Oldendorff Carriers has agreed a short-term charter with Greek owner Castor Maritime for its sole vessel — a panamax bulker.
The German behemoth has fixed the 76,455-dwt Magic P (built 2004) for between five and eight months, it has been confirmed.
The gross charter rate is $11,250 per day with the first 30-day period fixed at a gross rate of $9,000 per day, Castor Maritime said.
The charter, which began on 12 March 2019, is expected to generate about $1.6m of gross revenue for the minimum scheduled period of the time charter.
However, Castor said the charter could eventually earn it around $2.6m should employment be extended to its maximum period.
