Seanergy Maritime Holdings Corp. (the 'company' or 'Seanergy'), has announced that it has entered into a time charter contract with a major European utility and energy company for its recently delivered capesize vessel. The 2012-built M/V Partnership will commence a period employment of about twelve to eighteen months and is expected to generate approximately US$8.8 million of gross revenue, assuming the full 18 months employment.
Stamatis Tsantanis, the company's Chairman & Chief Executive Officer, commented: "We are pleased to announce a period employment contract for our most recent Capesize acquisition. The strong rate achieved supports our projections for continued improvement in the capesize market and overall dry bulk sector.
"Assuming the full 18 months employment, this time charter is expected to generate approximately US$8.8 million of gross revenue, offering a considerable return on our most recent investment."
Read the article online at: https://www.drybulkmagazine.com/shipping/15062017/seanergy-maritime-holdings-corp-announces-time-charter-contract-for-mv-partnership/