By host on 09/07/2008 08:11
The Achilleas is a single-decker bulk carrier. By a time charter dated January 2003, the owners let her to the charterers for five to seven months at a daily hire rate of US$13,500 and then again in September 2003 for a further five to seven months at a daily rate of US$16,750. The latest date for redelivery was 2 May 2004. By April 2004, market rates had more than doubled compared with the previous September. On 20 April 2004 the charterers gave notice of redelivery between 30 April and 2 May ...
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