Crnogorska plovidba (CP) concluded a time charter contract for its ship "Kotor" with one charterer from the USA at a price slightly higher than 20.000 dollars per day.
This was confirmed by the "News" from the management of the state maritime company, with a note that the "Kotor" will start sailing as a new shipowner from next Sunday, as soon as it leaves the Jalova shipyard in Turkey, where its overhaul, docking and so-called completion are coming to an end. five-year class renewal. For business reasons, the source of "Vijesti" could not name the new tenant.
"Over the past month, almost all the necessary overhaul work on the ship's hull, engine complex, installations, readings and deck equipment has been completed on the ship, which was also supervised by the inspectors of the Bureau Veritas classification society, which restored the ship to the so-called class, i.e. the extension of the validity of the paper on its technical suitability for navigation for the next five years. In addition, a new system for the treatment of ballast water with UV and infrared rays has been installed on the ship, which is an obligation to be installed on all ships according to international conventions, so we calculate that the complete overhaul will cost us over a million euros", said the interlocutor of "Vijesti" yesterday. ” from the company's management.
In addition to the crew of the ship commanded by the captain of the long voyage Vido Perović, the docking and refit of "Kotor" in Turkey was supervised by the technical director and two members of the company's Board of Directors, who are mechanical and shipbuilding engineers by profession, in order to do everything possible to eliminate various technical and deficiencies caused by the poor sounding of the past on the ship as cheaply and efficiently as possible. year.
The company is the money for the overhaul, that is, the mandatory five-year so-called dry dock and special survey "Kotora" provided from its own funds, as it managed to do with the money for the upcoming payment of regular semi-annual installments to the Chinese Exim bank, for the construction and purchase of "Kotora" and the second ship "21. May" in 2012. That installment will be paid to the Chinese by the end of the month. Due to bad business during the time of the former DPS-SD-BS management in the past period, the company was mostly unable to pay semi-annual installments in the amount of 2,62 million dollars each to repay the Chinese loan, so the state did it on its behalf as a guarantor.
Things have changed for the better since last year, when the current Board of Directors was appointed, which consists of long-distance captains Jovo Lazarevic as president and members Vojislav Ilic, Damir Stojanovic, Željko Dedijer i Nemanja Petrovic. Last year, the company redefined relations with the previous long-term lessee of ships - the company "Sea Pioneer" from London, and by two and a half to three times, increased the rents at which the two ships sailed in "time lease" for that partner. Therefore, last year, CP came out of years of losses and ended the business year with a modest profit, and in January of this year, it itself paid the first installment of 2,62 million dollars for the Chinese loan.
"With the help of an American broker and the support of the management of the famous Bokele private shipping company "Dabinović Shipping" from Monaco, for which that broker usually works, we managed to make a very good arrangement for the ship "Kotor" with a new charterer from the USA. The ship was concluded on a "time lease" for a year with a daily rent slightly higher than 20.000 dollars with the contracted area North Atlantic-Mediterranean for the so-called. "redelivery, i.e. returning the ship to the owner when the lease expires, as well as with the agreed sailing speed of "about 13 knots", which suits us completely considering the condition and technical capabilities of the ship", said the source of "Vijesti", adding that the charterer is more reputable from "Sea Pioneer" for whom "Kotor" sailed for the past ten years.
The overhaul of the ship "21.maj" will also follow.
One-year rent for the so-called A "handy size bulkcarrier" such as "Kotor" for over 20.000 dollars per day can be considered a very good deal because the freight rates on the world market for this type of bulk carrier have been in a slight decline for some time. This causes the fact that some bulkers of 35.000 tons such as "Kotor" are currently already contracted for shorter periods for one trip and at a significantly lower freight rate than the new one contracted by CP.
Ship "21. maj" is rented by "Sea Pioneer" at a price of 18.200 dollars per day. That lease expires at the end of July, and the papers expire in August, so it has to undergo a regular five-year overhaul, docking and inspection by the classification society. In CP, they expect to provide the money for this overhaul from their own sources, which, with the completed overhaul of "Kotor" and the payment of both installments of this year's loan to the Chinese, would mean a very good perspective for the company in the coming period.
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