Hellenic Carriers Limited
Fleet Deployment Update
Press Release 15 June 2009
M/V HELLENIC SEA TIME CHARTERED
AT US$16,500 PER DAY FOR 4-6 MONTHS
Hellenic Carriers Limited, (“Hellenic” or the “Company”) (AIM: HCL), an international provider of marine
transportation services for dry bulk cargoes, announces today that it has entered into a time charter
agreement with SwissMarine Corporation Ltd for the M/V Hellenic Sea for a period of minimum four to
about six months at a gross rate of US$16,500 per day.
The charter commenced on 11 June, 2009. The earliest expiration date is 11 October 2009.
The M/V Hellenic Sea is a 65,434 dwt Panamax built in 1991 at Jiangnan Shipyard, China.
Following the time charter of the vessel M/V Hellenic Sea, the estimated time charter coverage for the
remaining of 2009 is approximately 76% and 49% for the whole of 2010.
The deployment of the Hellenic managed fleet is as follows:
Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. Currently the fleet consists of six vessels, comprising four Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of 372,761 dwt.
Hellenic Carriers Limited press release