Genco announces time charters
Genco Shipping & Trading Ltd. said it had reached an agreement in principle to enter into a time charter for the Genco Acheron, a 1999-built Panamax vessel, with STX Panocean Co. Ltd. The time charter would be for 11 to 13 months at a rate of $30,000 per day, less a 5 percent third-party brokerage commission.
The company also said it has reached an agreement in principle to commence a time charter for the 'Genco Leader,' a 1999-built Panamax vessel, with AS Klaveness Chartering for 23 to 25 months at a net rate of $25,650 per day, equivalent to a gross rate of about $27,000.