consent of the relevant lenders. Certain other covenants require ongoing compliance, including requirements that we, on a consolidated basis generally maintain from June 30, 2018 a percentage ratio of net debt to total assets that does not exceed 75%, from June 30, 2018 a ratio of EBITDA to net interest expense that is not less than 2:1, and liquidity in a specified amount. In addition, from July 1, 2017 the borrower shall ensure that the market value of the vessel plus any additional security to total facility outstanding shall not be less than 125%. The lender may accelerate the maturity of the facility and foreclose upon the collateral securing the indebtedness upon the occurrence of certain events of default, including a failure to comply with any of the covenants contained in the facility. The facility also places a restriction on our ability to distribute dividends to our shareholders, that is the amount of the dividends so declared shall not exceed 50% of Guarantor's net income except in case the cash and marketable securities are equal or greater than the amount required to meet the Guarantor's Debt Service for the following eighteen-month period. As of June 30, 2016, $7.7 million was outstanding under the facility, excluding the unamortized financing fees.

HSH Nordbank AG Loan Facility

On September 1, 2015, we entered into a $44.4 million senior secured loan facility with HSH Nordbank AG to finance the acquisition of the Geniuship and Gloriuship. On May 16, 2016 we entered into a supplemental letter to the HSH Nordbank AG facility agreement. As amended to date the facility provides as follows: The facility bears interest at LIBOR plus a margin between 3.25% and 3.6% and is repayable in twelve consecutive quarterly instalments of $1.0 million each, commencing on September 30, 2017, with a final balloon payment of $31.8 million due on June 30, 2020. Effective as of March 1, 2016, the mandatory prepayment of $3 million is deferred to June 30, 2018. The borrowers under the facility are the two applicable vessel-owning subsidiaries, and the facility is guaranteed by Seanergy Maritime Holdings Corp. The facility was made available in two advances, each advance comprised of two tranches.  On October 13, 2015, we drew the first advance of $27.6 million in order to the finance the acquisition of the Geniuship.  On November 3, 2015, we drew the second advance of $16.8 million in order to finance the acquisition of the Gloriuship.  The facility is secured by a first priority mortgage over each of the vessels, a general assignment covering earnings, charter parties, insurances and requisition compensation for each of the vessels, an earnings account pledge agreement for each of the vessels, technical and commercial managers' undertaking, a shares security deed of the two borrowers' shares and a master agreement assignment.  The facility also imposes certain operating and financing covenants.  Certain of these covenants may significantly limit or prohibit, among other things, borrowers' ability to incur additional indebtedness, sell capital shares of subsidiaries, make certain investments, engage in mergers and acquisitions, or sell vessels without the consent of the relevant lenders.  Certain other covenants require ongoing compliance, including requirements that we, on a consolidated basis generally maintain from September 30, 2017 a percentage ratio of total liabilities to total assets that does not exceed 75%, commencing on September 30, 2017 a ratio of EBITDA to interest payments that is not less than 2:1, and liquidity in a specified amount. In addition, from September 30, 2017 the borrowers shall ensure that the market value of the vessels plus any additional security to total facility outstanding shall not be less than 120%. The facility also places a restriction on the borrowers' ability to distribute dividends to Seanergy Maritime Holdings Corp., in case the market values of Geniuship and Gloriuship plus any additional security is less than 145% of total facility outstanding and the cash balance of the borrowers post distribution of dividends is less than $3 million. The latter restriction applies not later than June 30, 2018. As of June 30, 2016, $44.4 million was outstanding under the facility, excluding the unamortized financing fees.

7

UniCredit Bank AG Loan Facility

On September 11, 2015, we entered into a $52.7 million secured term loan facility with UniCredit Bank AG to partly finance the acquisition of the Premiership, Gladiatorship and Guardianship. On June 3, 2016 and July 29, 2016, we entered into an amendment no. 1 and a supplemental letter respectively to the UniCredit Bank AG facility agreement. As amended to date the facility provides as follows: The facility bears interest at LIBOR plus a margin of between 2.75% and 3.20%. Effective as of June 13, 2016, the supplemental agreement has split the margin into a cash portion and a capitalized portion. The capitalized portion of the margin will be repaid in full by June 30, 2017. The facility is repayable in fifteen consecutive quarterly instalments of $1.6 million each, commencing on June 26, 2017, with a final balloon payment of $29.4 million due on December 28, 2020. The borrowers under the facility are the three applicable vessel-owning subsidiaries, and the facility is guaranteed by Seanergy Maritime Holdings Corp.  The facility was made available in three tranches.  On September 11, 2015, we drew the first tranche of $25.4 million to partly finance the acquisition of the Premiership.  On September 29, 2015, we drew the second tranche of $13.6 million to partly finance the acquisition of the Gladiatorship.  On October 21, 2015, we drew the third tranche of $13.6 million to partly finance the acquisition of the Guardianship. The facility is secured by a first preferred mortgage over each of the relevant vessels, a general assignment covering earnings, charter parties, insurances and requisition compensation for each of the vessels, an account pledge agreement for each of the vessels, technical and commercial managers' undertaking, a shares security deed of the three applicable vessel owning subsidiaries' shares and a hedging agreement assignment.  The facility also imposes certain operating and financing covenants.  Certain of these covenants may significantly limit or prohibit, among other things, borrowers' ability to incur additional indebtedness, create liens, engage in mergers, or sell vessels without the consent of the relevant lenders.  Certain other covenants require ongoing compliance, including requirements that we, on a consolidated basis generally maintain from September 30, 2017 a percentage ratio of total liabilities to total assets that does not exceed 75%, from September 30, 2017 a ratio of EBITDA to net interest expense that is not less than 2:1, and liquidity in a specified amount. In addition, from June 30, 2017 and from September 11, 2017 the borrowers shall ensure that the market value of the vessels plus any additional security and minimum liquidity to total facility outstanding shall not be less than 100% and 120%, respectively. As of June 30, 2016, $52.7 million was outstanding under the facility, excluding the unamortized financing fees.

November 2015 Alpha Bank A.E. Loan Facility

On November 4, 2015, we entered into a $33.8 million secured floating interest rate loan facility with Alpha Bank A.E. to partly finance the acquisition of the Squireship.  On July 28, 2016 we entered into a first supplemental agreement to the Alpha Bank A.E. facility agreement. As amended to date the facility provides as follows: The facility bears interest at LIBOR plus a margin of 3.50% and is repayable in sixteen consecutive quarterly instalments of $0.8 million each, commencing on February 12, 2018, with a final balloon payment of $20.3 million due on November 10, 2021. The borrower under the facility is our applicable vessel-owning subsidiary, and the facility is guaranteed by Seanergy Maritime Holdings Corp.  The facility is secured by a first preferred mortgage over the vessel, a general assignment covering earnings, insurances, charter parties and requisition compensation, an account pledge agreement and technical and commercial managers' undertaking. The facility also imposes certain operating and financing covenants.  Certain of these covenants may significantly limit or prohibit, among other things, borrower's ability to incur additional indebtedness, create liens, sell capital shares of subsidiaries, engage in mergers, or sell vessel without the consent of the relevant lenders. Certain other covenants require ongoing compliance, including requirements that we, on a consolidated basis generally maintain from June 30, 2018 a percentage ratio of net debt to total assets that does not exceed 75%, from June 30, 2018 a ratio of EBITDA to net interest expense that is not less than 2:1, and liquidity in a specified amount. In addition, from January 1, 2018 the borrower shall ensure that the market value of the vessel plus any additional security to total facility outstanding shall not be less than 125%.  The facility also places a restriction on our ability to distribute dividends to our shareholders, that is the amount of the dividends so declared shall not exceed 50% of Guarantor's net income except in case the cash and marketable securities are equal or greater than the amount required to meet the Guarantor's Debt Service for the following eighteen-month period. As of June 30, 2016, $33.8 million was outstanding under the facility, excluding the unamortized financing fees.

Natixis Loan Facility

On December 2, 2015, we entered into a $39.4 million secured term loan facility with Natixis to partly finance the acquisition of the Championship.  The facility bears interest at LIBOR plus a margin of 2.50% and is repayable in fifteen consecutive quarterly instalments of $1.0 million each, commencing on June 30, 2017, with a final balloon payment of $24.6 million due on February 26, 2021. The borrower under the facility is our applicable vessel-owning subsidiary, and the facility is guaranteed by Seanergy Maritime Holdings Corp. The facility is secured by a first priority mortgage over the vessel, a general assignment covering earnings, insurances and requisition compensation, an account pledge agreement, a commercial manager undertaking and a technical manager undertaking.  The facility also imposes certain operating and financing covenants. Certain of these covenants may significantly limit or prohibit, among other things, borrower's ability to incur additional indebtedness, create liens, engage in mergers, or sell vessels without the consent of the relevant lenders. Certain other covenants require ongoing compliance, including requirements that we maintain from January 1, 2018 a percentage ratio of total liabilities to total assets that does not exceed  75%, from January 1, 2018 a ratio of EBITDA to net interest expense that is not less than 2:1, and liquidity in a specified amount. In addition, from February 1, 2017 the borrower shall ensure that the market value of the vessel plus any additional security to total facility outstanding shall not be less than 120%. As of June 30, 2016, $39.4 million was outstanding under the facility, excluding the unamortized financing fees.

8

Convertible Promissory Notes

On March 12, 2015, we issued an unsecured convertible promissory note for $4.0 million to Jelco. The note is repayable in ten consecutive semi-annual installments of $0.2 million, along with a balloon installment of $2.0 million payable on the final maturity date, March 19, 2020. The note bears interest at three month LIBOR plus a margin of 5% with interest payable quarterly. We have the right to defer up to three consecutive installments to the balloon installment. As of the date of this report we have deferred two installments due for payment on March 19, 2016 and on September 16, 2016 to the final maturity date. At Jelco's option, the principal amount under the convertible note may be paid at any time in common shares at a conversion price of $0.90 (adjusted for the reverse stock split discussed above according to the terms of the convertible note) per share.  The holder also received customary registration rights with respect to any shares received upon conversion of the note.  As of June 30, 2016, $3.8 million was outstanding under the note.

On September 7, 2015, we issued an unsecured revolving convertible promissory note to Jelco for an amount up to $6.8 million, or the Applicable Limit. Following seven amendments to the note between December 2015 and June 2016, the Applicable Limit was raised to $21.2 million. The Applicable Limit will be reduced by $3.1 million each year after the second year following the first drawdown. The aggregate outstanding principal is repayable on September 10, 2020, however, principal is also repayable earlier to the extent that the aggregate outstanding principal exceeds the Applicable Limit (as it may be reduced from time to time). The Convertible Note bears interest at three month LIBOR plus a margin of 5% with interest payable quarterly. At Jelco's option, our obligation to repay the principal amount under the revolving convertible note may be paid in common shares at a conversion price of $0.90 (adjusted for the reverse stock split discussed above according to the terms of the convertible note) per share. The holder also received customary registration rights with respect to any shares received upon conversion of the note. As of June 30, 2016, $21.2 million was outstanding under the note.

Tabular Disclosure of Contractual Obligations

The following table sets forth our contractual obligations as of June 30, 2016 (in thousands of U.S. Dollars):

Contractual Obligations	Total		less than 1 year		1-3 years		3-5 years		more than 5 years
Long-term debt	$	177,997	$	2,937	$	38,754	$	114,369	$	21,937
Convertible promissory notes		24,965		200		7,000		17,765		-
Interest expense - long term debt		27,840		6,908		12,654		7,755		523
Interest expense - convertible  promissory notes		5,576		1,422		2,566		1,588		-
Total	$	236,378	$	11,467	$	60,974	$	141,477	$	22,460

2016 Annual Meeting of Shareholders

On September 28, 2016, we held our 2016 Annual Meeting of Shareholders, or the Meeting, in Athens, Greece pursuant to a Notice of Annual Meeting of Shareholders dated August 17, 2016.  At the Meeting, each of the following proposals, which was set forth in more detail in the Notice of Annual Meeting of Shareholders and the Company's Proxy Statement sent to shareholders on or around August 17, 2016, were approved and adopted: (i) the election of two Class A Directors, Stamatios Tsantanis and Elias Culucundis, to serve until the 2019 Annual Meeting of Shareholders and (ii) the approval of the appointment of Ernst & Young (Hellas) Certified Auditors - Accountants S.A. to serve as the Company's independent auditors for the fiscal year ending December 31, 2016.

9

Seanergy Maritime Holdings Corp.

INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Page
Consolidated Balance Sheets as of June 30, 2016 (unaudited) and December 31, 2015	F-2
Unaudited Interim Condensed Consolidated Statement of Loss for the six-month periods ended June 30, 2016 and 2015	F-3
Unaudited Interim Condensed Consolidated Statements of Stockholders' Equity for the six-month periods ended June 30, 2016 and 2015	F-4
Unaudited Interim Condensed Consolidated Statements of Cash Flows for the six-month periods ended June 30, 2016 and 2015	F-5
Notes to Unaudited Interim Condensed Consolidated Financial Statements	F-6

F-1

Seanergy Maritime Holdings Corp.

Consolidated Balance Sheets

As of June 30, 2016 (unaudited) and December 31, 2015

(In thousands of US Dollars, except for share and per share data)

	Notes		June 30, 2016			December 31, 2015
ASSETS
Current assets:
Cash and cash equivalents				3,059			3,304
Restricted cash				50			50
Accounts receivable trade, net				1,584			1,287
Inventories		4		2,455			2,980
Other current assets		5		888			657
Total current assets				8,036			8,278
Fixed assets:
Vessels, net		6		195,655			199,840
Office equipment, net				29			40
Total fixed assets				195,684			199,880
Other assets:
Deferred charges				913			1,194
Other non-current assets				5			-
TOTAL ASSETS				204,638			209,352
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Current portion of long-term debt, net of deferred finance costs		7		2,683			718
Current portion of convertible promissory notes		3		249			103
Trade accounts and other payables		8		3,212			5,979
Accrued liabilities				2,254			2,296
Deferred revenue				668			154
Total current liabilities				9,066			9,250
Non-current liabilities:
Long-term debt, net of current portion and deferred finance costs		7		174,407			176,787
Long-term portion of convertible promissory notes		3		261			31
Total liabilities				183,734			186,068
Commitments and contingencies		10		-			-
STOCKHOLDERS EQUITY
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued				-			-
Common stock, $0.0001 par value; 500,000,000 authorized shares as at June 30, 2016 and December 31, 2015; 19,514,410 and 19,522,413 shares issued and outstanding as at June 30, 2016 and December 31, 2015, respectively		11		2			2
Additional paid-in capital		3		346,600			337,121
Accumulated deficit				(325,698	)		(313,839	)
Total Stockholders' equity				20,904			23,284
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY				204,638			209,352

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-2

Seanergy Maritime Holdings Corp.

Unaudited Interim Condensed Consolidated Statements of Loss

For the six-month periods ended June 30, 2016 and 2015

(In thousands of US Dollars, except for share and per share data)

			Six-month period ended June 30,
	Notes		2016			2015
Revenues:
Vessel revenue				15,719			1,826
Commissions				(554	)		(69	)
Vessel revenue, net				15,165			1,757
Expenses:
Direct voyage expenses				(9,505	)		(995	)
Vessel operating expenses				(6,698	)		(939	)
Management fees				(454	)		(48	)
General and administration expenses				(1,540	)		(1,315	)
General and administration expenses - related party		3		-			(70	)
Amortization of deferred dry-docking costs				(240	)		-
Depreciation		6		(4,196	)		(158	)
Operating loss				(7,468	)		(1,768	)
Other expenses, net:
Interest and finance costs		12		(3,442	)		(124	)
Interest and finance costs - related party		3 & 12		(937	)		(149	)
Foreign currency exchange losses, net				(12	)		(15	)
Total other expenses, net				(4,391	)		(288	)
Net loss				(11,859	)		(2,056	)
Net loss per common share
Basic and diluted		13		(0.61	)		(0.29	)
Weighted average common shares outstanding
Basic and diluted		13		19,370,412			7,130,807

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-3

Seanergy Maritime Holdings Corp.

