Gram Car Carriers signs six-year time charter for vessel under commercial management

Gram Car Carriers signs six-year time charter for vessel under commercial management

Oslo, 10 March 2022:  Gram Car Carriers ASA ("GCC") pleased to announce that the company, as commercial manager on behalf of the owner Arabian Sea AS, has fixed the vessel Arabian Sea (5,000 CEU) on a six-year charter to a major Asian operator.

Georg A. Whist, the CEO of GCC, commented: "The contract confirms the strong market fundamentals which provides highly attractive returns for the vessel's owners with long-term visibility."

The Arabian Sea is one of four vessels commercially managed by the company. GCC holds 1% ownership interest in the vessel. Total contract value is USD 71.2 million plus scrubber premium.

For further information, please contact:

CEO Georg A. Whist
Telephone: [phone]
E-mail: [e-mail] 

CFO Gunnar S. Koløen
Telephone: [phone]
E-mail: [e-mail]

About Gram Car Carriers:
GCC is the world's third-largest tonnage provider within the Pure Car Truck Carriers (PCTCs) segment with 18 vessels, across the Distribution, Mid-size and Panamax segments. The Company serves as a trusted provider of high-quality vessels and logistics solutions ensuring safe, efficient and punctual shipment of vehicles for a network of clients comprising of major global and regional PCTC operators.

https://news.cision.com/gram-car-carriers-asa/r/gram-car-carriers-signs-six-year-time-charter-for-vessel-under-commercial-management,c3522681

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