OceanPal Inc. announces time charter contract with Koch
Published by Jessica Casey,
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
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.
Miller and Clearwater Dynamics partner to establish marine insurance solution for the Ukrainian grain corridor
The two companies, in conjunction with the Ukrainian Authorities, have announced that they have partnered to enable full War Risks insurance coverage to be offered for vessels operating in the Black Sea.