Unaudited Interim Condensed Consolidated Statements of Stockholders' Equity

For the six-month periods ended June 30, 2016 and 2015

(In thousands of US Dollars, except for share data)

	Common stock
	# of Shares			Par Value			Additional paid-in capital		Accumulated deficit			Total equity
Balance, January 1, 2015		3,977,854			-			307,559		(304,883	)		2,676
Issuance of common stock (Note 11)		5,333,500			-			4,800		-			4,800
Issuance of convertible promissory notes (Note 3)			-			-		4,000		-			4,000
Net loss for the six months ended June 30, 2015		-			-			-		(2,056	)		(2,056	)
Balance, June 30, 2015		9,311,354			-			316,359		(306,939	)		9,420
	Common stock
	# of Shares			Par Value			Additional paid-in capital		Accumulated deficit			Total equity
Balance, January 1, 2016		19,522,413			2			337,121		(313,839	)		23,284
Issuance of convertible promissory notes (Note 3)		-			-			9,400		-			9,400
Stock based compensation (Note 14)		(8,003	)		-			79		-			79
Net loss for the six months ended June 30, 2016		-			-			-		(11,859	)		(11,859	)
Balance, June 30, 2016		19,514,410			2			346,600		(325,698	)		20,904

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-4

Seanergy Maritime Holdings Corp.

Unaudited Interim Condensed Consolidated Statements of Cash Flows

For the six-month periods ended June 30, 3016 and 2015

(In thousands of US Dollars)

	Six-month period ended June 30,
	2016			2015
Cash flows from operating activities:
Net loss		(11,859	)		(2,056	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		4,196			158
Amortization of deferred dry-docking costs		240			-
Amortization of deferred finance charges		120			20
Amortization of convertible promissory note beneficial conversion feature		376			89
Stock based compensation		79			-
Changes in operating assets and liabilities:
Accounts receivable trade, net		(297	)		(472	)
Inventories		525			(677	)
Other current assets		(231	)		(11	)
Deferred charges		41			-
Other non-current assets		(5	)		-
Trade accounts and other payables		(2,767	)		788
Due to related parties		-			(105	)
Accrued liabilities		(127	)		360
Deferred revenue		514			-
Net cash used in operating activities		(9,195	)		(1,906	)
Cash flows from investing activities:
Acquisition of vessels		-			(17,127	)
Net cash used in investing activities		-			(17,127	)
Cash flows from financing activities:
Net proceeds from issuance of common stock		-			4,800
Proceeds from long-term debt		-			8,750
Proceeds from convertible promissory notes		9,400			4,000
Payments of financing costs		-			(144	)
Repayments of long-term debt		(450	)		(200	)
Net cash provided by financing activities		8,950			17,206
Net decrease in cash and cash equivalents		(245	)		(1,827	)
Cash and cash equivalents at beginning of period		3,304			2,873
Cash and cash equivalents at end of period		3,059			1,046
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest		3,749			125

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-5

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

1. Basis of Presentation and General Information:

Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") was formed under the laws of the Republic of the Marshall Islands on January 4, 2008, with executive offices located in Athens, Greece. The Company provides global transportation solutions in the dry bulk shipping sector through its vessel-owning subsidiaries.

On January 8, 2016, the Company's common stock began trading on a split-adjusted basis, following a December 22, 2015 approval from the Company's Board of Directors to reverse split the Company's common stock at a ratio of one-for-five. There was no change in the number of authorized shares or the par value of the Company's common stock. Following the reverse stock split, the number of shares issued and outstanding was reduced by 3 shares due to rounding. All share and per share amounts disclosed in the consolidated financial statements and notes give effect to this reverse stock split retroactively, for all periods presented.

The accompanying unaudited interim condensed consolidated financial statements include the accounts of Seanergy Maritime Holdings Corp. and its subsidiaries (collectively, the "Company" or "Seanergy").

The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America ("U.S. GAAP") and applicable rules and regulations of the U.S. Securities and Exchange Commission (the "SEC") for certain financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These statements and the accompanying notes should be read in conjunction with the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2015, filed with the SEC on April 20, 2016.

In the opinion of management, these unaudited interim condensed consolidated financial statements, reflect all adjustments, which include only normal recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Operating results for the six-month period ended June 30, 2016, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2016.

a. Going Concern:

The Company acquired eight vessels in 2015 in accordance with its business plan to expand the fleet.

As of June 30, 2016, the Company was in compliance with or has cured any events of non-compliance of all its financial covenants and asset coverage ratios contained in its debt agreements as amended (Notes 7 and 15). Most financial covenants and asset coverage ratios will be tested commencing in mid 2017. Scheduled debt installment payments for the twelve month period ending June 30, 2017, amount to $2,937 (Note 7).

Given the current dry bulk charter rates, the Company's cash flow projections indicate that cash on hand and cash provided by operating activities might not be sufficient to cover the liquidity needs that become due in the twelve-month period ending June 30, 2017.

The Company has relied on Jelco Delta Holding Corp., or Jelco, a company affiliated with Claudia Restis, who is also the Company's major shareholder, for both vessel acquisitions and funding for general corporate purposes during 2015 and for further funding during 2016.

On August 5, 2016, the Company entered into a securities purchase agreement with an unaffiliated third party, which is an institutional investor, under which the Company sold 1,180,000 of its common shares in a registered direct offering at a price of $4.15 per share. On August 10, 2016, the Company completed the registered direct offering for net proceeds of approximately $4,147, which proceeds are expected to be used for general corporate purposes (Note 15).

The Company has applied additional measures to reduce potential cash flow shortfall if current dry bulk charter rates remain at today's historical low levels. The Company has undertaken a cost-cutting initiative to decrease its daily vessel operating expenses. The Company is continuously exploring raising additional equity from both capital markets and private investors.

These consolidated financial statements have been prepared assuming that the Company will continue as a going concern. Accordingly, they do not include any adjustments relating to the recoverability and classification of recorded asset amounts, the amounts and classification of liabilities, or any other adjustments that might result in the event the Company is unable to continue as a going concern.

F-6

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

b. Subsidiaries in Consolidation:

Seanergy's subsidiaries included in these consolidated financial statements as of June 30, 2016, are as follows:

Company	Country of Incorporation	Date of Incorporation	Vessel name	Date of Delivery	Date of Sale/Disposal	Financed by
Seanergy Management Corp.(1) (3)	Marshall Islands	May 9, 2008	N/A	N/A	N/A	N/A
Seanergy Shipmanagement Corp.(1) (3)	Marshall Islands	September 16, 2014	N/A	N/A	N/A	N/A
Sea Glorius Shipping Co.(1)	Marshall Islands	September 16, 2014	Gloriuship	November 3, 2015	N/A	HSH Nordbank AG
Sea Genius Shipping Co.(1)	Marshall Islands	September 16, 2014	Geniuship	October 13, 2015	N/A	HSH Nordbank AG
Leader Shipping Co.(1)	Marshall Islands	January 15, 2015	Leadership	March 19, 2015	N/A	Alpha Bank A.E.
Premier Marine Co.(1)	Marshall Islands	July 9, 2015	Premiership	September 11, 2015	N/A	UniCredit Bank AG
Gladiator Shipping Co.(1)	Marshall Islands	July 9, 2015	Gladiatorship	September 29, 2015	N/A	UniCredit Bank AG
Guardian Shipping Co.(1)	Marshall Islands	July 9, 2015	Guardianship	October 21, 2015	N/A	UniCredit Bank AG
Champion Ocean Navigation Co.(1)	Liberia	August 6, 2015	Championship	December 7, 2015	N/A	Natixis
Squire Ocean Navigation Co.(1)	Liberia	August 6, 2015	Squireship	November 10, 2015	N/A	Alpha Bank A.E.
Pembroke Chartering Services Limited (4)	Malta	December 2, 2015	N/A	N/A	N/A	N/A
Amazons Management Inc.(1)	Marshall Islands	April 21, 2008	Davakis G.	August 28, 2008	March 6, 2014	Piraeus Bank
Lagoon Shipholding Ltd.(1)	Marshall Islands	April 21, 2008	Delos Ranger	August 28, 2008	March 11, 2014	Piraeus Bank
Cynthera Navigation Ltd.(1)	Marshall Islands	March 18, 2008	African Oryx	August 28, 2008	April 10, 2013	Piraeus Bank
Martinique International Corp.(1)	British Virgin Islands	May 14, 2008	Bremen Max	September 11, 2008	March 7, 2014	Piraeus Bank
Harbour Business International Corp.(1)	British Virgin Islands	April 1, 2008	Hamburg Max	September 25, 2008	March 10, 2014	Piraeus Bank
Waldeck Maritime Co.(1)	Marshall Islands	April 21, 2008	African Zebra	September 25, 2008	February 15, 2012	Piraeus Bank
Maritime Capital Shipping Limited (1)	Bermuda	April 30, 2007	N/A	N/A	N/A	N/A
Maritime Capital Shipping (HK) Limited (3)	Hong Kong	June 16, 2006	N/A	N/A	N/A	N/A
Maritime Glory Shipping Limited (2)	British Virgin Islands	April 8, 2008	Clipper Glory	May 21, 2010	December 4, 2012	HSBC
Maritime Grace Shipping Limited (2)	British Virgin Islands	April 8, 2008	Clipper Grace	May 21, 2010	October 15, 2012	HSBC
Atlantic Grace Shipping Limited (5)	British Virgin Islands	October 9, 2007	N/A	N/A	N/A	N/A

(1) Subsidiaries wholly owned

(2) Vessel owning subsidiaries owned by Maritime Capital Shipping Limited (or "MCS")

(3) Management company

(4) Chartering services company

(5) Dormant company

2. Significant Accounting Policies:

A discussion of the Company's significant accounting policies can be found in the Company's consolidated financial statements included in the Annual Report on Form 20-F for the year ended December 31, 2015, filed with the SEC on April 20, 2016. There have been no material changes to these policies in the six-month period ended June 30, 2016.

On January 1, 2016, the Company adoptedAccounting Standards Update ("ASU") No. 2015-02 Consolidation (Topic 810): Amendments to the Consolidation Analysis effective for the fiscal year ending December 31, 2016 and interim periods within this fiscal year. The adoption of this guidance had no impact on the Company's results of operations, cash flows and net assets for any period.

On January 1, 2016, the Company adoptedASU No. 2015-15 Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update) effective for the fiscal year ending December 31, 2016 and  interim periods within this fiscal year. The adoption of this guidance had no impact on the Company's results of operations, cash flows and net assets for any period.

Recent accounting pronouncements

The Financial Accounting Standards Board ("FASB") issued the following amendments which clarifies the guidance in ASU No. 2014-09 and has the same effective date as the original standard: ASU No. 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients and ASU No. 2016-11 Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting issued in May 2016; ASU No. 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing issued in April 2016; and ASU No. 2016-08 Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net) issued in March 2016. On August 12, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers, which amends ASU No. 2014-09 (issued by the FASB on May 28, 2014 and which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This standard is effective for public entities with reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. The Company is currently evaluating the impact, if any, of the adoption of this new standard and amendments.

F-7

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting which is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. This standard is effective for public entities with annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period.  The Company believes that the implementation of this update will not have any material impact on its financial statements and has not elected early adoption.

In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade  receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and  any other financial assets not excluded from the scope that have the contractual right to receive cash. This standard is effective for public business entities that are U.S. Securities and Exchange Commission ("SEC") filers, with reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2018. The Company is currently evaluating the impact, if any, of the adoption of this new standard.

In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230) – Classification of Certain Cash Receipts and Cash Payments which addresses the following eight specific cash flow issues with the objective of reducing the existing diversity in practice: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017 including interim periods within that reporting period, however early adoption is permitted. The Company is currently evaluating the provisions of this guidance and assessing its impact on its consolidated financial statements and notes disclosures.

(a) Concentration of Credit Risk

Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable. The Company places its cash and cash equivalents, consisting mostly of deposits, with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of the financial institutions in which it places its deposits. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers' financial condition. Customers individually accounting for more than 10% of the Company's revenues during the six-month periods ended June 30, 2016 and 2015, were:

Customer	2016	2015
A	20%	-
B	15%	-
C	10%	-
D	-	100%
Total	45%	100%

3. Transactions with Related Parties:

a.Convertible Promissory Notes:

On March 12, 2015 ("commitment date"), the Company issued an unsecured convertible promissory note of $4,000 to Jelco for general corporate purposes. The convertible note is repayable in ten consecutive semi-annual installments of $200, along with a balloon installment of $2,000 payable on the final maturity date, March 19, 2020. The note bears interest of Libor plus a margin with quarterly interest payments. At Jelco's option, the outstanding principal amount under the convertible note may be paid at any time in common shares at a conversion price of $0.90 (as adjusted for the reverse stock split discussed in Note 1 above according to the terms of the convertible note) per share. The Company has the right to defer up to three consecutive installments to the final maturity date.

F-8

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

The Company accounted for the issuance of the convertible promissory note in accordance with the beneficial conversion features ("BCF") guidance of ASC 470-20. The intrinsic value of the BCF was determined as the number of shares converted from the convertible note times the positive difference between the fair value of the stock on the commitment date and the contractual conversion price. Since the intrinsic value of the BCF at the commitment date was greater than the proceeds allocated to the convertible instrument, the amount of the discount assigned to the BCF was limited to the amount of the proceeds allocated to the convertible instrument. As of December 31, 2015, the Company had paid the first installment, with the entire payment recorded as a reduction to Additional paid-in capital. As of June 30, 2016, the Company has deferred the installment due for payment on March 19, 2016 to the final maturity date. The gain or loss on the extinguishment of the convertible debt instrument is the difference between the carrying amount and the consideration allocated to the debt instrument. The partial extinguishment of debt as a result of the payment is shown as a gain on extinguishment and is included under interest and finance costs – related party.

The debt movement is presented below:

	Applicable limit	Debt discount		Accumulated deficit		Debt
Balance, December 31, 2014	-	-		-		-
Additions	4,000	(4,000	)	-		-
Amortization (Note 12)	-	-		89		89
Balance, June 30, 2015	4,000	(4,000	)	89		89
Amortization	-	-		214		214
Partial extinguishment of debt	-	-		(200	)	(200	)
Balance, December 31, 2015	4,000	(4,000	)	103		103
Amortization (Note 12)	-	-		146		146
Balance, June 30, 2016	4,000	(4,000	)	249		249

The equity movement is presented below:

	Additional paid-in capital
Balance, December 31, 2014	-
Intrinsic value of BCF	4,000
Consideration allocated to repurchase BCF	(200	)
Balance, December 31, 2015	3,800
Balance, June 30, 2016	3,800

On September 7, 2015 ("commitment date"), the Company issued an unsecured revolving convertible promissory note of up to $6,765 (the "Applicable Limit") to Jelco for general corporate purposes. The revolving convertible promissory note has a tenor of up to five years after the first drawdown and the Applicable Limit will be reduced by $1,000 each year after the second year following the first drawdown. The note bears interest of Libor plus a margin with quarterly interest payments. At Jelco's option, the Company's obligation to repay the principal amount under the revolving convertible note may be paid in common shares at a conversion price of $0.90 (as adjusted for the reverse stock split discussed in Note 1 above according to the terms of the convertible note) per share. The unsecured revolving convertible promissory note has been amended seven times, increasing the maximum principal amount available to be drawn to $21,165, while also increasing the amount by which the Applicable Limit will be reduced to $3,100. The Company has drawn down the entire $21,165 as of June 30, 2016.

