Hellenic Carriers Limited News

Hellenic Carriers Limited, an international provider of marine transportation services for dry bulk cargoes, on 17 May 2016 sold the Company’s vessel HELLENIC WIND (74,000 DWT built 1997) for demolition to an unrelated third party for a total gross cash consideration of US$2.88 million. US$1.6 million of the proceeds of this sale were used by the Company for repayment of its outstanding debt under the loan described as Loan B in note 11 to the Company’s audited consolidated financial statements for the year ended 31 December 2015 (“Loan B”) and US$1 million remains pledged to the bank to be used (i) for the Intermediate or Special Surveys of the Company’s other vessels mortgaged under Loan B and (ii) payment of interest due under Loan B.

Transas Hellas will supply ECDIS and Official Charts to Hellenic Carriers Corporation S.A. according to agreement recently signed between two companies. Hellenic Carriers Corporation’s fleet will be equipped with the Transas Navi-Sailor 4000 ECDIS in premium configuration and Transas Admiralty Data Service (TADS) providing a comprehensive and official chart data service. All vessels will shift to paperless navigation immediately after installation is completed. The first two new built vessels have been already commissioned and now sail on the Transas ECDIS.