Operator
Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. Conference Call on the First Quarter ended March 31, 2026, Financial Results. We have with us Mr. Stamatios Tsantanis, Chairman and CEO; and Mr. Stavros Gyftakis, Chief Financial Officer of Seanergy Maritime Holdings Corp. [Operator Instructions]
Please be advised that this conference call is being recorded today, Thursday, May 28, 2026. The archived webcast of the conference call will soon be made available on the Seanergy website, www.seanergymaritime.com, under the Webcast and Presentations section under the Investor Relations page.
Many of the remarks today contain forward-looking statements based on current expectations. Actual results may differ materially from the results projected from those forward-looking statements. Additional information concerning factors that can cause the actual results to differ materially from those in the forward-looking statements is contained in the first quarter ended March 31, 2026, earnings release, which is available on the Seanergy website again, www.seanergymaritime.com.
I would now like to turn the conference over to one of your speakers today, the Chairman and CEO of the company, Mr. Stamatios Tsantanis. Please go ahead, sir.
Stamatios Tsantanis
Chairman & CEO
Thank you, operator, and welcome, everybody. Seanergy delivered a very strong first quarter despite what is typically the seasonally weakest period of the year, highlighting the earnings power and resilience of the pure-play Capesize platform that we have built diligently over the past years.
Net revenues increased to $43 million from $24.2 million in
