ATHENS: Gunvor subsidiary Clearlake, Singapore has timechartered a kamsarmax owned by Mercator Lines’ Singapore division for a 12- to 16-month period.
The Sri Prem Veena (82,459 dwt, built 2007) was fixed at $7,050 per day. “This hire rate represents a healthy premium of 23% over 4 TC Baltic Panamax spot index rate, which is currently at $5,735 per day,” Mercator Lines (Singapore) said in an exchange filing today.
The shipowner, which is part of India-based Mercator International, expects the timecharter to generate gross revenue of up to $3.4m over the maximum 16-month period of the timecharter.
