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Toisa Limited Announces Chevron Charter Agreement on United Ideal

NEW YORK, March 23, 2017 /PRNewswire/ -- Toisa Limited announced today that the Chevron Corporation on March 22nd agreed to ratify its Charter with the Company's United Ideal vessel to cover a 30-day (possibly more) voyage from the Arabian Gulf to South Africa.

The Company is pleased by the continued confidence of its charterers in Toisa's subsidiary Trade and Transport, Inc. as Toisa's operations continue to run normally amid its constructive debt restructuring negotiations with global stakeholders.  As previously announced, Toisa's vessel United Journey, which was released by Citibank, has a Charter and is now back in service and generating income. 


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