Key Developments For OceanFreight Inc.
OceanFreight Inc. (OCNF.O) (Consolidated Issue listed on NASDAQ Global Market)
OceanFreight Inc. Announces New Charter
OceanFreight Inc. announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel will be renamed M/V Montecristo and will commence employment on a time charter for a minimum period of four years at a gross rate of $23,500 per day and a maximum of 8 years at an average gross rate of $24,125 per day for the optional period.
OceanFreight Inc. Announces Acquisition of Modern Capesize Vessel
OceanFreight Inc. announced that it has agreed to acquire a 2005 built 180,263 dwt Capesize bulk carrier for a purchase price of $49.5 million. The vessel is scheduled for delivery in Q2 2010.
OceanFreight Inc. Announces Acquisition Of Capesize Vessel
OceanFreight Inc. announced that it has agreed to acquire a 2006 built 173,949 dwt Capesize bulk carrier for a purchase price of $61.25 million. The vessel is scheduled for delivery before November 30, 2009.
OceanFreight Inc. Announces the Acquisition of Modern Capesize Vessel That Will Commence Three-Year Time Charter
OceanFreight Inc. announced that it has agreed to acquire a 2004 built 173,088 dwt Capesize bulk carrier for a purchase price of $56 million. The vessel is scheduled to be delivered before August 30, 2009. The vessel has been fixed under a 3-year time charter that will commence upon the vessel's delivery at a gross daily rate of $27,500.
OceanFreight Inc. Announces Sale And Acquisition Of Vessels
OceanFreight Inc. announced that it has sold the M/V Lansing, a 1996 built Panamax, 73,040 dwt to a third party for a gross price of $21.95 million. Delivery of the vessel is expected to take place no later than the third quarter of 2009, upon expiration of its present time charter. The Company has also purchased a 2001 built Panamax, 74,716 dwt from a third party for a gross price of $25 million. The vessel currently is on time charter to an unrelated party with a gross rate of $13,150 per day. The time charter expires in the fourth quarter of 2009. The Company will take delivery of the vessel in the third quarter of 2009. The purchase of the vessel is expected to be financed using the existing Nordea revolving facility.
