Pharma Investments, Ventures & Law Weekly

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly


We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Aries Maritime Transport Ltd

Aries Maritime Announces Extended Bareboat Charters for Two Products Tankers

renewed the bareboat charters for the Stena Compass, a 2006-built double-hull products tanker, and its sister ship, the Stena Compassion, with Stena Group.

The charters will be for 23 to 25 months at a gross rate of $18,700 per day per vessel, less 2.5% in brokerage commissions. The charters also include a profit-sharing component for Aries equal to 30% of the actual Time Charter Equivalent rate above $26,000 per day per vessel. The charters are scheduled to commence upon expiration of the vessels' current charter.

Aries also announced that the CMA CGM Seine, a...

• View Other Issues of Pharma Investments, Ventures & Law Weekly
  
• View Other NewsRx Publications