The Company accounted for the issuance of the revolving convertible promissory note in accordance with the BCF guidance of ASC 470-20. The intrinsic value of the BCF was determined as the number of shares converted from the convertible note times the positive difference between the fair value of the stock on the commitment date and the contractual conversion price. Since the intrinsic value of the BCF at the commitment date was greater than the proceeds allocated to the convertible instrument, the amount of the discount assigned to the BCF was limited to the amount of the proceeds allocated to the convertible instrument.

The debt movement is presented below:

	Applicable limit	Debt discount		Accumulated deficit	Debt
Balance, December 31, 2014	-	-		-	-
Balance, June 30, 2015	-	-		-	-
Additions	11,765	(11,765	)	-	-
Amortization	-	-		31	31
Balance, December 31, 2015	11,765	(11,765	)	31	31
Additions	9,400	(9,400	)	-	-
Amortization (Note 12)	-	-		230	230
Balance, June 30, 2016	21,165	(21,165	)	261	261

F-9

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

The equity movement is presented below:

	Additional paid-in capital
Balance, December 31, 2014	-
Intrinsic value of BCF	11,765
Balance, December 31, 2015	11,765
Intrinsic value of BCF	9,400
Balance, June 30, 2016	21,165

b. Vessel Acquisitions:

On August 6, 2015, the Company entered into a purchase agreement with entities affiliated with certain of the Company's major shareholders to acquire seven secondhand dry bulk vessels, consisting of five Capesize and two Supramax vessels. The acquisition cost of the vessels was funded by senior secured loans, a shareholder's revolving convertible promissory note by Jelco and equity injections by Jelco. The transaction was completed on December 7, 2015, with the delivery of the last vessel. The transactions were approved by the independent committee of the Company's Board of Directors and the Company's Board of Directors. Below is a list of the vessels purchased under the purchase agreement:

Vessel name	Date of Delivery	Vessel Class	DWT	Year Built
Premiership	September 11, 2015	Capesize	170,024	2010
Gladiatorship	September 29, 2015	Supramax	56,819	2010
Geniuship	October 13, 2015	Capesize	170,057	2010
Guardianship	October 21, 2015	Supramax	56,884	2011
Gloriuship	November 3, 2015	Capesize	171,314	2004
Squireship	November 10, 2015	Capesize	170,018	2010
Championship	December 7, 2015	Capesize	179,238	2011

c. Property Lease Agreement:

Until March 15, 2015, the Company's executive offices were at premises leased from Waterfront S.A., a company affiliated with a member of the Restis family. On March 16, 2015, the Company relocated its executive offices to premises owned by an unaffiliated third party.

The rent charged by Waterfront S.A. for the six-month periods ended June 30, 2016 and 2015, amounted to $NIL and $70, respectively, and is included under general and administration expenses - related party.

4. Inventories:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Lubricants		438		739
Bunkers		2,017		2,241
Total		2,455		2,980

5. Other Current Assets:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Prepaid expenses		524		476
Insurance claims		22		14
Other		342		167
Total		888		657

F-10

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

6. Vessels, Net:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016			December 31, 2015
Cost:
Beginning balance		201,684			-
- Additions		-			201,684
Ending balance		201,684			201,684
Accumulated depreciation:
Beginning balance		(1,844	)		-
- Additions		(4,185	)		(1,844	)
Ending balance		(6,029	)		(1,844	)
Net book value		195,655			199,840

All vessels are mortgaged to secured loans (Note 7).

7. Long-Term Debt:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016			December 31, 2015
Secured loan facilities		177,997			178,447
Less: Deferred financing costs		(907	)		(942	)
Total		177,090			177,505
Less - current portion		(2,683	)		(718	)
Long-term portion		174,407			176,787

Secured credit facilities

On March 6, 2015, the Company entered into a loan agreement with Alpha Bank A.E., for a secured loan facility in an amount of $8,750. The loan was used to partially finance the acquisition of the M/V Leadership. On March 17, 2015, the Company drew down the $8,750. The loan is repayable in twenty consecutive quarterly installments, the first four installments being $200 each and the next sixteen quarterly installments being $250 each, along with a balloon installment of $3,950 payable on the final maturity date, March 17, 2020. The loan bears interest of Libor plus a margin of 3.75% with quarterly interest payments. The loan is secured by a first priority mortgage over the vessel. The facility places a restriction on the Company's ability to distribute dividends to its shareholders. The amount of the dividends so declared shall not exceed 50% of Seanergy's net income except in case the cash and marketable securities are equal or greater than the amount required to meet Seanergy's consolidated installment and debt interest payments for the following eighteen-month period. The Company has paid the first five installments as of June 30, 2016. On December 23, 2015, the Company amended the loan agreement with Alpha Bank A.E. in order to amend certain of financial definitions. On July 28, 2016, the Company further amended the loan agreement with Alpha Bank A.E. (Note 15) in order to defer part of the next four installments to the final maturity date. In line with ASC 470-10-45 "Debt: Short-Term Obligations Expected to Be Refinanced", an amount of $600 has been transferred to  "Long-term debt, net of current portion and deferred financing costs" in the related unaudited consolidated balance sheet, in accordance with the repayment terms of the amended agreement. In addition, the application of certain covenants is deferred to July 1, 2017 (Note 15).

On September 1, 2015, the Company entered into a loan agreement with HSH Nordbank AG, for a secured loan facility in an amount of $44,430. The loan was used to pay for the acquisition of the vessels M/V Geniuship and M/V Gloriuship. The loan was available in two advances, each advance comprised of two tranches. On October 13, 2015, the Company drew the first advance of $27,597 in order to finance the acquisition of the M/V Geniuship. On November 3, 2015, the Company drew the second advance of $16,833 in order to finance the acquisition of the M/V Gloriuship. The loan is repayable in twelve consecutive quarterly installments being approximately $1,049 each, commencing on September 30, 2017, along with a balloon installment of $31,837 payable on the final maturity date, June 30, 2020. The loan bears interest of Libor plus margins between 3.25% and 3.6% with quarterly interest payments. The loan facility is secured by a first priority mortgage over the two vessels. On May 16, 2016, the Company entered into a supplemental letter to the senior secured loan facility with HSH Nordbank AG. Effective as of March 1, 2016, the supplemental letter has deferred certain prepayments to June 30, 2018.

F-11

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

On September 11, 2015, the Company entered into a facility agreement with UniCredit Bank AG, for a secured loan facility in an amount of $52,705. The loan was made available in three tranches to partially finance the acquisition of the vessels M/V Premiership, M/V Gladiatorship and M/V Guardianship. On September 11, 2015, the Company drew the first tranche of $25,420 in order to partly finance the acquisition of the M/V Premiership. On September 29, 2015, the Company drew the second tranche of $13,643 in order to partly finance the acquisition of the M/V Gladiatorship. On October 21, 2015, the Company drew the third tranche of $13,642 in order to partly finance the acquisition of the M/V Guardianship. The loan is repayable in fifteen consecutive quarterly installments being $1,552 each, commencing on June 26, 2017, along with a balloon installment of $29,425 payable on the final maturity date, December 28, 2020. The loan bears interest of Libor plus a margin of 3.20% if the value to loan ratio is lower than 125%, 3.00% if the value to loan ratio is between 125% and 166.67% and 2.75% if the value to loan is higher than 166.67% with quarterly interest payments. The loan bore a commitment fee of 1.00% calculated on the balance of the undrawn loan amount and amounted to $22. The loan is secured by a first priority mortgage over the three vessels. On June 3, 2016, the Company entered into a supplemental letter in order to split the margin into a cash portion and a capitalized portion. The capitalized portion of the margin will be repaid in full by June 30, 2017. In addition, the application of certain covenants is deferred to at least June 30, 2017.

On November 4, 2015, the Company entered into a loan agreement with Alpha Bank A.E., for a secured loan facility in an amount of $33,750. The loan was used to partially finance the acquisition of the M/V Squireship. On November 10, 2015, the Company drew down the $33,750. The loan is repayable in sixteen consecutive quarterly installments being approximately $844 each, commencing on February 12, 2018, along with a balloon installment of $20,250 payable on the final maturity date, November 10, 2021. The loan bears interest of Libor plus a margin of 3.50% with quarterly interest payments. The loan is secured by a first priority mortgage over the vessel. The facility places a restriction on the Company's ability to distribute dividends to its shareholders. The amount of the dividends so declared shall not exceed 50% of Seanergy's net income except in case the cash and marketable securities are equal or greater than the amount required to meet Seanergy's consolidated installment and debt interest payments for the following eighteen-month period.

On December 2, 2015, the Company entered into a facility agreement with Natixis, for a secured loan facility in an amount of $39,412. The loan was used to partially finance the acquisition of the M/V Championship. On December 7, 2015, the Company drew down the $39,412. The loan is repayable in fifteen consecutive quarterly installments being $985 each, commencing on June 30, 2017, along with a balloon installment of $24,637 payable on the final maturity date, February 26, 2021. The loan bears interest of Libor plus a margin of 2.50% with quarterly interest payments. The loan is secured by a first priority mortgage over the vessel.

The borrowers under each facility are the applicable vessel owning subsidiaries, and all of the above five facilities are guaranteed by Seanergy Maritime Holdings Corp.

The annual principal payments required to be made after June 30, 2016 are as follows:

Twelve month periods ending	Amount
June 30, 2017		2,937
June 30, 2018		20,033
June 30, 2019		18,721
June 30, 2020		51,858
June 30, 2021		62,511
Thereafter		21,937
Total		177,997

8. Trade Accounts and Other Payables:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Creditors		2,902		5,710
Insurances		163		162
Other		147		107
Total		3,212		5,979

F-12

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

9. Financial Instruments:

(a) Significant Risks and Uncertainties, including Business and Credit Concentration

The Company places its temporary cash investments, consisting mostly of deposits, primarily with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company's investment strategy. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers' financial condition and generally does not require collateral for its accounts receivable and does not have any agreements to mitigate credit risk.

(b) Interest Rate Risk

Fair Value of Financial Instruments

The fair values of the financial instruments shown in the consolidated balance sheets as of June 30, 2016 and December 31, 2015, represent management's best estimate of the amounts that would be received to sell those assets or that would be paid to transfer those liabilities in an orderly transaction between market participants at that date. Those fair value measurements maximize the use of observable inputs. However, in situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects the Company's own judgments about the assumptions that market participants would use in pricing the asset or liability. Those judgments are developed by the Company based on the best information available in the circumstances.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

a. Cash and cash equivalents, restricted cash, accounts receivable trade, other current assets and trade accounts and other payables: the carrying amounts approximate fair value because of the short maturity of these instruments.

b. Long-term debt: The carrying value approximates the fair market value as the long-term debt bears interest at floating interest rate.

10. Commitments and Contingencies:

Various claims, lawsuits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Company's vessels. Currently, management is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying consolidated financial statements.

The Company accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. Currently, management is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying consolidated financial statements. The Company is covered for liabilities associated with the individual vessels' actions to the maximum limits as provided by Protection and Indemnity (P&I) Clubs, members of the International Group of P&I Clubs.

11. Capital Structure:

(a) Common Stock

On March 12, 2015, the Company entered into a share purchase agreement under which the Company sold 5,000,100 of its common shares to Jelco for $4,500. The common shares were sold at a price of $0.90 per share. The Company's Board of Directors obtained a fairness opinion from an independent third party for the share price. The price was determined using the adjusted book value method. On March 16, 2015, the Company completed the equity injection plan with the abovementioned entity. The shares to the entity were issued on March 18, 2015.

On March 12, 2015, the Company entered into a share purchase agreement under which the Company sold 333,400 of its common shares to its Chief Executive Officer, or CEO, for $300. The common shares were sold at a price of $0.90 per share. The Company's Board of Directors obtained a fairness opinion from an independent third party for the share price. The price was determined using the adjusted book value method. On March 16, 2015, the Company completed the equity injection plan with the abovementioned entity. The shares to the CEO were issued on March 18, 2015. The funds were contributed for general corporate purposes.

On September 7, 2015, the Company entered into a share purchase agreement under which the Company sold 10,022,240 of its common shares in three tranches to Jelco for $9,020. The common shares were sold at a price of $0.90 per share. The Company's Board of Directors obtained a fairness opinion from an independent third party for the share price. The price was determined using the capital market multiples and the discounted cash flow methods. On September 11, 2015, the first tranche of $3,501 was contributed in exchange for 3,889,980 common shares of the Company, which were issued on September 11, 2015. On September 29, 2015, the second tranche of $2,390 was contributed in exchange for 2,655,740 common shares of the Company, which were issued on September 29, 2015. On October 21, 2015, the third tranche of $3,129 was contributed in exchange for 3,476,520 common shares of the Company, which shares were issued on October 21, 2015. The transaction was approved by an independent committee of the Company's Board of Directors.

F-13

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

The purchasers of all above issued shares have received customary registration rights.

On January 8, 2016, the Company effected a one-for-five reverse stock split of the Company's issued common stock (Note 1). The reverse stock split ratio and the implementation and timing of the reverse stock split were determined by the Company's Board of Directors. The reverse stock split did not change the authorized number of shares or par value of the Company's common stock or preferred stock, but did effect a proportionate adjustment to the number of shares of common stock issuable upon the vesting of restricted stock awards, and the number of shares of common stock eligible for issuance under the Plan. All applicable outstanding equity awards discussed below have been adjusted retroactively for the one-for-five reverse stock split.

On August 10, 2016, the Company completed a registered direct offering to an unaffiliated third party. The company sold 1,180,000 shares of common stock at a purchase price of $4.15 (Note 15).

12. Interest and Finance Costs:

Interest and finance costs are analyzed as follows:

	Six month period ended June 30,
	2016		2015
Interest on long-term debt		3,310		103
Amortization of debt issuance costs		120		20
Other		12		1
Total		3,442		124

Interest and finance costs-related party are analyzed as follows:

	Six month period ended June 30,
	2016		2015
Convertible notes interest expense		561		60
Convertible notes amortization of debt discount (Note 3)		376		89
Total		937		149

13. Losses per Share:

The calculation of net earnings per common share is summarized below:

	Six month period ended June 30,
	2016				2015
Net loss			(11,859	)			(2,056	)
Weighted average common shares outstanding – basic and diluted			19,370,412				7,130,807
Net loss per common share – basic and diluted		$	(0.61	)		$	(0.29	)

As of June 30, 2016 and 2015, securities that could potentially dilute basic EPS in the future that were not included in the computation of diluted EPS as mentioned above are:

	2016		2015
Non-vested equity incentive plan shares (Note 14)		144,000		-
Convertible promissory note shares (Note 3)		27,738,890		4,444,444
Total		27,882,890		4,444,444

F-14

Seanergy Maritime Holdings Corp.

