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M/V Hellenic Sea incident
Press Release 20 July 2010
Hellenic Carriers Limited, (“Hellenic” or the “Company”) (AIM:HCL), an international provider
of marine transportation services for dry bulk cargoes, reports that during the weekend the
laden Panamax Bulk Carrier M/V ‘Hellenic Sea’, whilst navigating through an Amazon river
passage, assisted by local river Pilots, was required to undertake manoeuvres in order to
avoid a potential collision with an oncoming vessel and sustained hull damage after coming
in contact with an unknown underwater object. As a result of this incident there was water
ingress limited to some of the forward compartments of the ship.
The vessel remains in the vicinity of the incident and a specialist salvors’ team has been appointed to assess the extent
and nature of the damage sustained and the necessary repairs.
No injuries, nor pollution to the local environment have been reported.
The Owners of the vessel have Hull and Machinery and Protection and Indemnity insurances
in place.
At the time of the incident the vessel was operating under a time charter at a gross rate of
US $23,300 per day for a period of 11-13 months, which commenced in May 2010.
About Hellenic Carriers Limited
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 372,742 dwt.
Following the delivery of the “Hellenic Breeze” to her new owners and the delivery of the two
Kamsarmax vessels, which are currently on order, the Company will manage through Hellenic
Shipmanagement Corp. a fleet of seven dry bulk carriers comprising two Kamsarmaxes, three
Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of about 467,141
dwt and a weighted average age of 12.5 years (as of 31 March 2013).
Hellenic Carriers Limited press release
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