Gram Car Carriers secures new charter deal in Asia

Norway’s Gram Car Carriers (GCC) has inked a long-term charter deal as commercial manager of the 2010-built Arabian Sea.

The 5,000 CEU vessel, will secure $71.2m plus scrubber premium on a six-year charter to a major Asian operator. The ship is managed on behalf of Arabian Sea AS and is one of four vessels GCC has under management. GCC holds a 1% ownership interest in the vessel. Earlier this year, GCC secured a $30m three-year deal with another Asian operator for the 5,000 ceu Passero.

“The contract confirms the strong market fundamentals which provide highly attractive returns for the vessel’s owners with long-term visibility,” stated Georg A. Whist, CEO of GCC.

Gram Car Carriers is the world’s third-largest tonnage provider within the pure car truck carrier (PCTC) segment with a fleet of 22 ships, of which 18 are owned.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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