Notes To The Unaudited Interim Condensed Consolidated Financial Statements

(All amounts in footnotes in thousands of US Dollars, except for share and per share data, unless otherwise stated)

14. Equity Incentive Plan:

On October 1, 2015, the Compensation Committee granted an aggregate of 189,000 restricted shares of common stock, pursuant to the 2011 Equity Incentive Plan. Of the total 189,000 shares issued, 36,000 shares were granted to Seanergy's board of directors and the other 153,000 shares were granted to certain of Seanergy's other employees. On February 3, 2016, 8,000 of the shares granted to certain of Seanergy's other employees were cancelled. The fair value of each share on the grant date was $3.70. The shares to Seanergy's board of directors will vest over a period of two years commencing on October 1, 2015. On October 1, 2015, 12,000 shares vested, 12,000 shares will vest on October 1, 2016 and 12,000 shares will vest on October 1, 2017. All the other shares granted to certain of Seanergy's other employees will vest over a period of three years, commencing on October 1, 2015. On October 1, 2015, 25,000 shares vested, 31,000 shares will vest on October 1, 2016, 42,000 shares will vest on October 1, 2017 and 47,000 shares will vest on October 1, 2018.

The related expense for the six month periods ended June 30, 2016 and 2015, amounted to $79 and $NIL, respectively, and is included under general and administration expenses. The unrecognized cost for the non-vested shares as of June 30, 2016 and December 31, 2015 amounted to $414 and $521, respectively.

15. Subsequent Events:

The Company has evaluated subsequent events that occurred after the balance sheet date but before the issuance of these consolidated financial statements and, where it was deemed necessary, appropriate disclosures have been made.

a) On July 28, 2016, the Alpha Bank A.E. facility agreement, which was entered into on March 6, 2015, was further amended. The second supplemental agreement deferred part of the next four installments to the final maturity date. In addition, the application of certain liquidity covenants is deferred to July 1, 2017. The outstanding balance under this facility agreement is $7,700 as of June 30, 2016.

b) On July 28, 2016, the Company further amended the loan agreement with Alpha Bank A.E. entered into on November 4, 2015 in order to defer certain liquidity covenants to July 1, 2017 and to also waive any event of non-compliance with such covenant that occurred post December 31, 2015.

c) On July 29, 2016, the Company further entered into a supplemental letter to the UniCredit Bank AG facility agreement, which was entered into on September 11, 2015 and was further amended on June 3, 2016, pursuant to which effective as of December 11, 2015, the requirement for Seanergy Maritime Holdings Corp., as guarantor, to maintain liquidity in a specified amount is delayed until July 1, 2017.

d) On August 5, 2016, the Company entered into a securities purchase agreement with an unaffiliated third party, which is an institutional investor, under which the Company sold 1,180,000 of its common shares in a registered direct offering at a price of $4.15 per share. On August 10, 2016, the Company completed the registered direct offering for net proceeds of approximately $4,147. The net proceeds of this offering are expected to be used for general corporate purposes.

e) On September 26, 2016, the Company entered into separate agreements with an unaffiliated third party for the purchase of two second hand Capesize vessels for a gross purchase price of $20,750 per vessel. The transaction has been approved by the Board of Directors and the delivery of the vessels is subject to standard closing documentation and is expected to take place between mid-November 2016 and early January 2017.

F-15

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2016 shares
Document And Entity Information [Abstract]
Document Type	6-K
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Registrant Name	Seanergy Maritime Holdings Corp.
Entity Central Index Key	0001448397
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well Known Seasoned Issuer	No
Entity Common Stock Shares Outstanding	19,514,410
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2

XML

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,059	$ 3,304
Restricted cash	50	50
Accounts receivable trade, net	1,584	1,287
Inventories	2,455	2,980
Other current assets	888	657
Total current assets	8,036	8,278
Fixed assets:
Vessels, net	195,655	199,840
Office equipment, net	29	40
Total fixed assets	195,684	199,880
Other assets:
Deferred charges	913	1,194
Other non-current assets	5	0
TOTAL ASSETS	204,638	209,352
Current liabilities:
Current portion of long-term debt, net of deferred finance costs	2,683	718
Current portion of convertible promissory notes	249	103
Trade accounts and other payables	3,212	5,979
Accrued liabilities	2,254	2,296
Deferred revenue	668	154
Total current liabilities	9,066	9,250
Non-current liabilities:
Long-term debt, net of current portion and deferred finance costs	174,407	176,787
Long-term portion of convertible promissory notes	261	31
Total liabilities	183,734	186,068
Commitments and contingencies
STOCKHOLDERS EQUITY
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; none issued	0	0
Common stock, $0.0001 par value; 500,000,000 authorized shares as at June 30, 2016 and December 31, 2015; 19,514,410 and 19,522,413 shares issued and outstanding as at June 30, 2016 and December 31, 2015, respectively	2	2
Additional paid-in capital	346,600	337,121
Accumulated deficit	(325,698)	(313,839)
Total Stockholders' equity	20,904	23,284
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	$ 204,638	$ 209,352

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Consolidated Balance Sheets (unaudited) (Parentheticals) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
STOCKHOLDERS EQUITY
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	19,514,410	19,522,413
Common stock, shares outstanding (in shares)	19,514,410	19,522,413

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Unaudited Interim Condensed Consolidated Statements of Loss - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Vessel revenue	$ 15,719	$ 1,826
Commissions	(554)	(69)
Vessel revenue, net	15,165	1,757
Expenses:
Direct voyage expenses	(9,505)	(995)
Vessel operating expenses	(6,698)	(939)
Management fees	(454)	(48)
General and administration expenses	(1,540)	(1,315)
General and administration expenses - related party	0	(70)
Amortization of deferred dry-docking costs	(240)	0
Depreciation	(4,196)	(158)
Operating loss	(7,468)	(1,768)
Other expenses, net:
Interest and finance costs	(3,442)	(124)
Interest and finance costs - related party	(937)	(149)
Foreign currency exchange losses, net	(12)	(15)
Total other expenses, net	(4,391)	(288)
Net loss	$ (11,859)	$ (2,056)
Net loss per common share
Basic and diluted (in dollars per share)	$ (0.61)	$ (0.29)
Weighted average common shares outstanding
Basic and diluted (in shares)	19,370,412	7,130,807

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Unaudited Interim Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2014	$ 0	$ 307,559	$ (304,883)	$ 2,676
Balance (in shares) at Dec. 31, 2014	3,977,854
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (Note 11)	$ 0	4,800	0	4,800
Issuance of common stock (Note 11) (in shares)	5,333,500
Issuance of convertible promissory notes (Note 3)	$ 0	4,000	0	4,000
Net loss for the six months ended	0	0	(2,056)	(2,056)
Balance at Jun. 30, 2015	$ 0	316,359	(306,939)	9,420
Balance (in shares) at Jun. 30, 2015	9,311,354
Balance at Dec. 31, 2014	$ 0	307,559	(304,883)	2,676
Balance (in shares) at Dec. 31, 2014	3,977,854
Balance at Dec. 31, 2015	$ 2	337,121	(313,839)	23,284
Balance (in shares) at Dec. 31, 2015	19,522,413
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of convertible promissory notes (Note 3)	$ 0	9,400	0	9,400
Stock based compensation (Note 14)	$ 0	79	0	79
Stock based compensation (Note 14) (in shares)	(8,003)
Net loss for the six months ended	$ 0	0	(11,859)	(11,859)
Balance at Jun. 30, 2016	$ 2	$ 346,600	$ (325,698)	$ 20,904
Balance (in shares) at Jun. 30, 2016	19,514,410

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Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss	$ (11,859)	$ (2,056)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	4,196	158
Amortization of deferred dry-docking costs	240	0
Amortization of deferred finance charges	120	20
Amortization of convertible promissory note beneficial conversion feature	376	89
Stock based compensation	79	0
Changes in operating assets and liabilities:
Accounts receivable trade, net	(297)	(472)
Inventories	525	(677)
Other current assets	(231)	(11)
Deferred charges	41	0
Other non-current assets	(5)	0
Trade accounts and other payables	(2,767)	788
Due to related parties	0	(105)
Accrued liabilities	(127)	360
Deferred revenue	514	0
Net cash used in operating activities	(9,195)	(1,906)
Cash flows from investing activities:
Acquisition of vessels	0	(17,127)
Net cash used in investing activities	0	(17,127)
Cash flows from financing activities:
Net proceeds from issuance of common stock	0	4,800
Proceeds from long term debt	0	8,750
Proceeds from convertible promissory notes	9,400	4,000
Payments of financing costs	0	(144)
Repayments of long term debt	(450)	(200)
Net cash provided by financing activities	8,950	17,206
Net decrease in cash and cash equivalents	(245)	(1,827)
Cash and cash equivalents at beginning of period	3,304	2,873
Cash and cash equivalents at end of period	3,059	1,046
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest	$ 3,749	$ 125

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Basis of Presentation and General Information

6 Months Ended

Jun. 30, 2016

Basis of Presentation and General Information [Abstract]

Basis of Presentation and General Information

1. Basis of Presentation and General Information:

Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") was formed under the laws of the Republic of the Marshall Islands on January 4, 2008, with executive offices located in Athens, Greece. The Company provides global transportation solutions in the drybulk shipping sector through its vessel-owning subsidiaries.

On January 8, 2016, the Company's common stock began trading on a split-adjusted basis, following a December 22, 2015 approval from the Company's Board of Directors to reverse split the Company's common stock at a ratio of one-for-five. There was no change in the number of authorized shares or the par value of the Company's common stock. Following the reverse stock split, the number of shares issued and outstanding was reduced by 3 shares due to rounding. All share and per share amounts disclosed in the consolidated financial statements and notes give effect to this reverse stock split retroactively, for all periods presented.

The accompanying unaudited interim condensed consolidated financial statements include the accounts of Seanergy Maritime Holdings Corp. and its subsidiaries (collectively, the "Company" or "Seanergy").

The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America ("U.S. GAAP") and applicable rules and regulations of the U.S. Securities and Exchange Commission (the "SEC") for certain financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These statements and the accompanying notes should be read in conjunction with the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2015, filed with the SEC on April 20, 2016.

In the opinion of management, these unaudited interim condensed consolidated financial statements, reflect all adjustments, which include only normal recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Operating results for the six-month period ended June 30, 2016, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2016.

a. Going Concern:

The Company acquired eight vessels in 2015 in accordance with its business plan to expand the fleet.

As of June 30, 2016, the Company was in compliance with or has cured any events of non-compliance of all its financial covenants and asset coverage ratios contained in its debt agreements as amended (Notes 7 and 15). Most financial covenants and asset coverage ratios will be tested commencing in mid 2017. Scheduled debt installment payments for the twelve month period ending June 30, 2017, amount to $2,937 (Note 7).

Given the current drybulk charter rates, the Company's cash flow projections indicate that cash on hand and cash provided by operating activities might not be sufficient to cover the liquidity needs that become due in the twelve-month period ending June 30, 2017.

The Company has relied on Jelco Delta Holding Corp., or Jelco, a company affiliated with Claudia Restis, who is also the Company's major shareholder, for both vessel acquisitions and funding for general corporate purposes during 2015 and for further funding during 2016.

On August 5, 2016, the Company entered into a securities purchase agreement with an unaffiliated third party, which is an institutional investor, under which the Company sold 1,180,000 of its common shares in a registered direct offering at a price of $4.15 per share. On August 10, 2016, the Company completed the registered direct offering for net proceeds of approximately $4,147, which proceeds are expected to be used for general corporate purposes (Note 15).

The Company has applied additional measures to reduce potential cash flow shortfall if current drybulk charter rates remain at today's historical low levels. The Company has undertaken a cost-cutting initiative to decrease its daily vessel operating expenses. The Company is continuously exploring raising additional equity from both capital markets and private investors.

These consolidated financial statements have been prepared assuming that the Company will continue as a going concern. Accordingly, they do not include any adjustments relating to the recoverability and classification of recorded asset amounts, the amounts and classification of liabilities, or any other adjustments that might result in the event the Company is unable to continue as a going concern.

b. Subsidiaries in Consolidation:

Seanergy's subsidiaries included in these consolidated financial statements as of June 30, 2016, are as follows:

Company	Country of Incorporation	Date of Incorporation	Vessel name	Date of Delivery	Date of Sale/Disposal	Financed by
Seanergy Management Corp.(1) (3)	Marshall Islands	May 9, 2008	N/A	N/A	N/A	N/A
Seanergy Shipmanagement Corp.(1) (3)	Marshall Islands	September 16, 2014	N/A	N/A	N/A	N/A
Sea Glorius Shipping Co.(1)	Marshall Islands	September 16, 2014	Gloriuship	November 3, 2015	N/A	HSH Nordbank AG
Sea Genius Shipping Co.(1)	Marshall Islands	September 16, 2014	Geniuship	October 13, 2015	N/A	HSH Nordbank AG
Leader Shipping Co.(1)	Marshall Islands	January 15, 2015	Leadership	March 19, 2015	N/A	Alpha Bank A.E.
Premier Marine Co.(1)	Marshall Islands	July 9, 2015	Premiership	September 11, 2015	N/A	UniCredit Bank AG
Gladiator Shipping Co.(1)	Marshall Islands	July 9, 2015	Gladiatorship	September 29, 2015	N/A	UniCredit Bank AG
Guardian Shipping Co.(1)	Marshall Islands	July 9, 2015	Guardianship	October 21, 2015	N/A	UniCredit Bank AG
Champion Ocean Navigation Co.(1)	Liberia	August 6, 2015	Championship	December 7, 2015	N/A	Natixis
Squire Ocean Navigation Co.(1)	Liberia	August 6, 2015	Squireship	November 10, 2015	N/A	Alpha Bank A.E.
Pembroke Chartering Services Limited (4)	Malta	December 2, 2015	N/A	N/A	N/A	N/A
Amazons Management Inc.(1)	Marshall Islands	April 21, 2008	Davakis G.	August 28, 2008	March 6, 2014	Piraeus Bank
Lagoon Shipholding Ltd.(1)	Marshall Islands	April 21, 2008	Delos Ranger	August 28, 2008	March 11, 2014	Piraeus Bank
Cynthera Navigation Ltd.(1)	Marshall Islands	March 18, 2008	African Oryx	August 28, 2008	April 10, 2013	Piraeus Bank
Martinique International Corp.(1)	British Virgin Islands	May 14, 2008	Bremen Max	September 11, 2008	March 7, 2014	Piraeus Bank
Harbour Business International Corp.(1)	British Virgin Islands	April 1, 2008	Hamburg Max	September 25, 2008	March 10, 2014	Piraeus Bank
Waldeck Maritime Co.(1)	Marshall Islands	April 21, 2008	African Zebra	September 25, 2008	February 15, 2012	Piraeus Bank
Maritime Capital Shipping Limited (1)	Bermuda	April 30, 2007	N/A	N/A	N/A	N/A
Maritime Capital Shipping (HK) Limited (3)	Hong Kong	June 16, 2006	N/A	N/A	N/A	N/A
Maritime Glory Shipping Limited (2)	British Virgin Islands	April 8, 2008	Clipper Glory	May 21, 2010	December 4, 2012	HSBC
Maritime Grace Shipping Limited (2)	British Virgin Islands	April 8, 2008	Clipper Grace	May 21, 2010	October 15, 2012	HSBC
Atlantic Grace Shipping Limited (5)	British Virgin Islands	October 9, 2007	N/A	N/A	N/A	N/A

(1) Subsidiaries wholly owned

(2) Vessel owning subsidiaries owned by Maritime Capital Shipping Limited (or "MCS")

(3) Management company

(4) Chartering services company

(5) Dormant company

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Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Significant Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies:

A discussion of the Company's significant accounting policies can be found in the Company's consolidated financial statements included in the Annual Report on Form 20-F for the year ended December 31, 2015, filed with the SEC on April 20, 2016. There have been no material changes to these policies in the six-month period ended June 30, 2016.

