Market Overview

Three New Period Charters for Excel Maritime Carriers Ltd.

Excel Maritime Carriers Ltd. (NYSE: EXM) announced today that it entered into three new period charter agreements for one Capesize and two Kamsarmax vessels. More specifically:

The Capesize M/V Iron Miner (177,931 dwt; built in 2007) has been fixed for 12-18 months at a gross daily rate of $17,000;

The Kamsarmax M/V Iron Fuzeyya (82,209 dwt; built in 2006) has been fixed for 22-24 months at a gross daily rate of $12,750 for the first year, and, thereafter, a gross daily rate linked to the average 4 T/C Baltic Panamax Index with a floor of $11,750 gross per day, as well as a profit-sharing component; and

The Kamsarmax M/V Iron Lindrew (82,598 dwt; built in 2007) has been fixed for 22-25 months at a gross daily rate linked to the average 4 T/C Baltic Panamax Index with a floor of $12,000 gross per day, as well as a profit-sharing component.

Posted-In: News Contracts

 

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