Gram Car Carriers ASA (GCC) announced that the company has signed a three-year extension of the time charter contract for the distribution vessel Höegh Caribia (2,000 CEU) with the current charterer Höegh Autoliners. The dayrate is USD 22,000 per day and the contract adds approximately USD 24 million of future revenue to the contract backlog. The new rate and extension will commence in January 2023.

With this new contract for Höegh Caribia, GCC has 14% and 38x% revenue days open for 2023 and 2024, respectively.