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Article: Genco Shipping & Trading Limited Takes Delivery of Supramax Vessel.
- Article from:
- PR Newswire
- Article date:
- July 17, 2008
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NEW YORK, July 17 /PRNewswire-FirstCall/ -- Genco Shipping & Trading Limited today announced that it has taken delivery of the Genco Cavalier, a 2007-built Supramax vessel. The Genco Cavalier is the second vessel to be delivered to the Company under Genco's agreements previously announced on May 12, 2008 to acquire three drybulk vessels from Bocimar International N.V. and Delphis N.V.
The Genco Cavalier is expected to be delivered to its charterer, Samsun Logix Corporation, on or about July 19, 2008, to commence a time charter for 24 to 26.5 months at a cash rate of $48,500 per day, less a 5% third party brokerage commission. The charter is due to expire ...