VIKING CONSTANZA © Marc Ottini

Gram Car Carriers signs TC contracts for VIKING CONSTANZA, VIKING ODESSA and CITY OF OSLO

Gram Car Carriers announced that the company has signed a 14-month contract with a Leading Asian operator for the distribution vessel VIKING CONSTANZA (2,000 CEU), starting in August 2022. With this fixture, GCC is sold out for 2022 but still have 41% open for 2023 and 70% for 2024.

The agreed contract has a day-rate of USD 17,000 over the charter period, providing a total contract value of approximately USD 7.2 million.

Separately, GCC recently extended the contracts for the VIKING ODESSA (2,000 CEU), and CITY OF OSLO (2,000 CEU) with existing charterers both until the second quarter of 2023. The total value of the contract extensions for the two distribution vessels is USD 9.1 million.

Georg A. Whist, the CEO of GCC, commented: "We are pleased to sign new contracts and extensions for our distribution vessels with leading operators and existing customers at higher day-rates. This reflects strong car shipping market fundamentals across all vessel sizes and supports our long-term earnings visibility and direct shareholder returns through attractive dividends."

Aug 04 2022