Switzerland, for its Capesize dry bulk carrier, the m/v Sideris GS, at a gross daily rate of US$30,500 for a period of minimum twenty eight (28) to maximum thirty two (32) months. The charter is a direct continuation of the previous agreement and will commence on October 16, 2010.
This employment is anticipated to generate approximately US$26 million of gross revenue for the minimum scheduled period of the charter.
The m/v Sideris GS is a 174,186 dwt Capesize dry bulk carrier built in 2006.