Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Handymax Dry Bulk Carrier News

02 Jun 2011

Seanergy Maritime Charter Extensions

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP; SHIP.W) announced today that it has entered into agreements with MUR Shipping BV to extend the time charter contracts for the Company’s Handysize vessel M/V African Oryx and its Handymax vessel M/V African Zebra, in direct continuation from the end of the minimum period of the previous charter parties of the two vessels. The charters have been extended for a period of 22 to 25 months, at gross base charter rates of $7,000 and $7,500 per day for the M/V African Oryx and the M/V African Zebra, respectively.

13 Oct 2009

Globus Maritime Sells Handymax Dry Bulk Carrier

Globus Maritime Limited (AIM: GLBS) (LSE: GLBS), a marine transportation company that owns and operates a fleet of Handymax and Panamax dry bulk ocean-going vessels, signed a Memorandum of Agreement with an unaffiliated third party for the sale of the M/V Lake Globe, a 1994-built Handymax dry bulk carrier of approximately 43,216 dwt, for the gross price of $16.5m in cash. Delivery to the new owners is expected to take place between November 1 and November 30, 2009, at the option of Globus. Taking depreciation and amortization into account the Company expects to realize a book loss of approximately $3.5m on this sale. Globus intends to utilize the cash proceeds to repay bank debt and strengthen its liquidity.

20 Jul 2009

Seanergy Secures Time Charter

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) (NASDAQ: SHIPW) announced that it has entered into time charter contracts with MUR Shipping BV, a first class charterer, for its two handy dry bulk carriers, the M/V African Oryx and the M/V African Zebra, for a period of minimum twenty two to twenty five months at gross floor charter rates of $7,000 and $7,500 respectively per day and a 50% adjusted profit share to be distributed equally between owners and charterers calculated on the average spot Time Charter Routes derived from the Baltic Supramax Index. The charters will commence on July 17, 2009 and July 20, 2009 respectively, upon delivery from their current commitments.

26 Oct 2007

Excel Maritime Enters into Time Charter Agreements

Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced that it has chartered M/V Birthday for a time charter consisting of two “laden legs” with an approximate duration of 60 days at a daily rate of $92,750 per day and the M/V Marybelle for a period of minimum 5 up to maximum 7 months at $50,650 per day, both to first class charterers. The M/V Birthday is a 1993 Panamax dry bulk carrier of 71,504 dwt, built in Japan. The M/V Marybelle is a 1987 handymax dry bulk carrier of 42,552 dwt, built in Japan. The company took delivery of both vessels in March 2005.

06 Jul 2007

Excel Maritime Enters into Time Charter

Excel Maritime Carriers Ltd has entered into time charter agreements for the M/V Powerful and the M/V Princess I. The M/V Powerful has been chartered for a period of about 23 up to about 25 months at US $39,000 per day to a first class European charterer. The vessel will be delivered into charter within July 2007. M/V Powerful is a Panamax dry bulk carrier of 70,083 dwt, built in 1994, which the company acquired in March 2005. The M/V Princess I has been chartered for a period of minimum 22 to about 24 months at $30,000 per day to a first-class European charterer. The vessel will be delivered into charter on July 17, 2007. M/V Princess is a Handymax dry bulk carrier of 38,858 dwt, built in 1994, which the company acquired in February 2005.

11 May 2007

Excel Maritime to Sell Bulk Carrier

Japan, to an affiliated company for $15.85 million net of commissions. the buyer the week commencing May 7, 2007. book gain of approximately $6.2 million from this sale. Excel of about $ 17,000 per month or about $ 200,000 annually.

01 May 2007

GE Shipping Takes Delivery of Handymax Dry Bulk Carrier

Great Eastern Shipping Company Ltd (GE Shipping) has announced has taken delivery of the 47,240 dwt, 1997 built Handymax dry bulk carrier. Now named Jag Riddhi, the vessel was contracted in March 2007. With this, the fleet of 46 vessels includes 34 tankers (13 crude oil carriers, 19 product carriers, and 2 LPG carriers) and 12 drybulk carriers (1 capesize, 2 panamax, 6 handymax and 3 handysize) with an average age of 12.2 years aggregating 3.22 Mn dwt. The company's current new building order book comprises 5 product tankers (1 Medium Range and 4 LR1 product tankers aggregating 0.33 Mn dwt). The stock closed the day at Rs.246.90, up by Rs.7.05 or 2.94%. The stock hit an intraday high of Rs.249.90 and low of Rs.237.05.