Car Carriers ASA ("GCC") is pleased to announce that the company has signed a five-year time charter contract with a major global industry player for the panamax vessel Viking Destiny (6,700 CEU).
The contract adds USD 118.6 million of future revenue to the contract backlog. The new time charter will commence in March 2023 in direct continuation to the vessel's current contract.
Georg A. Whist, the CEO of GCC, commented: "We continue to renew contracts for our vessels at dayrates and durations that reflect the strong car shipping market fundamentals in line with our strategy. The new time charter contract is with a major industry player and a new customer for GCC, and it strengthens our long-term earnings visibility and capacity to provide attractive dividends."
With this new contract for Viking Destiny, GCC has 20% and 43% revenue days open for 2023 and 2024, respectively.
