The Genco Tiberius (built 2007) and Genco Constantine (built 2009) will stay with Cargill until November and December 2015 respectively.
Both have been fixed on spot market-related time charters for 9 to 12.5 months based on 102% of the Baltic Capesize Index (BCI).
In both cases Genco maintains the option to convert either charter to a fixed rate based on Capesize FFA values at 102%.
The
