- OceanPal ( NASDAQ: OP ) has taken delivery of the m/v Baltimore and chartered it to Hyundai Glovis for a gross charter rate of $15K/day.
- The 2005 built Capesize dry bulk vessel of 177,243 dwt was chartered for a trip of about thirty-five days. In the event that the trip duration exceeds 40 days, the gross charter rate will be $18K/day, minus a 5% commission paid to third parties, for each additional day. The charter commenced earlier today.
- The employment is estimated to generate approximately $600K of gross revenue for the scheduled period of the time charter.
For further details see:
OceanPal enters time charter contract for m/v Baltimore