Oceanic Carriers signs new time charter agreement

Oceanic Carriers Limited has entered into a time charter agreement with Oldendorff Carriers for the ‘GO Pride' at Athens, Greece.

The agreement is for a minimum period of 35 days at the gross rate of US$44,000 or US$45,000 per day and a ballast bonus of US$375,000 or US$ 400,000 depending on port of discharge. The charter is expected to commence on or about June 26, 2008. The ‘GO Pride' is a handysize bulk carrier built in 1982 with a carrying capacity of 35,055DWT.
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