USD 53,000/day charter reflects strong PCTC market conditions
Eco Star has successfully completed sea trials and has been delivered to a leading global operator in Roll-on/Roll-off shipping.
The vessel has commenced a one-year charter at a gross rate of USD 53,000 per day, marking the highest one-year time charter rate achieved by EMF across its fleet and investment portfolio to date. The agreement also includes an option to extend the charter for an additional six months, reflecting continued strength in the PCTC market and EMF’s ability to secure attractive employment terms.
Delivery was completed on schedule and in line with project expectations.
A video highlighting the vessel’s construction at CIMC Raffles Shipyard in Yantai, along with key specifications, is also available.
Sources: Bloomberg, Clarksons Research, Envision Energy, International Maritime Organization (IMO) & Reuters