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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Canadian Navy Delays Opening of Arctic facility

Canada's military has again delayed the opening of a major new Arctic port, a sign the government is struggling to assert sovereignty over a remote resource-rich region.

Hornbeck Completes $114M Sale of OSVs to U.S. Navy

Hornbeck Offshore Services has closed the sale of three 250EDF class OSVs to the U.S. Navy, the company announced today.   The three vessels were sold for cash consideration of $114 million,

Italy to Begin Naval Exercises off Libya

Italy will begin annual naval exercises this week near the coast of Libya, where a breakdown in order has allowed tens of thousands of migrants to try to reach

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Port Authority Salvage 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: 0.1962 sec (5 req/sec)