On January 1, 2016, the Company adoptedAccounting Standards Update ("ASU") No. 2015-02 Consolidation (Topic 810): Amendments to the Consolidation Analysis effective for the fiscal year ending December 31, 2016 and interim periods within this fiscal year. The adoption of this guidance had no impact on the Company's results of operations, cash flows and net assets for any period.

On January 1, 2016, the Company adoptedASU No. 2015-15 Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update) effective for the fiscal year ending December 31, 2016 and  interim periods within this fiscal year. The adoption of this guidance had no impact on the Company's results of operations, cash flows and net assets for any period.

Recent accounting pronouncements

The Financial Accounting Standards Board ("FASB") issued the following amendments which clarifies the guidance in ASU No. 2014-09 and has the same effective date as the original standard: ASU No. 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients and ASU No. 2016-11 Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting issued in May 2016; ASU No. 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing issued in April 2016; and ASU No. 2016-08 Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net) issued in March 2016. On August 12, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers, which amends ASU No. 2014-09 (issued by the FASB on May 28, 2014 and which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This standard is effective for public entities with reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. The Company is currently evaluating the impact, if any, of the adoption of this new standard and amendments.

In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting which is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. This standard is effective for public entities with annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period.  The Company believes that the implementation of this update will not have any material impact on its financial statements and has not elected early adoption.

In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade  receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and  any other financial assets not excluded from the scope that have the contractual right to receive cash. This standard is effective for public business entities that are U.S. Securities and Exchange Commission ("SEC") filers, with reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2018. The Company is currently evaluating the impact, if any, of the adoption of this new standard.

In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230) – Classification of Certain Cash Receipts and Cash Payments which addresses the following eight specific cash flow issues with the objective of reducing the existing diversity in practice: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017 including interim periods within that reporting period, however early adoption is permitted. The Company is currently evaluating the provisions of this guidance and assessing its impact on its consolidated financial statements and notes disclosures.

(a) Concentration of Credit Risk

Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable. The Company places its cash and cash equivalents, consisting mostly of deposits, with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of the financial institutions in which it places its deposits. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers' financial condition. Customers individually accounting for more than 10% of the Company's revenues during the six-month periods ended June 30, 2016 and 2015, were:

Customer	2016	2015
A	20%	-
B	15%	-
C	10%	-
D	-	100%
Total	45%	100%

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Transactions with Related Parties

6 Months Ended

Jun. 30, 2016

Transactions with Related Parties [Abstract]

Transactions with Related Parties

3. Transactions with Related Parties:

a.            Convertible Promissory Notes:

On March 12, 2015 ("commitment date"), the Company issued an unsecured convertible promissory note of $4,000 to Jelco for general corporate purposes. The convertible note is repayable in ten consecutive semi-annual installments of $200, along with a balloon installment of $2,000 payable on the final maturity date, March 19, 2020. The note bears interest of Libor plus a margin with quarterly interest payments. At Jelco's option, the outstanding principal amount under the convertible note may be paid at any time in common shares at a conversion price of $0.90 (as adjusted for the reverse stock split discussed in Note 1 above according to the terms of the convertible note) per share. The Company has the right to defer up to three consecutive installments to the final maturity date.

The Company accounted for the issuance of the convertible promissory note in accordance with the beneficial conversion features ("BCF") guidance of ASC 470-20. The intrinsic value of the BCF was determined as the number of shares converted from the convertible note times the positive difference between the fair value of the stock on the commitment date and the contractual conversion price. Since the intrinsic value of the BCF at the commitment date was greater than the proceeds allocated to the convertible instrument, the amount of the discount assigned to the BCF was limited to the amount of the proceeds allocated to the convertible instrument. As of December 31, 2015, the Company had paid the first installment, with the entire payment recorded as a reduction to Additional paid-in capital. As of June 30, 2016, the Company has deferred the installment due for payment on March 19, 2016 to the final maturity date. The gain or loss on the extinguishment of the convertible debt instrument is the difference between the carrying amount and the consideration allocated to the debt instrument. The partial extinguishment of debt as a result of the payment is shown as a gain on extinguishment and is included under interest and finance costs – related party.

The debt movement is presented below:

	Applicable limit	Debt discount		Accumulated deficit		Debt
Balance, December 31, 2014	-	-		-		-
Additions	4,000	(4,000	)	-		-
Amortization (Note 12)	-	-		89		89
Balance, June 30, 2015	4,000	(4,000	)	89		89
Amortization	-	-		214		214
Partial extinguishment of debt	-	-		(200	)	(200	)
Balance, December 31, 2015	4,000	(4,000	)	103		103
Amortization (Note 12)	-	-		146		146
Balance, June 30, 2016	4,000	(4,000	)	249		249

The equity movement is presented below:

	Additional paid-in capital
Balance, December 31, 2014	-
Intrinsic value of BCF	4,000
Consideration allocated to repurchase BCF	(200	)
Balance, December 31, 2015	3,800
Balance, June 30, 2016	3,800

On September 7, 2015 ("commitment date"), the Company issued an unsecured revolving convertible promissory note of up to $6,765 (the "Applicable Limit") to Jelco for general corporate purposes. The revolving convertible promissory note has a tenor of up to five years after the first drawdown and the Applicable Limit will be reduced by $1,000 each year after the second year following the first drawdown. The note bears interest of Libor plus a margin with quarterly interest payments. At Jelco's option, the Company's obligation to repay the principal amount under the revolving convertible note may be paid in common shares at a conversion price of $0.90 (as adjusted for the reverse stock split discussed in Note 1 above according to the terms of the convertible note) per share. The unsecured revolving convertible promissory note has been amended seven times, increasing the maximum principal amount available to be drawn to $21,165, while also increasing the amount by which the Applicable Limit will be reduced to $3,100. The Company has drawn down the entire $21,165 as of June 30, 2016.

The Company accounted for the issuance of the revolving convertible promissory note in accordance with the BCF guidance of ASC 470-20. The intrinsic value of the BCF was determined as the number of shares converted from the convertible note times the positive difference between the fair value of the stock on the commitment date and the contractual conversion price. Since the intrinsic value of the BCF at the commitment date was greater than the proceeds allocated to the convertible instrument, the amount of the discount assigned to the BCF was limited to the amount of the proceeds allocated to the convertible instrument.

The debt movement is presented below:

	Applicable limit	Debt discount		Accumulated deficit	Debt
Balance, December 31, 2014	-	-		-	-
Balance, June 30, 2015	-	-		-	-
Additions	11,765	(11,765	)	-	-
Amortization	-	-		31	31
Balance, December 31, 2015	11,765	(11,765	)	31	31
Additions	9,400	(9,400	)	-	-
Amortization (Note 12)	-	-		230	230
Balance, June 30, 2016	21,165	(21,165	)	261	261

The equity movement is presented below:

	Additional paid-in capital
Balance, December 31, 2014	-
Intrinsic value of BCF	11,765
Balance, December 31, 2015	11,765
Intrinsic value of BCF	9,400
Balance, June 30, 2016	21,165

b.            Vessel Acquisitions:

On August 6, 2015, the Company entered into a purchase agreement with entities affiliated with certain of the Company's major shareholders to acquire seven secondhand drybulk vessels, consisting of five Capesize and two Supramax vessels. The acquisition cost of the vessels was funded by senior secured loans, a shareholder's revolving convertible promissory note by Jelco and equity injections by Jelco. The transaction was completed on December 7, 2015, with the delivery of the last vessel. The transactions were approved by the independent committee of the Company's Board of Directors and the Company's Board of Directors. Below is a list of the vessels purchased under the purchase agreement:

Vessel name	Date of Delivery	Vessel Class	DWT	Year Built
Premiership	September 11, 2015	Capesize	170,024	2010
Gladiatorship	September 29, 2015	Supramax	56,819	2010
Geniuship	October 13, 2015	Capesize	170,057	2010
Guardianship	October 21, 2015	Supramax	56,884	2011
Gloriuship	November 3, 2015	Capesize	171,314	2004
Squireship	November 10, 2015	Capesize	170,018	2010
Championship	December 7, 2015	Capesize	179,238	2011

c.            Property Lease Agreement:

Until March 15, 2015, the Company's executive offices were at premises leased from Waterfront S.A., a company affiliated with a member of the Restis family. On March 16, 2015, the Company relocated its executive offices to premises owned by an unaffiliated third party.

The rent charged by Waterfront S.A. for the six-month periods ended June 30, 2016 and 2015, amounted to $NIL and $70, respectively, and is included under general and administration expenses - related party.

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Inventories

6 Months Ended

Jun. 30, 2016

Inventories [Abstract]

Inventories

4. Inventories:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Lubricants		438		739
Bunkers		2,017		2,241
Total		2,455		2,980

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Other Current Assets

6 Months Ended

Jun. 30, 2016

Other Current Assets [Abstract]

Other Current Assets

5. Other Current Assets:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Prepaid expenses		524		476
Insurance claims		22		14
Other		342		167
Total		888		657

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Vessels, Net

6 Months Ended

Jun. 30, 2016

Vessels, Net [Abstract]

Vessels, Net

6. Vessels, Net:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016			December 31, 2015
Cost:
Beginning balance		201,684			-
- Additions		-			201,684
Ending balance		201,684			201,684
Accumulated depreciation:
Beginning balance		(1,844	)		-
- Additions		(4,185	)		(1,844	)
Ending balance		(6,029	)		(1,844	)
Net book value		195,655			199,840

All vessels are mortgaged to secured loans (Note 7).

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Long-Term Debt

6 Months Ended

Jun. 30, 2016

Long-Term Debt [Abstract]

Long-Term Debt

7. Long-Term Debt:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016			December 31, 2015
Secured loan facilities		177,997			178,447
Less: Deferred financing costs		(907	)		(942	)
Total		177,090			177,505
Less - current portion		(2,683	)		(718	)
Long-term portion		174,407			176,787

Secured credit facilities

On March 6, 2015, the Company entered into a loan agreement with Alpha Bank A.E., for a secured loan facility in an amount of $8,750. The loan was used to partially finance the acquisition of the M/V Leadership. On March 17, 2015, the Company drew down the $8,750. The loan is repayable in twenty consecutive quarterly installments, the first four installments being $200 each and the next sixteen quarterly installments being $250 each, along with a balloon installment of $3,950 payable on the final maturity date, March 17, 2020. The loan bears interest of Libor plus a margin of 3.75% with quarterly interest payments. The loan is secured by a first priority mortgage over the vessel. The facility places a restriction on the Company's ability to distribute dividends to its shareholders. The amount of the dividends so declared shall not exceed 50% of Seanergy's net income except in case the cash and marketable securities are equal or greater than the amount required to meet Seanergy's consolidated installment and debt interest payments for the following eighteen-month period. The Company has paid the first five installments as of June 30, 2016. On December 23, 2015, the Company amended the loan agreement with Alpha Bank A.E. in order to amend certain of financial definitions. On July 28, 2016, the Company further amended the loan agreement with Alpha Bank A.E. (Note 15) in order to defer part of the next four installments to the final maturity date. In line with ASC 470-10-45 "Debt: Short-Term Obligations Expected to Be Refinanced", an amount of $600 has been transferred to  "Long-term debt, net of current portion and deferred financing costs" in the related unaudited consolidated balance sheet, in accordance with the repayment terms of the amended agreement. In addition, the application of certain covenants is deferred to July 1, 2017 (Note 15).

On September 1, 2015, the Company entered into a loan agreement with HSH Nordbank AG, for a secured loan facility in an amount of $44,430. The loan was used to pay for the acquisition of the vessels M/V Geniuship and M/V Gloriuship. The loan was available in two advances, each advance comprised of two tranches. On October 13, 2015, the Company drew the first advance of $27,597 in order to finance the acquisition of the M/V Geniuship. On November 3, 2015, the Company drew the second advance of $16,833 in order to finance the acquisition of the M/V Gloriuship. The loan is repayable in twelve consecutive quarterly installments being approximately $1,049 each, commencing on September 30, 2017, along with a balloon installment of $31,837 payable on the final maturity date, June 30, 2020. The loan bears interest of Libor plus margins between 3.25% and 3.6% with quarterly interest payments. The loan facility is secured by a first priority mortgage over the two vessels. On May 16, 2016, the Company entered into a supplemental letter to the senior secured loan facility with HSH Nordbank AG. Effective as of March 1, 2016, the supplemental letter has deferred certain prepayments to June 30, 2018.

On September 11, 2015, the Company entered into a facility agreement with UniCredit Bank AG, for a secured loan facility in an amount of $52,705. The loan was made available in three tranches to partially finance the acquisition of the vessels M/V Premiership, M/V Gladiatorship and M/V Guardianship. On September 11, 2015, the Company drew the first tranche of $25,420 in order to partly finance the acquisition of the M/V Premiership. On September 29, 2015, the Company drew the second tranche of $13,643 in order to partly finance the acquisition of the M/V Gladiatorship. On October 21, 2015, the Company drew the third tranche of $13,642 in order to partly finance the acquisition of the M/V Guardianship. The loan is repayable in fifteen consecutive quarterly installments being $1,552 each, commencing on June 26, 2017, along with a balloon installment of $29,425 payable on the final maturity date, December 28, 2020. The loan bears interest of Libor plus a margin of 3.20% if the value to loan ratio is lower than 125%, 3.00% if the value to loan ratio is between 125% and 166.67% and 2.75% if the value to loan is higher than 166.67% with quarterly interest payments. The loan bore a commitment fee of 1.00% calculated on the balance of the undrawn loan amount and amounted to $22. The loan is secured by a first priority mortgage over the three vessels. On June 3, 2016, the Company entered into a supplemental letter in order to split the margin into a cash portion and a capitalized portion. The capitalized portion of the margin will be repaid in full by June 30, 2017. In addition, the application of certain covenants is deferred to at least June 30, 2017.

On November 4, 2015, the Company entered into a loan agreement with Alpha Bank A.E., for a secured loan facility in an amount of $33,750. The loan was used to partially finance the acquisition of the M/V Squireship. On November 10, 2015, the Company drew down the $33,750. The loan is repayable in sixteen consecutive quarterly installments being approximately $844 each, commencing on February 12, 2018, along with a balloon installment of $20,250 payable on the final maturity date, November 10, 2021. The loan bears interest of Libor plus a margin of 3.50% with quarterly interest payments. The loan is secured by a first priority mortgage over the vessel. The facility places a restriction on the Company's ability to distribute dividends to its shareholders. The amount of the dividends so declared shall not exceed 50% of Seanergy's net income except in case the cash and marketable securities are equal or greater than the amount required to meet Seanergy's consolidated installment and debt interest payments for the following eighteen-month period.

On December 2, 2015, the Company entered into a facility agreement with Natixis, for a secured loan facility in an amount of $39,412. The loan was used to partially finance the acquisition of the M/V Championship. On December 7, 2015, the Company drew down the $39,412. The loan is repayable in fifteen consecutive quarterly installments being $985 each, commencing on June 30, 2017, along with a balloon installment of $24,637 payable on the final maturity date, February 26, 2021. The loan bears interest of Libor plus a margin of 2.50% with quarterly interest payments. The loan is secured by a first priority mortgage over the vessel.

The borrowers under each facility are the applicable vessel owning subsidiaries, and all of the above five facilities are guaranteed by Seanergy Maritime Holdings Corp.

