KIRIACOULIS MCS S.A has completed its first charter of its dry bulk vessel, recently added to the company’s fleet through a bareboat charter agreement, as initially disclosed on July 23, 2025.
The FEDERICA, a 37,000 DWT vessel built in 2012 at Hyundai shipyards, commenced its charter on September 5, 2025, under a minimum 50-day contract. The daily rate amounts to USD 14,000, a level considered particularly attractive in today’s market.
For the scheduled charter period, the company estimates that the vessel will generate gross revenues of more than USD 700,000 for KYRIAKOULIS.
Commenting on the agreement, Mr. Rigas Tzortzis, Chairman of the Board of Directors of KYRIAKOULIS, stated: “We are particularly pleased with this agreement, which reaffirms the effectiveness of our strategic choices. Our focus remains on driving growth in a dynamically evolving environment and further strengthening KYRIAKOULIS’s position in the maritime sector.”
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