In the Belgian operator’s second-quarterearnings report it said the 138,106-cbm Excel (built 2003) lined up a charter witha “rewarding rate” upon expiration of a one-year contract with Morgan Stanley.
The company noted the vessel is going tobe refinanced before the end of August, which will also mark the conclusion ofits current lease structure.
“Both Excel and MOL will remain 50/50shareholders of the Excel,” it continued.
