Marine Link
Thursday, March 28, 2024

Aries Maritime Takes Delivery of Tanker

Maritime Activity Reports, Inc.

June 19, 2006

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.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week