TIDMHCL

RNS Number : 7150A

Hellenic Carriers Limited

25 March 2013

Hellenic Carriers Limited

Fleet Deployment Update

Press Release 25 March 2013

Fleet Deployment Update

Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces that the vessel M/V Konstantinos D has been fixed for a period of 5-8 months at a daily gross hire rate of US$ 8,900. The charter commenced on 20 March 2013, the earliest expiration date is on 20 August 2013 and the latest on 20 November 2013.

The M/V Konstantinos D is a 50,326 dwt Supramax vessel built in 2000 at Mitsui Engineering and Shipbuilding, Japan.

The deployment of the fleet as on the date of this announcement is as follows:

 
      Vessel           Type       Year            Yard          Carrying    Charter    T/C Earliest      Daily 
                                  Built                          Capacity     Type       Expiration      Charter 
                                                                  (dwt)                   Date (1)        Rate 
                                                                                                           US$ 
                                                                                                         (Gross) 
------------------  ----------  --------  -------------------  ----------  --------  ----------------  --------- 
 M/V Hellenic                              Halla Engineering                             21 April 
  Horizon            Handymax     1995      Korea                44,809       T/C           2013         8,100 
------------------  ----------  --------  -------------------  ----------  --------  ----------------  --------- 
                                           Mitsui 
 M/V Konstantinos                           Engineering,                                 20 August 
  D                  Supramax     2000      Japan                50,326       T/C           2013         8,900 
------------------  ----------  --------  -------------------  ----------  --------  ----------------  --------- 
                                           Tsuneishi 
 M/V Hellenic                               Shipbuilding, 
  Wind                Panamax     1997      Japan                73,981       T/C     5 March 2013(2)    7,350 
------------------  ----------  --------  -------------------  ----------  --------  ----------------  --------- 
 

(1) The earliest charter expiration date represents the first day on which the Charterer may redeliver the

vessel to    the shipowning company. 

(2) The time charter continues until today and the latest expiration date is 5 July 2013.

ENDS

For further information please contact:

Hellenic Carriers Limited

Fotini Karamanlis, Chief Executive Officer

   E-mail: info@hellenic-carriers.com                                   +30 210 455 8900 

Panmure Gordon (UK) Limited

   Andrew Godber                                                              +44 (0) 20 7886 2500 

Charles Leigh-Pemberton

Capital Link

Nicolas Bornozis +1 212 661 7566 (New York)

Ioanna Messini +44 (0) 20 3206 1322 (London)

E-mail: helleniccarriers@capitallink.com

Further Information - Notes to Editors

About Hellenic Carriers Limited

Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of three vessels, comprising one Panamax, one Supramax and one Handymax with an aggregate carrying capacity of 169,116 dwt and a weighted average age of 15.5 years. Two new building vessels currently under construction, both Kamsarmaxes with an aggregate carrying capacity of about 164,000 dwt are scheduled for delivery within 2013.

Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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