AsiaDry Cargo

Mercator fixes kamsarmax to Clearlake

Photo of Holly Birkett Holly BirkettJune 15, 2015
5 Less than a minute

Athens: Gunvor subsidiary Clearlake (Singapore) has timechartered a kamsarmax owned by Mercator Lines’ Singapore division for a 12- to 16-month period.

The Sri Prem Veena (82,459 dwt, built 2007) was fixed at $7,050 per day.

“This hire rate represents a healthy premium of 23% over 4 TC Baltic Panamax spot index rate, which is currently at $5,735 per day,” Mercator Lines (Singapore) said in an exchange filing today.

The shipowner, which is part of India-based Mercator International, expects the timecharter to generate gross revenue of up to $3.4m over the maximum 16-month period of the timecharter.

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Photo of Holly Birkett Holly BirkettJune 15, 2015
5 Less than a minute
Photo of Holly Birkett

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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