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04/19/2017Newscasts

Seanergy ties-up capesize for 18 months

Mr Dale Wainwright
Seanergy chief executive Stamatis Tsantanis said the contract, based on the prevailing spot rate for capesize vessels, could contribute up to $10m in net revenues if it runs the full 22- month period.
“The five T/C route rate associated with the agreement will allow us to benefit from the potential market upside, while our option to convert to a fixed rate provides us with the flexibility to lock into a profitable fixed rate for up to 12 months at any point,” he added. “As the freight market strengthens, we expect to secure additional long term employment agreements for our fleet.”...
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