STAR BULK
New time charter and delivers of two SupramaxesFEB, 06.2009
The Greek Star Bulk Carriers Corp., listed on Nasdaq, a global shipping company focusing on the transportation of dry bulk cargoes (Akis Tsirigakis, President and CEO), has entered into a new one-year time charter contract for the “Star Delta”, a 52,434 dwt 2000-built Supramax vessel, at a gross daily rate of USD 11,250. The vessel is expected to be delivered to her new charterer by mid-February 2009.
In addition, the company delivered:
The “Star Gamma”, a 53,098 dwt 2002-built Supramax vessel, to her next charterer. As previously announced, the 3-year contract has a gross daily average rate of USD 38,000.
The “Star Epsilon”, a 52,402 dwt 2001-built Supramax vessel, to her next charterer. As previously announced, the 5-year contract has a gross daily rate of USD 32,400.
The company has entered into its first Contract of Affreightment (COA) with Brazil's Companhia Vale do Rio Doce (VALE). The contract calls for transporting approximately 700,000 tonnes of iron ore between Brazil & China in four capesize vessel shipments with the first such shipment scheduled to commence during the 1st Q of 2009.
Star Bulk committed the “Star Alpha” to the COA contract referenced above to transport iron ore between Brazil & China.
