Boston Carriers Inc. (OTC: BSTN) (Boston) announced yesterday that during December 2017, Nikiforos completed a spot voyage contract transporting approximately 44,000 tons in between Middle Eastern ports and further entered a repeat voyage for the same quantities which is expected to be completed within December 2017 as well.

Boston Carriers Inc. Announces Completion of a Spot Voyage Contract and Entering a Further Spot Voyage for the mv Nikiforos
Caption: Bulk carrier Nikiforos - Image courtesy of Ahmet Ünlügil

Upon completion of voyages approximately 375,000 USD of operating revenues will be accumulated which add to approximately 4,1 million usd from the beginning of the year compared to operating revenues of approximately 2,1 million usd for the year ended in December 31 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.”

Source: Boston Carriers