Skip to main content

OceanPal Inc. announces time charter contract with Koch

Published by , Editor
Dry Bulk,


OceanPal Inc., a global shipping company specialising in the ownership of vessels, has entered into a time charter contract with Koch Shipping Pte. Ltd, Singapore for its capesize dry bulk vessel, the m/v Salt Lake City. The gross charter rate is US$29 750/d minus a 5% commission paid to third parties, for a period of minimum four months up to maximum seven months. The charter is expected to commence on 8 June 2022. The m/v Salt Lake City is currently chartered to C Transport Maritime Ltd., Bermuda at a gross charter rate of US$13 000/d, minus a 5% commission paid to third parties.

The ‘Salt Lake City’ is a 171 810 DWT capesize dry bulk vessel built in 2005.

The employment of ‘Salt Lake City’ is anticipated to generate approximately US$3.57 million of gross revenue for the minimum scheduled period of the time charter (i.e. about 120 days).

OceanPal Inc.’s fleet currently consists of three dry bulk vessels (one capesize and two panamax).

Read the article online at: https://www.drybulkmagazine.com/shipping/08062022/oceanpal-inc-announces-time-charter-contract-with-koch/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 

Castor Maritime sell old kamsarmax

Castor Maritime Inc. has announced the sale of the M/V Magic Nebula for a price of US$16.2 million with an expected net gain of US$2.5 million.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Dry bulk shipping market Capesize news