Hellenic Carriers: M/V Hellenic Sea time chartered at US$16,500 per day for 4-6 months

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Tuesday, 16 June 2009

Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, announces today that it has entered into a time charter agreement with SwissMarine Corporation Ltd for the M/V Hellenic Sea for a period of minimum four to about six months at a gross rate of US$16,500 per day.
The charter commenced on 11 June, 2009. The earliest expiration date is 11 October 2009.
The M/V Hellenic Sea is a 65,434 dwt Panamax built in 1991 at Jiangnan Shipyard, China.
Following the time charter of the vessel M/V Hellenic Sea, the estimated time charter coverage for the remaining of 2009 is approximately 76% and 49% for the whole of 2010.
Source: Hellenic Carriers Ltd.