Aries Maritime Transport Limited announced it has taken delivery of the second of two new products tankers
it acquired from the Stena Group.
Upon delivery, the 72,750 dwt 2006-built double-hulled Panamax products
tanker entered into a 2.5 year bareboat charter agreement with
the Stena Group at a rate of $18,700 per day, which is equivalent to a time charter rate
of approximately $24,500 per day. In addition, the bareboat charter with the Stena Group has a profit sharing component with a 30 percent share for Aries.