Greece: Hellenic Carriers Announces Two Charter Agreements

Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, announces new 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.

[mappress]

Hellenic Carriers, October 9, 2012