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Showing results for tags 'Hellenic Carriers'.
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source: ΜGN GREEK-based dry bulker Hellenic Carriers Limited says it has fixed a panamax vessel time on a charter with Rizzo Bottiglieri-De Carlini Armatori for a minimum period of 11 months to 13 months at a gross rate of US$71,000 per day. The charter is due to commence by 25 June 2008 with delivery of the vessel in the Middle East. The 69,601 dwt Hellenic Breeze was built in 1993 by Tsuneishi Shipbuilding, Japan. Hellenic's CEO Fotini Karamanlis "Hellenic has achieved an impressive fixture at a gross rate of US$71,000 per day, which exemplifies our strategy of opportunistically seeking medium term coverage in conjunction with long term employment providing visibility of cash flows. This fixture with an established charterer is at a much higher rate than the vessel’s previous short term employment at a gross rate of US$64,000 per day. We estimate that this charter will generate about US$23m within the 11 month time frame. With this fixture we have increased our time charter coverage for the whole of 2008 to 88% and are continuing to build a solid time charter base for 2009 with 48% already covered by existing charters.”
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