Norwegian Car Carriers Enters Time Charter Contract for ‘NOCC Oceanic’

Norwegian Car Carriers ASA has entered into a new time charter contract for “NOCC Oceanic”, a 6,450 CEU car carrier built in 2012.

The new time charter contract has been entered into for a period of about five years with commencement upon expiration of the existing charter in September 2013.

The charter contract is estimated to generate an EBITDA of about NOK 45 million during the initial 12 months period of the contract.

[mappress]

NOCC, June 21, 2013