Time charter expires for the ECO product tanker and extension for the conventional product tanker

The time charter for the ECO product tanker "Pag" has expired after a period of 8 months, out of a maximum of 12, and in accordance with the contractual terms, the vessel was redelivered from the charterer with whom it successfully operated during the specified period.

According to the fleet employment strategy, the Company will secure new employment for the vessel on  the spot market in order to fully utilize the commercial and operational potential of the vessel within current market terms.

Furthermore, the charterer of the conventional product tanker declared the previously agreed option of USD 15,500 per day for 8 months starting mid-March.