Stamatis Tsantanis, the company's Chairman & Chief Executive Officer, commented: "We are pleased to announce a period employment contract for our most recent Capesize acquisition. The strong rate achieved supports our projections for continued improvement in the capesize market and overall dry bulk sector.
"Assuming the full 18 months employment, this time charter is expected to generate approximately US$8.8 million of gross revenue, offering a considerable return on our most recent investment."
