OceanFreight pens $46 million charter contract

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Global provider of seaborne transportation OceanFreight Inc. (Nasdaq:OCNF) announced ahead of the opening today it inked a time charter deal for Panamax dry bulk carrier, M/V Augusta, at a gross rate of $42,100 day for three years. The contract should amount to $46 million in gross revenues, and the charter is expected to start in January 2009.

In today’s pre-market trading, shares of Greece-based OceanFreight are mostly flat, up just $0.06 at $20. During the past 52 weeks, the stock has ranged from $14.10 to $30.48.

For detailed price information and recent news stories about OceanFreight Inc., click OCNF.