Now exactly where this is going to be, and I think we will know in a couple of quarters. So if I had to guess, I think the deal range in terms of duration will be closer, it will be between one to three years and less likely to be five years or more. But again, it’s all a question of numbers and returns, and because this is really a live one in the sense that this is now that we are starting to engage with charters, I think we can have really a better picture within the next couple of months.
Omar Nokta: Okay. Thank you. Yes, so not obviously five years plus, but it looks like one to three years. And do you think that there would be — just based off of and as you mentioned, the market somewhat influx, everyone is looking to assess how things are, do you see risk of idle time in between when the vessel rolls off contract and when it redeploys or is there enough interest for us to kind of deploy fairly quickly?
Gerasimos Kalogiratos: Never say never in shipping, but I think it’s extremely unlikely. No, it doesn’t feel like — that’s what I was trying to convey, it doesn’t feel like this type of market. This is a market where there is interest. It comes in ebbs and flows. You might see the market a little less active one day, but then you see charters coming back and picking up good tonnage. So no, I wouldn’t expect any material idle time in this market. There is interest, but again, as I tried to describe in my prepared remarks, the previous market, given how strong it was and how tight it was, any type of ship would find employment. It was almost indifferent, the speed consumption profile, the reefer capacity or the carbon footprint of the ship.
I think going forward, we will see a lot of differentiation. So ships like the Akadimos that are modern ships with eco characteristics will attract much more interest, while the very old ships that found very good employment in the previous two years, they, I think they will see increasingly more idle time. And if I had to guess, we will see increasingly more of these vessels being scrapped. So sorry, that’s a very long answer, but no fire, no idle time of that sort.
Omar Nokta: Great, thanks Jerry. That’s very helpful. I’ll turn it over.
Gerasimos Kalogiratos: Thank you, Omar.
Operator: Thank you. Our next question is from Liam Burke with B. Riley Securities. Please proceed with your question.
Liam Burke: Thank you. Good morning, Jerry. How are you today?
Gerasimos Kalogiratos: Hi Liam, I’m well. How are you?
Liam Burke: Good, thank you. I guess I have to ask a question about your Cape Agamemnon. I know that rates are kind of off now, but is that a source of cash for you or are you just happy to keep it in the spot market?
Gerasimos Kalogiratos: Well, we have been saying now for some time that this is a noncore asset, and this very much remains there the case. The Cape Agamemnon in the fourth quarter and a TCE of just short of $10,000 per day and had also 10 days of unscheduled off hire due to repairs. So it’s not, by any means, given also the size of our fleet and the type of our ships, any material — doesn’t have a material contribution to the overall Partnership.
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