According to a statement the vessels will be delivered from Japanese ship yards during 2011-2012. It says: “Long term coverage of about 30 years total duration has been secured for these four vessels.” Including the new contracts Camillo Eitzen 13 newbuildings including owned as well as tonnage controlled though long term charters with purchase options, for delivery during the period 2008 – 2012. The company says that, in total, 78 years of coverage have been secured for its newbuildings including two contracts of affreightment recently entered into which run up to 2013.
Four more bulkers for Eitzen
In addition to six newbuildings ordered in May, Norwegian owner Camillo Eitzen has now signed agreements for long term time charter with purchase option for additional four 58-60,000 dwt supramax bulk carrier newbuildings.