Working Conditions Aboard the Nea-Elpis

Norden, a prominent player in the shipping industry, has recently finalized a new time charter. The vessel is set for delivery in the EC South America region, with scheduled dates from October 16 to October 20, 2019. The charter agreement stipulates a daily rate of $16,850 along with a one-time payment of $685,000 for redelivery expected in Southeast Asia. This strategic move enhances Norden's operational capacity in key maritime markets.

GRM Shipping has secured a deal for the sale of their Kamsarmax vessel, the 'GRM Princess', which was built in 2011 at the Tsuneishi shipyard in Zhoushan, China. The ship has undergone dry docking in December 2019, and the selling price is anticipated to exceed $17 million. This strategic move highlights GRM Shipping's ongoing efforts to optimize their fleet and adapt to market demands.

Louis Dreyfus has successfully finalized a new charter agreement, delivering the vessel to the Haldia spot, with redelivery options available worldwide. The charter rate is set at an impressive $9,500 per day, marking a significant milestone for the company.