The annual principal payments required to be made after June 30, 2016 are as follows:

Twelve month periods ending	Amount
June 30, 2017		2,937
June 30, 2018		20,033
June 30, 2019		18,721
June 30, 2020		51,858
June 30, 2021		62,511
Thereafter		21,937
Total		177,997

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Trade Accounts and Other Payables

6 Months Ended

Jun. 30, 2016

Trade Accounts and Other Payables [Abstract]

Trade Accounts and Other Payables

8. Trade Accounts and Other Payables:

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Creditors		2,902		5,710
Insurances		163		162
Other		147		107
Total		3,212		5,979

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Financial Instruments

6 Months Ended

Jun. 30, 2016

Financial Instruments [Abstract]

Financial Instruments

9. Financial Instruments:

(a) Significant Risks and Uncertainties, including Business and Credit Concentration

The Company places its temporary cash investments, consisting mostly of deposits, primarily with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company's investment strategy. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers' financial condition and generally does not require collateral for its accounts receivable and does not have any agreements to mitigate credit risk.

(b) Interest Rate Risk

Fair Value of Financial Instruments

The fair values of the financial instruments shown in the consolidated balance sheets as of June 30, 2016 and December 31, 2015, represent management's best estimate of the amounts that would be received to sell those assets or that would be paid to transfer those liabilities in an orderly transaction between market participants at that date. Those fair value measurements maximize the use of observable inputs. However, in situations where there is little, if any, market activity for the asset or liability at the measurement date, the fair value measurement reflects the Company's own judgments about the assumptions that market participants would use in pricing the asset or liability. Those judgments are developed by the Company based on the best information available in the circumstances.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments:

a. Cash and cash equivalents, restricted cash, accounts receivable trade, other current assets and trade accounts and other payables: the carrying amounts approximate fair value because of the short maturity of these instruments.

b. Long-term debt: The carrying value approximates the fair market value as the long-term debt bears interest at floating interest rate.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies [Abstract]

Commitments and Contingencies

10. Commitments and Contingencies:

Various claims, lawsuits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents, insurance and other claims with suppliers relating to the operations of the Company's vessels. Currently, management is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying consolidated financial statements.

The Company accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. Currently, management is not aware of any such claims or contingent liabilities, which should be disclosed, or for which a provision should be established in the accompanying consolidated financial statements. The Company is covered for liabilities associated with the individual vessels' actions to the maximum limits as provided by Protection and Indemnity (P&I) Clubs, members of the International Group of P&I Clubs.

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Capital Structure

6 Months Ended

Jun. 30, 2016

Capital Structure [Abstract]

Capital Structure

11. Capital Structure:

(a)  Common Stock

On March 12, 2015, the Company entered into a share purchase agreement under which the Company sold 5,000,100 of its common shares to Jelco for $4,500. The common shares were sold at a price of $0.90 per share. The Company's Board of Directors obtained a fairness opinion from an independent third party for the share price. The price was determined using the adjusted book value method. On March 16, 2015, the Company completed the equity injection plan with the abovementioned entity. The shares to the entity were issued on March 18, 2015.

On March 12, 2015, the Company entered into a share purchase agreement under which the Company sold 333,400 of its common shares to its Chief Executive Officer, or CEO, for $300. The common shares were sold at a price of $0.90 per share. The Company's Board of Directors obtained a fairness opinion from an independent third party for the share price. The price was determined using the adjusted book value method. On March 16, 2015, the Company completed the equity injection plan with the abovementioned entity. The shares to the CEO were issued on March 18, 2015. The funds were contributed for general corporate purposes.

On September 7, 2015, the Company entered into a share purchase agreement under which the Company sold 10,022,240 of its common shares in three tranches to Jelco for $9,020. The common shares were sold at a price of $0.90 per share. The Company's Board of Directors obtained a fairness opinion from an independent third party for the share price. The price was determined using the capital market multiples and the discounted cash flow methods. On September 11, 2015, the first tranche of $3,501 was contributed in exchange for 3,889,980 common shares of the Company, which were issued on September 11, 2015. On September 29, 2015, the second tranche of $2,390 was contributed in exchange for 2,655,740 common shares of the Company, which were issued on September 29, 2015. On October 21, 2015, the third tranche of $3,129 was contributed in exchange for 3,476,520 common shares of the Company, which shares were issued on October 21, 2015. The transaction was approved by an independent committee of the Company's Board of Directors.

The purchasers of all above issued shares have received customary registration rights.

On January 8, 2016, the Company effected a one-for-five reverse stock split of the Company's issued common stock (Note 1). The reverse stock split ratio and the implementation and timing of the reverse stock split were determined by the Company's Board of Directors. The reverse stock split did not change the authorized number of shares or par value of the Company's common stock or preferred stock, but did effect a proportionate adjustment to the number of shares of common stock issuable upon the vesting of restricted stock awards, and the number of shares of common stock eligible for issuance under the Plan. All applicable outstanding equity awards discussed below have been adjusted retroactively for the one-for-five reverse stock split.

On August 10, 2016, the Company completed a registered direct offering to an unaffiliated third party. The company sold 1,180,000 shares of common stock at a purchase price of $4.15 (Note 15).

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Interest and Finance Costs

6 Months Ended

Jun. 30, 2016

Interest and Finance Costs [Abstract]

Interest and Finance Costs

12. Interest and Finance Costs:

Interest and finance costs are analyzed as follows:

	Six month period ended June 30,
	2016		2015
Interest on long-term debt		3,310		103
Amortization of debt issuance costs		120		20
Other		12		1
Total		3,442		124

Interest and finance costs-related party are analyzed as follows:

	Six month period ended June 30,
	2016		2015
Convertible notes interest expense		561		60
Convertible notes amortization of debt discount (Note 3)		376		89
Total		937		149

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Losses per Share

6 Months Ended

Jun. 30, 2016

Losses per Share [Abstract]

Losses per Share

13. Losses per Share:

The calculation of net earnings per common share is summarized below:

	Six month period ended June 30,
	2016			2015
Net loss		(11,859	)		(2,056	)
Weighted average common shares outstanding – basic and diluted		19,370,412			7,130,807
Net loss per common share – basic and diluted	$	(0.61	)	$	(0.29	)

As of June 30, 2016 and 2015, securities that could potentially dilute basic EPS in the future that were not included in the computation of diluted EPS as mentioned above are:

	2016		2015
Non-vested equity incentive plan shares (Note 14)		144,000		-
Convertible promissory note shares (Note 3)		27,738,890		4,444,444
Total		27,882,890		4,444,444

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Equity Incentive Plan

6 Months Ended

Jun. 30, 2016

Equity Incentive Plan [Abstract]

Equity Incentive Plan

14. Equity Incentive Plan:

On October 1, 2015, the Compensation Committee granted an aggregate of 189,000 restricted shares of common stock, pursuant to the 2011 Equity Incentive Plan. Of the total 189,000 shares issued, 36,000 shares were granted to Seanergy's board of directors and the other 153,000 shares were granted to certain of Seanergy's other employees. On February 3, 2016, 8,000 of the shares granted to certain of Seanergy's other employees were cancelled. The fair value of each share on the grant date was $3.70. The shares to Seanergy's board of directors will vest over a period of two years commencing on October 1, 2015. On October 1, 2015, 12,000 shares vested, 12,000 shares will vest on October 1, 2016 and 12,000 shares will vest on October 1, 2017. All the other shares granted to certain of Seanergy's other employees will vest over a period of three years, commencing on October 1, 2015. On October 1, 2015, 25,000 shares vested, 31,000 shares will vest on October 1, 2016, 42,000 shares will vest on October 1, 2017 and 47,000 shares will vest on October 1, 2018.

The related expense for the six month periods ended June 30, 2016 and 2015, amounted to $79 and $NIL, respectively, and is included under general and administration expenses. The unrecognized cost for the non-vested shares as of June 30, 2016 and December 31, 2015 amounted to $414 and $521, respectively.

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Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

15. Subsequent Events:

The Company has evaluated subsequent events that occurred after the balance sheet date but before the issuance of these consolidated financial statements and, where it was deemed necessary, appropriate disclosures have been made.

a) On July 28, 2016, the Alpha Bank A.E. facility agreement, which was entered into on March 6, 2015, was further amended. The second supplemental agreement deferred part of the next four installments to the final maturity date. In addition, the application of certain liquidity covenants is deferred to July 1, 2017. The outstanding balance under this facility agreement is $7,700 as of June 30, 2016.

b) On July 28, 2016, the Company further amended the loan agreement with Alpha Bank A.E. entered into on November 4, 2015 in order to defer certain liquidity covenants to July 1, 2017 and to also waive any event of non-compliance with such covenant that occurred post December 31, 2015.

c) On July 29, 2016, the Company further entered into a supplemental letter to the UniCredit Bank AG facility agreement, which was entered into on September 11, 2015 and was further amended on June 3, 2016, pursuant to which effective as of December 11, 2015, the requirement for Seanergy Maritime Holdings Corp., as guarantor, to maintain liquidity in a specified amount is delayed until July 1, 2017.

d) On August 5, 2016, the Company entered into a securities purchase agreement with an unaffiliated third party, which is an institutional investor, under which the Company sold 1,180,000 of its common shares in a registered direct offering at a price of $4.15 per share. On August 10, 2016, the Company completed the registered direct offering for net proceeds of approximately $4,147. The net proceeds of this offering are expected to be used for general corporate purposes.

e) On September 26, 2016, the Company entered into separate agreements with an unaffiliated third party for the purchase of two second hand Capesize vessels for a gross purchase price of $20,750 per vessel. The transaction has been approved by the Board of Directors and the delivery of the vessels is subject to standard closing documentation and is expected to take place between mid-November 2016 and early January 2017.

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2016

Significant Accounting Policies [Abstract]

Recent Accounting Pronouncements

Recent accounting pronouncements

The Financial Accounting Standards Board ("FASB") issued the following amendments which clarifies the guidance in ASU No. 2014-09 and has the same effective date as the original standard: ASU No. 2016-12 Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients and ASU No. 2016-11 Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting issued in May 2016; ASU No. 2016-10 Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing issued in April 2016; and ASU No. 2016-08 Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net) issued in March 2016. On August 12, 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers, which amends ASU No. 2014-09 (issued by the FASB on May 28, 2014 and which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This standard is effective for public entities with reporting periods beginning after December 15, 2017. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016. The Company is currently evaluating the impact, if any, of the adoption of this new standard and amendments.

In March 2016, the FASB issued ASU No. 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting which is intended to simplify several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. This standard is effective for public entities with annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted in any interim or annual period.  The Company believes that the implementation of this update will not have any material impact on its financial statements and has not elected early adoption.

In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade  receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and  any other financial assets not excluded from the scope that have the contractual right to receive cash. This standard is effective for public business entities that are U.S. Securities and Exchange Commission ("SEC") filers, with reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early application is permitted only as of annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2018. The Company is currently evaluating the impact, if any, of the adoption of this new standard.

In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230) – Classification of Certain Cash Receipts and Cash Payments which addresses the following eight specific cash flow issues with the objective of reducing the existing diversity in practice: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017 including interim periods within that reporting period, however early adoption is permitted. The Company is currently evaluating the provisions of this guidance and assessing its impact on its consolidated financial statements and notes disclosures.

Concentration of Credit Risk

(a) Concentration of Credit Risk

Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable. The Company places its cash and cash equivalents, consisting mostly of deposits, with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of the financial institutions in which it places its deposits. The Company limits its credit risk with accounts receivable by performing ongoing credit evaluations of its customers' financial condition. Customers individually accounting for more than 10% of the Company's revenues during the six-month periods ended June 30, 2016 and 2015, were:

Customer	2016	2015
A	20%	-
B	15%	-
C	10%	-
D	-	100%
Total	45%	100%

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Basis of Presentation and General Information (Tables)

6 Months Ended

Jun. 30, 2016

Basis of Presentation and General Information [Abstract]

Subsidiaries in Consolidation

Seanergy's subsidiaries included in these consolidated financial statements as of June 30, 2016, are as follows:

Company	Country of Incorporation	Date of Incorporation	Vessel name	Date of Delivery	Date of Sale/Disposal	Financed by
Seanergy Management Corp.(1) (3)	Marshall Islands	May 9, 2008	N/A	N/A	N/A	N/A
Seanergy Shipmanagement Corp.(1) (3)	Marshall Islands	September 16, 2014	N/A	N/A	N/A	N/A
Sea Glorius Shipping Co.(1)	Marshall Islands	September 16, 2014	Gloriuship	November 3, 2015	N/A	HSH Nordbank AG
Sea Genius Shipping Co.(1)	Marshall Islands	September 16, 2014	Geniuship	October 13, 2015	N/A	HSH Nordbank AG
Leader Shipping Co.(1)	Marshall Islands	January 15, 2015	Leadership	March 19, 2015	N/A	Alpha Bank A.E.
Premier Marine Co.(1)	Marshall Islands	July 9, 2015	Premiership	September 11, 2015	N/A	UniCredit Bank AG
Gladiator Shipping Co.(1)	Marshall Islands	July 9, 2015	Gladiatorship	September 29, 2015	N/A	UniCredit Bank AG
Guardian Shipping Co.(1)	Marshall Islands	July 9, 2015	Guardianship	October 21, 2015	N/A	UniCredit Bank AG
Champion Ocean Navigation Co.(1)	Liberia	August 6, 2015	Championship	December 7, 2015	N/A	Natixis
Squire Ocean Navigation Co.(1)	Liberia	August 6, 2015	Squireship	November 10, 2015	N/A	Alpha Bank A.E.
Pembroke Chartering Services Limited (4)	Malta	December 2, 2015	N/A	N/A	N/A	N/A
Amazons Management Inc.(1)	Marshall Islands	April 21, 2008	Davakis G.	August 28, 2008	March 6, 2014	Piraeus Bank
Lagoon Shipholding Ltd.(1)	Marshall Islands	April 21, 2008	Delos Ranger	August 28, 2008	March 11, 2014	Piraeus Bank
Cynthera Navigation Ltd.(1)	Marshall Islands	March 18, 2008	African Oryx	August 28, 2008	April 10, 2013	Piraeus Bank
Martinique International Corp.(1)	British Virgin Islands	May 14, 2008	Bremen Max	September 11, 2008	March 7, 2014	Piraeus Bank
Harbour Business International Corp.(1)	British Virgin Islands	April 1, 2008	Hamburg Max	September 25, 2008	March 10, 2014	Piraeus Bank
Waldeck Maritime Co.(1)	Marshall Islands	April 21, 2008	African Zebra	September 25, 2008	February 15, 2012	Piraeus Bank
Maritime Capital Shipping Limited (1)	Bermuda	April 30, 2007	N/A	N/A	N/A	N/A
Maritime Capital Shipping (HK) Limited (3)	Hong Kong	June 16, 2006	N/A	N/A	N/A	N/A
Maritime Glory Shipping Limited (2)	British Virgin Islands	April 8, 2008	Clipper Glory	May 21, 2010	December 4, 2012	HSBC
Maritime Grace Shipping Limited (2)	British Virgin Islands	April 8, 2008	Clipper Grace	May 21, 2010	October 15, 2012	HSBC
Atlantic Grace Shipping Limited (5)	British Virgin Islands	October 9, 2007	N/A	N/A	N/A	N/A

(1) Subsidiaries wholly owned

(2) Vessel owning subsidiaries owned by Maritime Capital Shipping Limited (or "MCS")

