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Article: Genco Shipping & Trading Limited Announces Plan to Extend Time Charter for Supramax Vessel.
- Article from:
- PR Newswire
- Article date:
- June 24, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Expands Time Charter Coverage to 91% for 2008 and 59% for 2009
NEW YORK, June 24 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited today announced that it has reached an agreement to extend the time charter for the Genco Hunter, a 2007-built Supramax vessel, with Pacific Basin Chartering Ltd. for 11 to 13.5 months at a rate of $62,000 per day, less a 5% third party brokerage commission. The time charter is expected to commence following the expiration of the vessel's current time charter and is subject to the completion of definitive documentation.
The following table reflects the current employment of Genco's current fleet as well as the ...