Acquisitions17 Jun 2025, 02:00 pm
Seamec Ltd Acquires Vessel 'CHENNAI VALARCHI' for USD 7.875 Million
AI Summary
Seamec Ltd has acquired the vessel 'CHENNAI VALARCHI' from The India Cements Limited for a cost of USD 7,875,000 (United States Dollar Seven Million Eight Hundred and Seventy-Five Thousand Only). The vessel was subsequently put on bareboat charter with M/s FORESEE SHIPPING IFSC PRIVATE LIMITED for a period of 42 months at a charter hire rate of USD 7,156/ day. The total charter hire for the period of 42 months is about USD 9.15 million.
Key Highlights
- Seamec Ltd acquires vessel 'CHENNAI VALARCHI' from The India Cements Limited
- The acquisition cost is USD 7.875 million
- The vessel is chartered to M/s FORESEE SHIPPING IFSC PRIVATE LIMITED for 42 months
- The charter hire rate is USD 7,156/ day
- The total charter hire for 42 months is about USD 9.15 million