Seanergy Maritime (SHIP +21.5%) shares surge on volume 20x greater than normal after the dry...

|About: Seanergy Maritime Holdings ... (SHIP)|By:, SA News Editor

Seanergy Maritime (SHIP +21.5%) shares surge on volume 20x greater than normal after the dry bulk shipper reported an unexpected profit in Q4, helped by increased operating days and reduced costs. However, market conditions are expected to remain weak in 2012 as new vessel deliveries add to oversupply in the industry, depressing rates.