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9 Oct 2012 07:00
Hellenic Carriers Limited
Fleet Deployment Update
Press Release 9 October 2012
Fleet Deployment Update
Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces the following time charter agreements.
The M/V Konstantinos D has been fixed for a period of 4-6 months at a daily gross hire rate of US$ 7,600. The charter commenced on 29 September 2012, the earliest expiration date is on 29 January 2013 and the latest on 29 March 2013.
The M/V Konstantinos D is a 50,326dwt Supramax vessel built in 2000 at Mitsui Engineering and Shipbuilding, Japan.
The M/V Hellenic Wind has been fixed for a period of 5-9 months at a daily gross hire rate of US$ 7,350. The charter commenced on 5 October 2012, the earliest expiration date is on 5 March 2013 and the latest on 5 July 2013.
The M/V Hellenic Wind is a 73,981dwt Panamax vessel built in 1997 at Tsuneishi Shipbuilding, Japan.
Following the fixtures of M/V Konstantinos D and M/V Hellenic Wind, the estimated time charter coverage on the basis of the earliest expiration dates stands at approximately 67% for the remainder of 2012 and at 8% for 2013.
The deployment of the fleet is as follows:
Vessel | Type | Year Built | Yard | Carrying Capacity (dwt) | Charter Type | T/C Earliest Expiration Date | Daily Charter Rate US$ (Gross) |
M/V Hellenic Horizon | Handymax | 1995 | Halla Engineering & Heavy Industries, Korea | 44,809 | Trading Spot | - | - |
M/V Konstantinos D | Supramax | 2000 | Mitsui Engineering & Shipbuilding, Japan | 50,326 | T/C | 29/01/2013 | 7,600 |
M/V Hellenic Wind | Panamax | 1997 | Tsuneishi Shipbuilding, Japan | 73,981 | T/C | 05/03/2013 | 7,350 |
ENDS
For further information please contact:
Hellenic Carriers Limited
Fotini Karamanlis, Chief Executive Officer
E-mail: info@hellenic-carriers.com +30 210 455 8900
Panmure Gordon (UK) Limited
Andrew Godber +44 (0) 20 7886 2500
Capital Link
Nicolas Bornozis +1 212 661 7566 (New York)
Eleni Theodoropoulou +44 (0) 20 3206 1320 (London)
E-mail: helleniccarriers@capitallink.com
Further Information - Notes to Editors
About Hellenic Carriers Limited
Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of three vessels, comprising one Panamax, one Supramax and one Handymax with an aggregate carrying capacity of 169,116 dwt and a weighted average age of 15.3 years plus two new building vessels currently on order, both Kamsarmaxes with an aggregate carrying capacity of about 164,000 dwt.
Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.
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