Diana Containerships buys 4,750-TEU APL Garnet for US$30 million from NOL
A DIANA Containerships unit has signed a memorandum of agreement with Neptune Orient Lines for the self-financed purchase of a 1995-built 4,750-TEU panamax APL Garnet for US$30 million.
The vessel is expected to be delivered in November. It will then be chartered to NOL Liner (Pte) Ltd (or a guaranteed nominee or other entity of the NOL Group, subject to the company's approval), for 34 months at a rate of $27,000 per day with 30 days more or less at the charterer's option.
The time-charter party is to commence simultaneously upon delivery of the vessel to the company, and is expected to generate $26.7 million in revenue for the minimum agreed period of the charter, said Globe Newswire.
The company's fleet consists of nine panamax container vessels, excluding the ship that has not yet been delivered.
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