• Fri
  • Nov 28, 2014
  • Updated: 4:50am

Charter contracts revised

PUBLISHED : Monday, 29 January, 1996, 12:00am
UPDATED : Monday, 29 January, 1996, 12:00am

GREAT China Holdings has announced that it has revised the annual ship-charter hire for the two vessels made to a subsidiary of its holding company.


The revised charters by two indirect subsidiaries for chartering a ship each to Great China's holding company will be US$687,652 and $714,357 from next month.


The previous hire charge was $525,000 for each vessel and the deals started in January and February last year.


The company said the reason for the revision was because it had to spend $800,000 to upgrade the chartered vessels at the request of the hirer.


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