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Aries Maritime Transport Ltd

Aries Maritime Secures Period Charters for Two Products Tankers

has reached an agreement to commence a period charter for the High Land, a 1992-built products tanker, and the High Rider, a 1991-built products tanker, with IPG for 12 months at a net rate of $18,525 per day per vessel. The period charter for the High Land commenced on September 29, 2008 and the period charter for the High Rider is expected to commence upon completion of the vessel's current voyage charter on or about October 8, 2008.

Jeff Parry, Chief Executive Officer, commented, "We are pleased to secure attractive period charters for both the High Land and the High Rider. By...

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