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The new charters are detailed below:
- The M/V Free Destiny, a 1982-built, 25,240 dwt Handysize vessel, has entered into a contract for a time charter trip of approximately 60-65 days at a daily rate of $8,250.
- The M/V Free Envoy, a 1984-built, 26,318 dwt Handysize vessel, has entered into a contract for a time charter trip of approximately 40-50 days at a daily rate of $17,250 or $17,500. Following its previously announced employment, the vessel completed an 18-day time charter trip at a daily rate of $16,500.
- The M/V Free Goddess, a 1995-built, 22,051 dwt Handysize vessel, has entered into a contract for a time charter trip of approximately 40 days at a daily rate of $12,000.
- The M/V Free Knight, a 1998-built, 24,111 dwt Handysize vessel, has entered into a contract for a time charter trip of approximately 30-35 days at a daily rate of $10,500.
- The M/V Free Impala, a 1997-built, 24,111 dwt Handysize vessel, has entered into a contract for a time charter trip of approximately 70-80 days at a daily rate of $10,700.
- The M/V Free Maverick, a 1998-built, 23,994 dwt Handysize vessel, has entered into a contract for a time charter trip of approximately 25 days at a daily rate of $12,000. The average net charter rates per vessel realized by the Company will depend on actual repositioning time and bunkers consumed between successive chartering employments, as well as potential operational off-hires. The above table is provided for indicative purposes only, and should not to be deemed to reflect actual operating revenues received from employment of vessels.
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