Boston Carriers Inc. (fka BSTN)

[kilch]

NEWS OUT: Boston Carriers Inc. (OTC: BSTN) ("Boston" or the "Company") announces that on March 30, 2017 Nikiforos entered a time charter contract for transporting approximately 37,000 tons of bagged rice from South-East Asia to West Africa which until June 20, 2017 has contributed approximately 578,000 USD in the revenues of the company. Boston announces further that the aforementioned time contract was extended for a period of approximately 48 days and upon successful completion of the extended period will contribute additionally approximately 408,000 USD in revenues of the company thus having a total contribution of approximately 986,000 USD from March 30, 2017 and until approximately the middle of August 2017.

Nikiforos is a 1996-built dry bulk Handymax vessel of 45,693 dwt and was delivered to Boston in February 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."

http://www.prnewswire.com/news-releases/boston-carriers-inc-announces-today-entering-a-time-charter-contract-for-a-spot-voyage-of-the-mv-nikiforos-nikiforos-636506923.html