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Article: Aries Maritime Announces Extended Bareboat Charters for Two Products Tankers.
- Article from:
- Science Letter
- Article date:
- July 29, 2008
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Aries Maritime Transport Limited (NASDAQ: RAMS) announced it has
renewed the bareboat charters for the Stena Compass, a 2006-built double-hull products tanker, and its sister ship, the Stena Compassion, with Stena Group (see also Aries Maritime Transport Ltd).
The charters will be for 23 to 25 months at a gross rate of $18,700 per day per vessel, less 2.5% in brokerage commissions. The charters also include a profit-sharing component for Aries equal to 30% of the actual Time Charter Equivalent rate above $26,000 per day per vessel. The charters are scheduled to commence upon expiration of the vessels' current charter.
Aries also announced that ...