CSAV has declared its option to extend the charter of the 5,060-teu Kaethe C Rickmers (built 2004) for an additional twelve months.

The Chilean liner operator has had the ship on charter from Singapore-listed Rickmers Maritime Trust since March 2010.

The extension is due to take effect on 25 March 2011 at a fixed daily net charter rate of $23,888 per day, against the current net rate of $8,288.

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