Gram Car Carriers ASA

Regulatory Filings • Mar 10, 2022

Gram Car Carriers signs six-year time charter for vessel under commercial management

Gram Car Carriers signs six-year time charter for vessel under commercial management

Gram Car Carriers signs six-year time charter for vessel under commercial

management

Oslo, 10 March 2022:  Gram Car Carriers ASA ("GCC") pleased to announce that the

company, as commercial manager on behalf of the owner Arabian Sea AS, has fixed

the vessel Arabian Sea (5,000 CEU) on a six-year charter to a major Asian

operator.

Georg A. Whist, the CEO of GCC, commented: "The contract confirms the strong

market fundamentals which provides highly attractive returns for the vessel's

owners with long-term visibility."

The Arabian Sea is one of four vessels commercially managed by the company. GCC

holds 1% ownership interest in the vessel. Total contract value is USD 71.2

million plus scrubber premium.

For further information, please contact:

CEO Georg A. Whist

Telephone: +47 41 60 16 81

E-mail: georg.whist@gramcar.com

CFO Gunnar S. Koløen

Telephone: +65 9176 6661

E-mail: gunnar.koloen@gramcar.com

About Gram Car Carriers:

GCC is the world's third-largest tonnage provider within the Pure Car Truck

Carriers (PCTCs) segment with 18 vessels, across the Distribution, Mid-size and

Panamax segments. The Company serves as a trusted provider of high-quality

vessels and logistics solutions ensuring safe, efficient and punctual shipment

of vehicles for a network of clients comprising of major global and regional

PCTC operators.