Gram Car Carriers AS
Gram Car Carriers AS
07/20/2022 | Press release | Distributed by Public on 07/20/2022 06:02
Gram Car Carriers signs TC contracts for Viking Constanza, Viking Odessa and City of Oslo
Tid20.07.2022, 11:55:22
MeldingsID567279
UtstederIDGCC
MarkedEuronext Growth (Oslo)
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Gram Car Carriers signs TC contracts for Viking Constanza, Viking Odessa and City of Oslo
Oslo, 20 July 2022: Gram Car Carriers ASA ("GCC") is pleased to announce that
the company has signed a 14-month contract with a Leading Asian operator for the
distribution vessel MV Viking Constanza (2,000 CEU), starting in August 2022.
With this fixture, GCC is sold out for 2022 but still have 41% open for 2023
and 70% for 2024.
The agreed contract has a day-rate of USD 17,000 over the charter period,
providing a total contract value of approximately USD 7.2 million.
Separately, GCC recently extended the contracts for the Viking Odessa (2,000
CEU) , and City of Oslo (2,000 CEU) with existing charterers both until the
second quarter of 2023. The total value of the contract extensions for the two
distribution vessels is USD 9.1 million.
Georg A. Whist, the CEO of GCC, commented: "We are pleased to sign new contracts
and extensions for our distribution vessels with leading operators and existing
customers at higher day-rates. This reflects strong car shipping market
fundamentals across all vessel sizes and supports our long-term earnings
visibility and direct shareholder returns through attractive dividends."
For further information, please contact:
CEO Georg A. Whist
Telephone: +47 41 60 16 81
E-mail: [email protected]
CFO Gunnar S. Koløen
Telephone: +65 9176 6661
E-mail: [email protected]
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.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Mas Gram, Head of Projects at Gram Car Carriers, on
20 July 2022 at 13.55 CEST.
the company has signed a 14-month contract with a Leading Asian operator for the
distribution vessel MV Viking Constanza (2,000 CEU), starting in August 2022.
With this fixture, GCC is sold out for 2022 but still have 41% open for 2023
and 70% for 2024.
The agreed contract has a day-rate of USD 17,000 over the charter period,
providing a total contract value of approximately USD 7.2 million.
Separately, GCC recently extended the contracts for the Viking Odessa (2,000
CEU) , and City of Oslo (2,000 CEU) with existing charterers both until the
second quarter of 2023. The total value of the contract extensions for the two
distribution vessels is USD 9.1 million.
Georg A. Whist, the CEO of GCC, commented: "We are pleased to sign new contracts
and extensions for our distribution vessels with leading operators and existing
customers at higher day-rates. This reflects strong car shipping market
fundamentals across all vessel sizes and supports our long-term earnings
visibility and direct shareholder returns through attractive dividends."
For further information, please contact:
CEO Georg A. Whist
Telephone: +47 41 60 16 81
E-mail: [email protected]
CFO Gunnar S. Koløen
Telephone: +65 9176 6661
E-mail: [email protected]
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.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Mas Gram, Head of Projects at Gram Car Carriers, on
20 July 2022 at 13.55 CEST.