The Nasdaq-listed operator says the 3,426-teu Sagitta(built 2010) will earn $7,250 per day less a 1.25% commission paid to thirdparties for seven to 11 months.
The new deal is due to commence on 15March and is anticipated to generate approximately $1.5m worth of gross revenuefor the minimum period, according to a statement.
When the Athens-based operator landed anextension from the same charterer in 2011, AP Moller signed up for another twoyears at a rate of around $22,000 per day.
At the time, brokers said a limited supply of ships hadforced anumber of lines to commit to forward positions as prices skyrocketed. Today, observers say the daily levelapplied to the Sagitta is “roughly in line” with the current market average.
