Bermuda, Dec. 17 -- The Company has entered into a new time charter agreement for the Mount Elbrus until June 30, 2026, with an evergreen structure thereafter. The vessel will commence the new time charter in the first half of January following the planned redelivery from its current charterer. The vessel will earn a fixed time charter of US$30,000 per day, gross, until June 30, 2026, which thereafter will convert to an index linked rate reflecting a significant premium to the Baltic 5TC index.

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