ATHENS, Greece, July 25, 2017 /PRNewswire/ --
Boston Carriers Inc. (OTC: BSTN) ("Boston" or the "Company") announces that on
March 30, 2017 Nikiforos entered a
time charter contract for transporting approximately 37,000 tons of
bagged rice from South-East Asia
to West Africa which until
June 20, 2017 has contributed
approximately 578,000 USD in the
revenues of the company. Boston
announces further that the aforementioned time contract was
extended for a period of approximately 48 days and upon successful
completion of the extended period will contribute additionally
approximately 408,000 USD in revenues
of the company thus having a total contribution of approximately
986,000 USD from March 30, 2017 and until approximately the middle
of August 2017.
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Nikiforos is a 1996-built dry bulk Handymax vessel of 45,693 dwt
and was delivered to Boston in
February 2016.
Mr. Antonios Bertsos, Chairman and Chief Executive Officer,
stated, "Boston's short term
employment strategy allows the Company to capture any potential
upside that arise in the dry bulk market."
Mr. Antonios Bertsos, added, "We
believe in the dry bulk sector and will attempt to continue to grow
our fleet with additional dry bulk Handysize-Handymax
vessels."
About Boston Carriers
Inc.
Boston Carriers Inc. is an international shipping company
providing ideal solutions for seaborne transportation of dry bulk
commodities through owned vessels. Boston is
a Securities and Exchange Commission ("SEC") reporting
Foreign Private Issuer in compliance with
applicable SEC rules and regulations and current in
its SEC reporting, utilizing U.S. Read
more about Boston Carriers
Inc. - http://www.bostoncarriers.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Boston may also make written or oral
forward-looking statements in its filings with the U.S. Securities
and Exchange Commission ("SEC"), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Boston's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks will be included in our
annual report on Form 20-F and other documents filed with the SEC.
All information provided in this press release is as of the date of
this press release, and Boston
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
Investor and Media Relations:
Antonios Bertsos
Boston Carriers Inc.
Telephone: +30-211-182-0274
Email: info@bostoncarriers.com
SOURCE Boston Carriers Inc.