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Aries cape fixed
Aries Maritime has pulled a capesize bulker out of the spot market to begin a long term charter.
The 172,972-dwt Australia (built 1993), which joined Aries as part of its takeover by GrandUnion of Greece, has been fixed up on a two year contract.
Aries says the deal is worth $21,750 daily, but the charterer has not been named.
Michail Zolotas, CEO of the Nasdaq-listed shipowner, said in a statement: "Since the closing of the transaction, we have been aggressively reviewing the business for the purpose of improving operations and stabilising revenue. This charter reflects some early progress.”
GrandUnion took control of Aries in October. The Greek shipowner headed by Nick Fistes and Michael Zolotas received nearly 19 million Aries shares in exchange for three capesize bulkers.
Although GrandUnion only owns 34.2% of Aries' outstanding shares, Rocket Marine has given the company the voting rights for its 36.8% shareholding.
Athens-based Aries owns 14 bulkers, products tankers and containerships.
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