OceanFreight Declares Charter

Greek shipping line OceanFreight has announced a charter for a recently acquired 180,000dwt Capesize vessel. The ship, to be christened M/V Montecristo, will work on a time charter for a minimum period of four years at a gross rate of $23,500 per day and a maximum of eight years

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Greek shipping line OceanFreight has announced a charter for a recently acquired 180,000dwt Capesize vessel.

The ship, to be christened M/V Montecristo, will work on a time charter for a minimum period of four years at a gross rate of $23,500 per day and a maximum of eight years at an average gross rate of $24,125 per day for the optional period.

The company expects the vessel to generate revenues worth $34.3m over the period of four years.

OceanFreight’s fleet charter coverage for 2010 stands at nearly 72%.

OceanFreight owns a fleet of 12 vessels, comprising eight drybulk vessels and four crude carrier tankers with a combined deadweight tonnage of about 1.2 million tonnes.