M/V Magic Phoenix has been fixed on a time charter contract at a gross daily charter rate equal to 102% of the average of the Baltic Panamax Index 4TC routes. The charter is expected to commence on or around 28 October 2021, and will have a minimum duration of 11 months and a maximum duration of 14 months at the charterer’s option.
The company has also announced that the M/V Magic Venus, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of US$38 000. The charter commenced on 16 October 2021, and has a duration of approximately 60 days.
