Gram Car Carriers signs TC contract for Viking Drive adding USD 35.5 million of contract backlog
Oslo, 1 April 2022: Gram Car Carriers ASA (“GCC”) is pleased to announce that the company has signed an extension to its current contract with Seven Seals for the MV Viking Drive (3,500 CEU), until February 2026. The agreed contract has a day rate of USD 30,000 for year 1, USD 28,000 for year 2, USD 25,000 for year 3, and USD 22,000 for the last 8 months, providing a total contract value of approximately USD 35.5 million. On average, the extension represents an increase of more than 120% to the daily time charter rate compared to the current contract. Georg A. Whist, the CEO of GCC,