Aries Maritime Takes Delivery of Products Tankers

Wednesday, November 30, 2005
Aries Maritime Transport Limited announced that it has taken delivery of the Chinook, a 2001-built 38,700 dwt double-hulled products tanker. The Chinook was acquired from German owners for $32.6 million. The purchase price is inclusive of the ship's existing time charter with Italian stock listed group Navigazione Montanari at the gross rate of $13,100 per day for the remainder of this year and $13,700 per day until expiration of the contract in January 2007. In addition to the Chinook, the Company expects to take delivery of two Panamax newbuildings in December 2005 and March 2006. Following the delivery of these vessels, Aries will operate a fleet of ten double-hulled products tankers with an average age of 6.3 years and total dwt of 575,325. 100% of the Company's products fleet will be employed on profitable time charters with an average duration of 2.5 years. Three of the Company's products tankers will have profit sharing agreements as part of their charters.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Today in U.S. Naval History: August 20

Today in U.S. Naval History - August 20 1952 - In interservice air operation at Chang Pyong-ni, Korea, U.S. Navy, Marine and Air Force aircraft destroy 80 percent of assigned area.

MV Cape Ray Signals DTRA 'Mission Complete'

The Defense Threat Reduction Agency announces the successful completion of the Cape Ray's mission to destroy Syria's chemical weapons components at sea. The Defense Threat Reduction Agency/U.

Aircraft Carrier Hull Ready for Delivery

A large section of HMS Prince of Wales has been loaded out of its dock hall in Portsmouth ready for delivery to Rosyth for final assembly of the second Queen Elizabeth Class aircraft carrier to begin.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1548 sec (6 req/sec)