Genco Plans to Extend Time Charter for the Genco Beauty

Thursday, April 19, 2007
Genco Shipping & Trading Limited announced it has reached an agreement to extend the time charter for the Genco Beauty, a 1999-built Panamax vessel currently on charter with Cargill International S.A. The extended time charter would be for an additional 23 to 26 months at a rate of $31,500 per day, less a 5% third party brokerage commission. The time charter, subject to completion of definitive documentation, is expected to commence following the expiration of the vessel's current time charter in June of 2007. Additionally, the Company announced that the previously disclosed time charter for the Genco Vigour is expected to commence following the expiration of the vessel's current time charter on or about May 5, 2007.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0873 sec (11 req/sec)