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2009 July 10   08:03

Greek drybulk carrier OceanFreight to buy capesize vessel for $61.3 mln

Greek drybulk carrier OceanFreight Inc said it agreed to acquire a capesize bulk carrier for $61.3 million.
The vessel's time charter will be for a minimum of 5 years and a maximum of 8 years, at $26,000 per day, the company said.
"We have fixed the vessel for a minimum period of 5 years generating approximately $44 million for the charter duration," Chief Executive Anthony Kandylidis said in a statement.
The vessel is scheduled for delivery before Nov. 30. OceanFreight shares rose as much as 9 cents to $1.34 in trading after the bell.

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