ATHENS: Oldendorff Carriers has taken two panamax bulk carriers out on six- and seven-month timecharters, which have been fixed at slightly higher rates than the two chartered-in vessels they will replace.
Navios Amitie (75,400 dwt, built 2005), owned by Navios Maritime, was fixed to the German carrier for six months at a rate of $7,500 per day. Separately, Kuang Ming Shipping has fixed its panamax KM Mt Jade (81,500 dwt, built 2008) to Oldendorff for seven months at $8,000 daily.
The rates show progress on the $6,750 daily rate ($4,100 daily for first 50 days) Oldendorff was paying for Safe Bulkers’ panamax Maritsa (76,000 dwt, built 2005), which completed its five-month period charter today. Another panamax, Omicron Nikos (75,800 dwt, built 2003), completed its four-month timecharter to Oldendorff on June 8. The German company paid $5,150 daily for the first leg of the charter and $7,150 thereafter for the vessel, which is owned by Greece’s Omicron Ship Management.
