Bermuda, July 14 -- The Company has entered into a new time charter agreement for the Mount Aconcagua for a period of 16 to 18 months. The vessel will commence the new time charter in the 2nd half of July following the planned redelivery under its current charter. The vessel will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index, as well as certain rights to convert the time charter to fixed rate based on the prevailing FFA curve from time to time.
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