(3) Management company

(4) Chartering services company

(5) Dormant company

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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Significant Accounting Policies [Abstract]

Revenue from Major Customers

Customers individually accounting for more than 10% of the Company's revenues during the six-month periods ended June 30, 2016 and 2015, were:

Customer	2016	2015
A	20%	-
B	15%	-
C	10%	-
D	-	100%
Total	45%	100%

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Transactions with Related Parties (Tables)

6 Months Ended

Jun. 30, 2016

Transactions with Related Parties [Abstract]

Vessel Acquisitions

Below is a list of the vessels purchased under the purchase agreement:

Vessel name	Date of Delivery	Vessel Class	DWT	Year Built
Premiership	September 11, 2015	Capesize	170,024	2010
Gladiatorship	September 29, 2015	Supramax	56,819	2010
Geniuship	October 13, 2015	Capesize	170,057	2010
Guardianship	October 21, 2015	Supramax	56,884	2011
Gloriuship	November 3, 2015	Capesize	171,314	2004
Squireship	November 10, 2015	Capesize	170,018	2010
Championship	December 7, 2015	Capesize	179,238	2011

Unsecured Convertible Promissory Note [Member]

Transactions with Related Parties [Abstract]

Movement of Debt and Equity

The debt movement is presented below:

	Applicable limit	Debt discount		Accumulated deficit		Debt
Balance, December 31, 2014	-	-		-		-
Additions	4,000	(4,000	)	-		-
Amortization (Note 12)	-	-		89		89
Balance, June 30, 2015	4,000	(4,000	)	89		89
Amortization	-	-		214		214
Partial extinguishment of debt	-	-		(200	)	(200	)
Balance, December 31, 2015	4,000	(4,000	)	103		103
Amortization (Note 12)	-	-		146		146
Balance, June 30, 2016	4,000	(4,000	)	249		249

The equity movement is presented below:

	Additional paid-in capital
Balance, December 31, 2014	-
Intrinsic value of BCF	4,000
Consideration allocated to repurchase BCF	(200	)
Balance, December 31, 2015	3,800
Balance, June 30, 2016	3,800

Unsecured Revolving Convertible Promissory Note [Member]

Transactions with Related Parties [Abstract]

Movement of Debt and Equity

The debt movement is presented below:

	Applicable limit	Debt discount		Accumulated deficit	Debt
Balance, December 31, 2014	-	-		-	-
Balance, June 30, 2015	-	-		-	-
Additions	11,765	(11,765	)	-	-
Amortization	-	-		31	31
Balance, December 31, 2015	11,765	(11,765	)	31	31
Additions	9,400	(9,400	)	-	-
Amortization (Note 12)	-	-		230	230
Balance, June 30, 2016	21,165	(21,165	)	261	261

The equity movement is presented below:

	Additional paid-in capital
Balance, December 31, 2014	-
Intrinsic value of BCF	11,765
Balance, December 31, 2015	11,765
Intrinsic value of BCF	9,400
Balance, June 30, 2016	21,165

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Inventories (Tables)

6 Months Ended

Jun. 30, 2016

Inventories [Abstract]

Inventories

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Lubricants		438		739
Bunkers		2,017		2,241
Total		2,455		2,980

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Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2016

Other Current Assets [Abstract]

Other Current Assets

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Prepaid expenses		524		476
Insurance claims		22		14
Other		342		167
Total		888		657

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Vessels, Net (Tables)

6 Months Ended

Jun. 30, 2016

Vessels, Net [Abstract]

Vessels, Net

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016			December 31, 2015
Cost:
Beginning balance		201,684			-
- Additions		-			201,684
Ending balance		201,684			201,684
Accumulated depreciation:
Beginning balance		(1,844	)		-
- Additions		(4,185	)		(1,844	)
Ending balance		(6,029	)		(1,844	)
Net book value		195,655			199,840

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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2016

Long-Term Debt [Abstract]

Long-Term Debt

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016			December 31, 2015
Secured loan facilities		177,997			178,447
Less: Deferred financing costs		(907	)		(942	)
Total		177,090			177,505
Less - current portion		(2,683	)		(718	)
Long-term portion		174,407			176,787

Maturities of Long-Term Debt

The annual principal payments required to be made after June 30, 2016 are as follows:

Twelve month periods ending	Amount
June 30, 2017		2,937
June 30, 2018		20,033
June 30, 2019		18,721
June 30, 2020		51,858
June 30, 2021		62,511
Thereafter		21,937
Total		177,997

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Trade Accounts and Other Payables (Tables)

6 Months Ended

Jun. 30, 2016

Trade Accounts and Other Payables [Abstract]

Trade Accounts and Other Payables

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

	June 30, 2016		December 31, 2015
Creditors		2,902		5,710
Insurances		163		162
Other		147		107
Total		3,212		5,979

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Interest and Finance Costs (Tables)

6 Months Ended

Jun. 30, 2016

Interest and Finance Costs [Abstract]

Interest and Finance Costs

Interest and finance costs are analyzed as follows:

	Six month period ended June 30,
	2016		2015
Interest on long-term debt		3,310		103
Amortization of debt issuance costs		120		20
Other		12		1
Total		3,442		124

Interest and Finance Costs - Related Party

Interest and finance costs-related party are analyzed as follows:

	Six month period ended June 30,
	2016		2015
Convertible notes interest expense		561		60
Convertible notes amortization of debt discount (Note 3)		376		89
Total		937		149

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Losses per Share (Tables)

6 Months Ended

Jun. 30, 2016

Losses per Share [Abstract]

Net Earnings per Common Share

The calculation of net earnings per common share is summarized below:

	Six month period ended June 30,
	2016			2015
Net loss		(11,859	)		(2,056	)
Weighted average common shares outstanding – basic and diluted		19,370,412			7,130,807
Net loss per common share – basic and diluted	$	(0.61	)	$	(0.29	)

Potentially Dilutive Securities

As of June 30, 2016 and 2015, securities that could potentially dilute basic EPS in the future that were not included in the computation of diluted EPS as mentioned above are:

	2016		2015
Non-vested equity incentive plan shares (Note 14)		144,000		-
Convertible promissory note shares (Note 3)		27,738,890		4,444,444
Total		27,882,890		4,444,444

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Basis of Presentation and General Information (Details)		6 Months Ended
	Jan. 08, 2016 shares	Jun. 30, 2016
Basis of Presentation and General Information [Abstract]
Country of incorporation		Republic of the Marshall Islands
Date of incorporation		Jan. 04, 2008
Reverse stock split ratio	0.2
Number of shares reduced due to rounding (in shares)	3

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Basis of Presentation and General Information, Going Concern (Details) $ / shares in Units, $ in Thousands		6 Months Ended		12 Months Ended
	Aug. 10, 2016 USD ($) $ / shares shares	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Dec. 31, 2015 Vessel
Basis of Presentation and General Information [Abstract]
Number of vessels acquired | Vessel				8
Scheduled debt installment payments for twelve month period ending June 30, 2017		$ 2,937
Going Concern [Abstract]
Net proceeds from direct offering		$ 0	$ 4,800
Subsequent Event [Member]
Going Concern [Abstract]
Issuance of common stock (in shares) | shares	1,180,000
Price per share (in dollars per share) | $ / shares	$ 4.15
Net proceeds from direct offering	$ 4,147

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Basis of Presentation and General Information, Subsidiaries in Consolidation (Details)	6 Months Ended
	Jun. 30, 2016
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Republic of the Marshall Islands
Date of incorporation	Jan. 04, 2008
Seanergy Management Corp. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[1],[2]
Date of incorporation	May 09, 2008	[1],[2]
Seanergy Shipmanagement Corp. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[1],[2]
Date of incorporation	Sep. 16, 2014	[1],[2]
Sea Glorius Shipping Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Sep. 16, 2014	[2]
Vessel name	Gloriuship
Date of delivery	Nov. 03, 2015
Financed by	HSH Nordbank AG
Sea Genius Shipping Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Sep. 16, 2014	[2]
Vessel name	Geniuship
Date of delivery	Oct. 13, 2015
Financed by	HSH Nordbank AG
Leader Shipping Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Jan. 15, 2015	[2]
Vessel name	Leadership
Date of delivery	Mar. 19, 2015
Financed by	Alpha Bank A.E.
Premier Marine Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Jul. 09, 2015	[2]
Vessel name	Premiership
Date of delivery	Sep. 11, 2015
Financed by	UniCredit Bank AG
Gladiator Shipping Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Jul. 09, 2015	[2]
Vessel name	Gladiatorship
Date of delivery	Sep. 29, 2015
Financed by	UniCredit Bank AG
Guardian Shipping Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Jul. 09, 2015	[2]
Vessel name	Guardianship
Date of delivery	Oct. 21, 2015
Financed by	UniCredit Bank AG
Champion Ocean Navigation Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Liberia	[2]
Date of incorporation	Aug. 06, 2015	[2]
Vessel name	Championship
Date of delivery	Dec. 07, 2015
Financed by	Natixis
Squire Ocean Navigation Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Liberia	[2]
Date of incorporation	Aug. 06, 2015	[2]
Vessel name	Squireship
Date of delivery	Nov. 10, 2015
Financed by	Alpha Bank A.E.
Pembroke Chartering Services Limited [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Malta	[3]
Date of incorporation	Dec. 02, 2015	[3]
Amazons Management Inc. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Apr. 21, 2008	[2]
Vessel name	Davakis G.
Date of delivery	Aug. 28, 2008
Date of sale/disposal	Mar. 06, 2014
Financed by	Piraeus Bank
Lagoon Shipholding Ltd. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Apr. 21, 2008	[2]
Vessel name	Delos Ranger
Date of delivery	Aug. 28, 2008
Date of sale/disposal	Mar. 11, 2014
Financed by	Piraeus Bank
Cynthera Navigation Ltd. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Mar. 18, 2008	[2]
Vessel name	African Oryx
Date of delivery	Aug. 28, 2008
Date of sale/disposal	Apr. 10, 2013
Financed by	Piraeus Bank
Martinique International Corp. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	British Virgin Islands	[2]
Date of incorporation	May 14, 2008	[2]
Vessel name	Bremen Max
Date of delivery	Sep. 11, 2008
Date of sale/disposal	Mar. 07, 2014
Financed by	Piraeus Bank
Harbour Business International Corp. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	British Virgin Islands	[2]
Date of incorporation	Apr. 01, 2008	[2]
Vessel name	Hamburg Max
Date of delivery	Sep. 25, 2008
Date of sale/disposal	Mar. 10, 2014
Financed by	Piraeus Bank
Waldeck Maritime Co. [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Marshall Islands	[2]
Date of incorporation	Apr. 21, 2008	[2]
Vessel name	African Zebra
Date of delivery	Sep. 25, 2008
Date of sale/disposal	Feb. 15, 2012
Financed by	Piraeus Bank
Maritime Capital Shipping Limited [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Bermuda	[2]
Date of incorporation	Apr. 30, 2007	[2]
Maritime Capital Shipping (HK) Limited [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	Hong Kong	[1]
Date of incorporation	Jun. 16, 2006	[1]
Maritime Glory Shipping Limited [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	British Virgin Islands	[4]
Date of incorporation	Apr. 08, 2008	[4]
Vessel name	Clipper Glory
Date of delivery	May 21, 2010
Date of sale/disposal	Dec. 04, 2012
Financed by	HSBC
Maritime Grace Shipping Limited [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	British Virgin Islands	[4]
Date of incorporation	Apr. 08, 2008	[4]
Vessel name	Clipper Grace
Date of delivery	May 21, 2010
Date of sale/disposal	Oct. 15, 2012
Financed by	HSBC
Atlantic Grace Shipping Limited [Member]
Subsidiaries in Consolidation [Abstract]
Country of incorporation	British Virgin Islands	[5]
Date of incorporation	Oct. 09, 2007	[5]

[1] Management company

[2] Subsidiaries wholly owned

[3] Chartering services company

[4] Vessel owning subsidiaries owned by Maritime Capital Shipping Limited (or "MCS")

[5] Dormant company

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Significant Accounting Policies (Details) - Sales Revenue [Member] - Customer Concentration Risk [Member]	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Concentration of Credit Risk [Abstract]
Concentration risk percentage	45.00%	100.00%
Customer A [Member]
Concentration of Credit Risk [Abstract]
Concentration risk percentage	20.00%	0.00%
Customer B [Member]
Concentration of Credit Risk [Abstract]
Concentration risk percentage	15.00%	0.00%
Customer C [Member]
Concentration of Credit Risk [Abstract]
Concentration risk percentage	10.00%	0.00%
Customer D [Member]
Concentration of Credit Risk [Abstract]
Concentration risk percentage	0.00%	100.00%

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Transactions with Related Parties, Convertible Promissory Notes (Details) $ / shares in Units, $ in Thousands	6 Months Ended			12 Months Ended
	Jun. 30, 2016 USD ($) Installment Amendment $ / shares	Dec. 31, 2015 USD ($)	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)	Jun. 16, 2016 USD ($)	Sep. 07, 2015 USD ($) $ / shares	Mar. 12, 2015 USD ($)
Applicable Limit [Abstract]
Beginning balance	$ 178,447
Additions	9,400		$ 4,000
Ending balance	177,997	$ 178,447		$ 178,447
Accumulated Deficit [Abstract]
Amortization (Note 12)	376		89
Debt [Abstract]
Beginning balance	103
Ending balance	249	103		103
Additional Paid-in Capital [Abstract]
Intrinsic value of BCF			4,000
Intrinsic value of BCF	9,400
Unsecured Convertible Promissory Note [Member]
Applicable Limit [Abstract]
Beginning balance	4,000	4,000	0	0
Additions			4,000
Ending balance	4,000	4,000	4,000	4,000
Debt Discount [Abstract]
Beginning balance	(4,000)	(4,000)	0	0
Additions			(4,000)
Ending balance	(4,000)	(4,000)	(4,000)	(4,000)
Accumulated Deficit [Abstract]
Beginning balance	103	89	0	0
Amortization (Note 12)	146	214	89
Partial extinguishment of debt		(200)		(200)
Ending balance	249	103	89	103
Debt [Abstract]
Beginning balance	103	89	0	0
Amortization (Note 12)	146	214	89
Partial extinguishment of debt		(200)
Ending balance	249	103	89	103
Additional Paid-in Capital [Abstract]
Beginning balance	3,800		0	0
Intrinsic value of BCF				4,000
Consideration allocated to repurchase of BCF		(200)		(200)
Ending balance	3,800	3,800		3,800
Unsecured Revolving Convertible Promissory Note [Member]
Applicable Limit [Abstract]
Beginning balance	11,765	0	0	0
Additions	9,400	11,765
Ending balance	21,165	11,765	0	11,765
Debt Discount [Abstract]
Beginning balance	(11,765)	0	0	0
Additions	(9,400)	(11,765)
Ending balance	(21,165)	(11,765)	0	(11,765)
Accumulated Deficit [Abstract]
Beginning balance	31	0	0	0
Amortization (Note 12)	230	31
Ending balance	261	31	0	31
Debt [Abstract]
Beginning balance	31	0	0	0
Amortization (Note 12)	230	31
Ending balance	261	31	0	31
Additional Paid-in Capital [Abstract]
Beginning balance	11,765		$ 0	0
Intrinsic value of BCF				11,765
Intrinsic value of BCF	9,400
Ending balance	$ 21,165	$ 11,765		$ 11,765
Jelco Delta Holding Corp [Member] | Unsecured Convertible Promissory Note [Member]
Convertible Promissory Notes [Abstract]
Convertible promissory notes							$ 4,000
Number of consecutive payment installments | Installment	10
Frequency of periodic payment	Semi-annual
Installment payment	$ 200
Balloon payment	$ 2,000
Maturity date	Mar. 19, 2020
Conversion price of convertible notes into common stock (in dollars per share) | $ / shares	$ 0.90
Jelco Delta Holding Corp [Member] | Unsecured Convertible Promissory Note [Member] | Maximum [Member]
Convertible Promissory Notes [Abstract]
Number of consecutive payment installments that can be deferred | Installment	3
Jelco Delta Holding Corp [Member] | Unsecured Revolving Convertible Promissory Note [Member]
Convertible Promissory Notes [Abstract]
Conversion price of convertible notes into common stock (in dollars per share) | $ / shares						$ 0.90
Additional Paid-in Capital [Abstract]
Maximum principal amount available to be drawn					$ 21,165	$ 6,765
Decrease in Applicable Limit					$ (3,100)	$ (1,000)
Number of amendments | Amendment	7
Jelco Delta Holding Corp [Member] | Unsecured Revolving Convertible Promissory Note [Member] | Maximum [Member]
Additional Paid-in Capital [Abstract]
Tenor of note	5 years

