Aries Maritime Transport Provides Update on the Bora
Transport Limited announced that it has withdrawn the
Bora, a 2000- built double-hull products tanker, from the vessel's charter
with PDVSA, and is currently marketing the vessel for a new charter.
Mons S. Bolin, President and Chief Executive Officer, commented, "Rates
for products tankers remain firm and we are actively pursuing a new charter
for the Bora in the international market. We remain committed to employing
our vessels on period charters with leading charterers in order to provide
shareholders with a stable revenue and dividend stream."