The Erato is a 74 444 DWT panamax dry bulk vessel built in 2004.
The company also, through a separate wholly-owned subsidiary, entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its ice-class panamax dry bulk vessels: the m/v Atalandi. The gross charter rate is US$5300/day, minus a 5% commission paid to third parties, for a period of minimum twenty months to maximum twenty-five months. The charter also commenced on 26 March 2016.
The Atalandi is a 77 529 DWT ice-class panamax dry bulk vessel built in 2014.
The employments of Erato and Atalandi are peojected to generate approximately US$4.6 million of gross revenue for the minimum scheduled period of the time charters.