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Transactions with Related Parties, Vessel Acquisitions (Details)		6 Months Ended	12 Months Ended
	Aug. 06, 2015 Vessel	Jun. 30, 2016 t	Dec. 31, 2015 Vessel
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel			8
Drybulk Vessel [Member]
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel	7
Capesize Vessel [Member]
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel	5
Supramax Vessel [Member]
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel	2
Premiership [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Sep. 11, 2015
Vessel class		Capesize
Dead weight tonnage		170,024
Year built		2010
Gladiatorship [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Sep. 29, 2015
Vessel class		Supramax
Dead weight tonnage		56,819
Year built		2010
Geniuship [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Oct. 13, 2015
Vessel class		Capesize
Dead weight tonnage		170,057
Year built		2010
Guardianship [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Oct. 21, 2015
Vessel class		Supramax
Dead weight tonnage		56,884
Year built		2011
Gloriuship [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Nov. 03, 2015
Vessel class		Capesize
Dead weight tonnage		171,314
Year built		2004
Squireship [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Nov. 10, 2015
Vessel class		Capesize
Dead weight tonnage		170,018
Year built		2010
Championship [Member]
Vessel Acquisitions [Abstract]
Date of delivery		Dec. 07, 2015
Vessel class		Capesize
Dead weight tonnage		179,238
Year built		2011

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Transactions with Related Parties, Property Lease Agreement (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Property Lease Agreement [Abstract]
General and administration expenses	$ 0	$ 70
Waterfront S.A. [Member] | Rent Expense for Property Lease Agreement for Executive Offices [Member]
Property Lease Agreement [Abstract]
General and administration expenses	$ 0	$ 70

XML

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventories [Abstract]
Inventories	$ 2,455	$ 2,980
Lubricants [Member]
Inventories [Abstract]
Inventories	438	739
Bunkers [Member]
Inventories [Abstract]
Inventories	$ 2,017	$ 2,241

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Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Current Assets [Abstract]
Prepaid expenses	$ 524	$ 476
Insurance claims	22	14
Other	342	167
Total	$ 888	$ 657

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Vessels, Net (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Accumulated Depreciation [Abstract]
Additions	$ (4,196)	$ (158)
Net book value	195,684		$ 199,880
Vessels [Member]
Cost [Abstract]
Beginning balance	201,684	0	0
Additions	0		201,684
Ending balance	201,684		201,684
Accumulated Depreciation [Abstract]
Beginning balance	(1,844)	$ 0	0
Additions	(4,185)		(1,844)
Ending balance	(6,029)		(1,844)
Net book value	$ 195,655		$ 199,840

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Long-Term Debt, Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Long-Term Debt [Abstract]
Secured loan facilities	$ 177,997	$ 178,447
Less: Deferred financing costs	(907)	(942)
Total	177,090	177,505
Less-current portion	(2,683)	(718)
Long-term portion	$ 174,407	$ 176,787

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Long-Term Debt, Secured Credit Facilities (Details) $ in Thousands														6 Months Ended
	Jul. 28, 2016 Installment	Dec. 07, 2015 USD ($)	Dec. 02, 2015 USD ($) Installment	Nov. 10, 2015 USD ($)	Nov. 04, 2015 USD ($) Installment	Nov. 03, 2015 USD ($)	Oct. 21, 2015 USD ($)	Oct. 13, 2015 USD ($)	Sep. 29, 2015 USD ($)	Sep. 11, 2015 USD ($) Vessel Installment Tranche	Sep. 01, 2015 USD ($) Vessel Installment Advance Tranche	Mar. 17, 2015 USD ($)	Mar. 06, 2015 USD ($) Installment	Jun. 30, 2016 USD ($) Installment Facility	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Secured Credit Facilities [Abstract]
Proceeds from draw down														$ 0	$ 8,750
Long-term portion														$ 174,407		$ 176,787
Number of facilities guaranteed by Seanergy Maritime Holdings Corp. | Facility														5
Loan Agreement dated March 6, 2015 [Member]
Secured Credit Facilities [Abstract]
Maximum borrowing capacity													$ 8,750
Proceeds from draw down												$ 8,750
Number of consecutive payment installments | Installment													20
Frequency of periodic payment														Quarterly
Balloon payment													$ 3,950
Maturity date														Mar. 17, 2020
Term to meet consolidated installment and debt interest payments														18 months
Number of installments paid | Installment														5
Long-term portion														$ 600
Loan Agreement dated March 6, 2015 [Member] | Subsequent Event [Member]
Secured Credit Facilities [Abstract]
Number of consecutive payment installments that can be partially deferred | Installment	4
Loan Agreement dated March 6, 2015 [Member] | Maximum [Member]
Secured Credit Facilities [Abstract]
Percentage of net income limit for declaring dividends													50.00%
Loan Agreement dated March 6, 2015 [Member] | LIBOR [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate													3.75%
Loan Agreement dated March 6, 2015 [Member] | First Year [Member]
Secured Credit Facilities [Abstract]
Number of consecutive payment installments | Installment													4
Installment payment													$ 200
Loan Agreement dated March 6, 2015 [Member] | After First Year [Member]
Secured Credit Facilities [Abstract]
Number of consecutive payment installments | Installment													16
Installment payment													$ 250
Loan Agreement dated September 1, 2015 [Member]
Secured Credit Facilities [Abstract]
Maximum borrowing capacity											$ 44,430
Proceeds from draw down						$ 16,833		$ 27,597
Number of consecutive payment installments | Installment											12
Frequency of periodic payment														Quarterly
Installment payment											$ 1,049
Balloon payment											$ 31,837
Maturity date														Jun. 30, 2020
Number of advances | Advance											2
Number of tranches per advance | Tranche											2
Number of vessels secured by first priority mortgage | Vessel											2
Loan Agreement dated September 1, 2015 [Member] | LIBOR [Member] | Minimum [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate											3.25%
Loan Agreement dated September 1, 2015 [Member] | LIBOR [Member] | Maximum [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate											3.60%
Loan Agreement dated September 11, 2015 [Member]
Secured Credit Facilities [Abstract]
Maximum borrowing capacity										$ 52,705
Proceeds from draw down							$ 13,642		$ 13,643	$ 25,420
Number of consecutive payment installments | Installment										15
Frequency of periodic payment														Quarterly
Installment payment										$ 1,552
Balloon payment										$ 29,425
Maturity date														Dec. 28, 2020
Number of vessels secured by first priority mortgage | Vessel										3
Number of tranches | Tranche										3
Value to loan ratio, first threshold										125.00%
Value to loan ratio, second threshold										166.67%
Commitment fee percentage										1.00%
Commitment fee										$ 22
Loan Agreement dated September 11, 2015 [Member] | LIBOR [Member] | Loan to Value Ratio Less than 125% [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate										3.20%
Loan Agreement dated September 11, 2015 [Member] | LIBOR [Member] | Loan to Value Ratio Between 125% and 166.67% [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate										3.00%
Loan Agreement dated September 11, 2015 [Member] | LIBOR [Member] | Loan to Value Ratio Greater than 166.67% [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate										2.75%
Loan Agreement dated November 4, 2015 [Member]
Secured Credit Facilities [Abstract]
Maximum borrowing capacity					$ 33,750
Proceeds from draw down				$ 33,750
Number of consecutive payment installments | Installment					16
Frequency of periodic payment														Quarterly
Installment payment					$ 844
Balloon payment					$ 20,250
Maturity date														Nov. 10, 2021
Term to meet consolidated installment and debt interest payments														18 months
Loan Agreement dated November 4, 2015 [Member] | Maximum [Member]
Secured Credit Facilities [Abstract]
Percentage of net income limit for declaring dividends					50.00%
Loan Agreement dated November 4, 2015 [Member] | LIBOR [Member]
Secured Credit Facilities [Abstract]
Margin on variable rate					3.50%
Loan Agreement dated December 2, 2015 [Member]
Secured Credit Facilities [Abstract]
Maximum borrowing capacity			$ 39,412
Proceeds from draw down		$ 39,412
Number of consecutive payment installments | Installment			15
Frequency of periodic payment														Quarterly
Installment payment			$ 985
Balloon payment			$ 24,637
Maturity date														Feb. 26, 2021
Margin on variable rate			2.50%

XML

Long-Term Debt, Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Annual Principal Payments [Abstract]
June 30, 2017	$ 2,937
June 30, 2018	20,033
June 30, 2019	18,721
June 30, 2020	51,858
June 30, 2021	62,511
Thereafter	21,937
Total	$ 177,997	$ 178,447

XML

Trade Accounts and Other Payables (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Trade Accounts and Other Payables [Abstract]
Creditors	$ 2,902	$ 5,710
Insurances	163	162
Other	147	107
Total	$ 3,212	$ 5,979

XML

Capital Structure (Details) $ / shares in Units, $ in Thousands							1 Months Ended	6 Months Ended
	Aug. 10, 2016 USD ($) $ / shares shares	Jan. 08, 2016	Oct. 21, 2015 USD ($) shares	Sep. 29, 2015 USD ($) shares	Sep. 11, 2015 USD ($) shares	Mar. 12, 2015 USD ($) $ / shares shares	Oct. 21, 2015 USD ($) Tranche shares	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Sep. 07, 2015 $ / shares
Common Stock [Abstract]
Reverse stock split ratio		0.2
Net proceeds from issuance of common stock								$ 0	$ 4,800
Subsequent Event [Member]
Common Stock [Abstract]
Issuance of common stock (in shares) | shares	1,180,000
Net proceeds from issuance of common stock	$ 4,147
Price per share (in dollars per share) | $ / shares	$ 4.15
Jelco [Member]
Common Stock [Abstract]
Issuance of common stock (in shares) | shares			3,476,520	2,655,740	3,889,980	5,000,100	10,022,240
Net proceeds from issuance of common stock			$ 3,129	$ 2,390	$ 3,501	$ 4,500	$ 9,020
Price per share (in dollars per share) | $ / shares						$ 0.90				$ 0.90
Number of tranches | Tranche							3
Chief Executive Officer [Member]
Common Stock [Abstract]
Issuance of common stock (in shares) | shares						333,400
Net proceeds from issuance of common stock						$ 300
Price per share (in dollars per share) | $ / shares						$ 0.90

XML

Interest and Finance Costs (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Interest and Finance Costs [Abstract]
Interest on long-term debt	$ 3,310	$ 103
Amortization of debt issuance costs	120	20
Other	12	1
Total	3,442	124
Related Party Costs [Abstract]
Convertible notes interest expense	561	60
Convertible notes amortization of debt discount (Note 3)	376	89
Total	$ 937	$ 149

XML

Losses per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Losses per Share [Abstract]
Net loss	$ (11,859)	$ (2,056)
Weighted average common shares outstanding - basic and diluted (in shares)	19,370,412	7,130,807
Net loss per common share - basic and diluted (in dollars per share)	$ (0.61)	$ (0.29)
Losses per Share [Abstract]
Antidilutive securities not included in computation of diluted EPS (in shares)	27,882,890	4,444,444
Non-vested Equity Incentive Plan Shares [Member]
Losses per Share [Abstract]
Antidilutive securities not included in computation of diluted EPS (in shares)	144,000	0
Convertible Promissory Note Shares [Member]
Losses per Share [Abstract]
Antidilutive securities not included in computation of diluted EPS (in shares)	27,738,890	4,444,444

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Equity Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands			6 Months Ended
	Feb. 03, 2016	Oct. 01, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Equity Incentive Plan [Abstract]
Unrecognized cost for non-vested shares			$ 414		$ 521
2011 Equity Incentive Plan [Member] | Restricted Stock [Member]
Equity Incentive Plan [Abstract]
Shares granted (in shares)		189,000
Fair value of equity incentive plan per share (in dollars per share)		$ 3.70
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Certain Other Employees [Member]
Equity Incentive Plan [Abstract]
Shares granted (in shares)		153,000
Vesting period			3 years
Shares vested (in shares)		25,000
Shares cancelled (in shares)	8,000
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Certain Other Employees [Member] | Vesting October 1, 2016 [Member]
Equity Incentive Plan [Abstract]
Shares outstanding (in shares)			31,000
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Certain Other Employees [Member] | Vesting October 1, 2017 [Member]
Equity Incentive Plan [Abstract]
Shares outstanding (in shares)			42,000
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Certain Other Employees [Member] | Vesting October 1, 2018 [Member]
Equity Incentive Plan [Abstract]
Shares outstanding (in shares)			47,000
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Board of Directors [Member]
Equity Incentive Plan [Abstract]
Shares granted (in shares)		36,000
Vesting period			2 years
Shares vested (in shares)		12,000
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Board of Directors [Member] | Vesting October 1, 2016 [Member]
Equity Incentive Plan [Abstract]
Shares outstanding (in shares)			12,000
2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Board of Directors [Member] | Vesting October 1, 2017 [Member]
Equity Incentive Plan [Abstract]
Shares outstanding (in shares)			12,000
General and Administrative Expense [Member]
Equity Incentive Plan [Abstract]
Share-based compensation expense			$ 79	$ 0

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Subsequent Events (Details) $ / shares in Units, $ in Thousands					6 Months Ended		12 Months Ended
	Sep. 26, 2016 USD ($) Vessel	Aug. 10, 2016 USD ($) $ / shares shares	Jul. 28, 2016 Installment	Aug. 06, 2015 Vessel	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($) Vessel
Secured Credit Facility [Abstract]
Outstanding balance					$ 177,090		$ 177,505
Common Stock [Abstract]
Net proceeds from direct offering					0	$ 4,800
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel							8
Capesize Vessel [Member]
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel				5
Loan Agreement dated March 6, 2015 [Member]
Secured Credit Facility [Abstract]
Outstanding balance					$ 7,700
Subsequent Event [Member]
Common Stock [Abstract]
Net proceeds from direct offering		$ 4,147
Issuance of common stock (in shares) | shares		1,180,000
Common stock purchase price (in dollars per share) | $ / shares		$ 4.15
Subsequent Event [Member] | Capesize Vessel [Member]
Vessel Acquisitions [Abstract]
Number of vessels acquired | Vessel	2
Purchase price per vessel	$ 20,750
Subsequent Event [Member] | Loan Agreement dated March 6, 2015 [Member]
Secured Credit Facility [Abstract]
Number of consecutive payment installments that can be partially deferred | Installment			4