Norway, April 17 -- The Company has entered into a new time charter agreement for the Mount Emai for a period of 12 to 14 months. The vessel will commence the new time charter in the first half of May following 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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