Boston Carriers Inc. Announces Entering a Spot Voyage for the MV Nikiforos

Boston Carriers Inc. Announces Entering a Spot Voyage for the MV Nikiforos

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ATHENS, GreeceApril 2, 2018 /PRNewswire/ —

Boston Carriers Inc. (OTC: BSTN) (“Boston” or the “Company”) announces that during February 2018, Nikiforos completed the previously announced contract of clinker from a Middle eastern port to east coast India. This voyage produced approximately 726,000 USD of operating revenues. The Company has then entered another spot voyage contract for transporting 35,000 of gypsum in between Middle eastern ports. The second voyage which is concluded today is contributing approximately 340,000 USD of operating revenues. Last the Company entered a contract for transporting 43,000 tons of Gypsum from a middle easter port to east coast India which will contribute approximately 710,000 USDor operating revenues.

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.”

About Boston Carriers Inc.

Boston Carriers Inc. is an international shipping company providing ideal solutions for seaborne transportation of dry bulk commodities through owned vessels. Read more about Boston Carriers Inc. – http://www.bostoncarriers.com.

Safe Harbor Statementss

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Boston may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Boston’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks will be included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Boston does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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