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March 31 (Reuters) - Seamec Ltd
* Says has purchased a bulk carrier and renamed same as 'seamec Gallant'
* Says cost of ship is us $ 9.250 million
* Says charter commences from 31st march, 2017
* Says the firm contract value per year would be about us $ 2.007 million, for 3 years about us$ 6.022 million
* Says charter has inbuilt provision for linking charter rate for upward revision as per terms of contract
* Says has entered into a time charter of the said ship with clipper bulk shipping ltd, bahamas for a period of 36-39 months Source text: bit.ly/2nDcejz Further company coverage: