OceanPal Announces Time Charter Contract For m/v Salt Lake City With Five Ocean Corporation; Gross Charter Rate Is $14.5K Per Day With 5% Commission For Third Parties For Period Of 120 To 180 Days
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OceanPal has announced a time charter contract for m/v Salt Lake City with Five Ocean Corporation. The gross charter rate is $14.5K per day with a 5% commission for third parties for a period of 120 to 180 days. The contract is expected to generate approximately $1.52 million in gross revenue for the minimum scheduled period.
September 22, 2023 | 12:27 pm
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OceanPal's new time charter contract with Five Ocean Corporation is expected to generate significant revenue, potentially boosting the company's financial performance.
The new contract is expected to generate significant revenue for OceanPal, which could positively impact its financial performance and potentially its stock price. The gross charter rate of $14.5K per day for a period of 120 to 180 days, even after a 5% commission for third parties, represents a substantial income stream for the company.
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