Rickmers Maritime trust says it has chartered out M.V. Kaethe C. Rickmers, a 5,060 TEU containership, on a 12-month fixed-rate time-charter to Chilean carrier, Compañía Sudamericana de Vapores (CSAV). The charter is expected to start before the end of March, immediately after the vessel’s first scheduled dry-docking.

Kaethe C. Rickmers will be chartered out on a fixed daily net charter hire of US$8,288 ($11,621) for the first year, with CSAV having an option to extend for another 12 months at a fixed net charter hire of US$23,888 per day.

Kaethe C. Rickmers was re-delivered to the trust on Feb 1 in the Mediterranean region upon completion of a five-year time-charter with A.P. Møller-Mærsk A/S. The vessel was subsequently chartered out on a single voyage charter in order to reposition it to Asia for its first dry-docking at Shekou, China. Kaethe C. Rickmers will start its charter to CSAV immediately upon completion of its dry-docking.