GCC Enters Into A Contract With Höegh For 2,000 Ceu Vessels

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  • Norway’s Gram Car Carriers (GCC) has agreed a three-year charter with Höegh Autoliners for the 2,000 ceu vessel Höegh Caribia.
  • The contract starting in January 2023 is for $22,000 per day, adding around $24m of future revenue to GCC’s contract backlog.

Gram Car Carriers agree to a three-year charter extension with Höegh Autoliners, reports Splash247.com

Background

Norway’s Gram Car Carriers (GCC) has conceded a three-year charter with Höegh Autoliners for the 2,000 ceu vessel Höegh Caribia.

The contract will start in January 2023 for $22,000 per day, putting around $24m of future revenue into GCC’s contract backlog.

The 2010-built vessel has been regulated by Höegh Autoliners since delivery, aiding the distribution of cargo from overseas markets to the Caribbean islands and South America.

Details

Georg A. Whist, the CEO of GCC, remarked: “We continue to increase our backlog and future revenue visibility in a strong car shipping market. Open capacity for 2023 is limited, and we have attained a substantial share of our 2024 revenue days at attractive day rates.”

In October, Oslo-listed GCC ensured a five-year charter deal with a new customer for its 6,700 ceu panamax vessel Viking Destiny at around $65,000 per day in direct consequence of its recent contract.

“With the prolongation of the contract of this small and specialised vessel, Höegh Autoliners does not have vessels for renewal before 2025,” said Andreas Enger, CEO of Höegh Autoliners.

Following the Höegh contract, GCC has 14% revenue days open for 2023 and 38% open for 2024.

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Source: Splash247.com

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