Photo credit: OceanPal

Greece-based OceanPal led-by Semiramis-Paliou has sealed a time charter contract deal with Pacbulk Shipping for one of its Capesize dry bulk vessels, the Salt Lake City.

The gross charter rate is US$15,400 per day minus a 5% commission paid to third parties, for a period of minimum sixty days up to maximum July 29, 2023.

The vessel Salt Lake City was previously chartered to Richland Bulk, at a gross charter rate of US$5,100 per day, minus a 5% commission paid to third parties.

The ship is a 171,810 deadweight Capesize dry bulk vessel built in 2005. The employment of “Salt Lake City” is anticipated to generate approximately US$924,000 of gross revenue for the minimum scheduled period of the time charter.

OceanPal’s fleet currently consists of five dry bulk vessels (2 Capesize and 3 Panamax).