UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
month of June 2009
Commission
File Number: 001-32520
ARIES
MARITIME TRANSPORT LIMITED
(Translation
of registrant's name into English)
18
Zerva Nap. Str.
166
75 Glyfada
Athens,
Greece
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
[x] Form 40-F
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): [ ].
Note
: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): [ ].
Note
: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant's
"home country"), or under the rules of the home country exchange on which the
registrant's securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrant's security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on
EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
as Exhibit 1 to this report on Form 6-K is a press release dated June 29, 2009
of Aries Maritime Transport Limited (the “Company”) announcing that it has
completed the sale of the Ocean Hope, a 1989-built container vessel, to an
unrelated third party for a net price of $2.3 million.
Exhibit
1
Company
Contact:
Ioannis
Makris
Chief
Financial Officer
Aries
Maritime Transport Limited
(011) 30
210 8983787
Aries
Maritime Completes Sale of Container Vessel
ATHENS,
GREECE, June 29, 2009 – Aries Maritime Transport Limited (NASDAQ: RAMS) today
announced it has completed the sale of the Ocean Hope, a 1989-built container
vessel, to an unrelated third party for a net price of $2.3 million. Proceeds
from the sale of the Ocean Hope, which was delivered on June 29, 2009, will be
used to pay down debt under the Company’s fully revolving credit
facility.
Jeff
Parry, Chief Executive Officer, said, “We are pleased to complete the sale of
the Ocean Hope, the oldest vessel in our fleet. With this transaction, we have
enhanced Aries’ fleet profile and improved the Company’s financial
position.”
About
Aries Maritime Transport Limited
Aries
Maritime Transport Limited is an international shipping company that owns and
operates products tankers and container vessels. The Company’s products tanker
fleet consists of five MR tankers and four Panamax tankers, all of which are
double-hulled. The Company also owns a fleet of two container vessels, excluding
the Ocean Hope, with a capacity of 2,917 TEU per vessel. Seven of the Company’s
11 vessels are secured on period charters. Charters for two of the Company’s
products tanker vessels currently have profit-sharing components.
"Safe
Harbor" Statement Under the Private Securities Litigation Reform Act of
1995
This
press release includes assumptions, expectations, projections, intentions and
beliefs about future events. These statements are intended as
‘‘forward-looking statements.’’ We caution that assumptions, expectations,
projections, intentions and beliefs about future events may and often do vary
from actual results and the differences can be material. All statements in this
document that are not statements of historical fact are forward-looking
statements. Forward-looking statements include, but are not limited
to, such matters as future operating or financial results; statements about
planned, pending or recent acquisitions, business strategy, future dividend
payments and expected capital spending or operating expenses, including
drydocking and insurance costs; statements about trends in the container vessel
and products tanker shipping markets, including charter rates and factors
affecting supply and demand; our ability to obtain additional financing;
expectations regarding the availability of vessel acquisitions; and anticipated
developments with respect to pending litigation. The forward-looking statements
in this press release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without limitation,
management’s examination of historical operating trends, data contained in our
records and other data available from third parties. Although Aries
Maritime Transport Limited believes that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, Aries Maritime Transport Limited cannot assure you that
it will achieve or accomplish these expectations, beliefs or projections
described in the forward looking statements contained in this press release.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies and currencies, general market conditions, including
changes in charter rates and vessel values, failure of a seller to deliver one
or more vessels, failure of a buyer to accept delivery of a vessel, inability to
procure acquisition financing, default by one or more charterers of our ships,
changes in demand for oil and oil products, the effect of changes in OPEC’s
petroleum production levels, worldwide oil consumption and storage, changes in
demand that may affect attitudes of time charterers, scheduled and unscheduled
drydocking, changes in Aries Maritime Transport Limited’s voyage and operating
expenses, including bunker prices, dry-docking and insurance costs, changes in
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, domestic and
international political conditions, potential disruption of shipping routes due
to accidents, international hostilities and political events or acts by
terrorists and other factors discussed in Aries Maritime Transport Limited’s
filings with the U.S. Securities and Exchange Commission from time to time. When
used in this document, the words ‘‘anticipate,’’ ‘‘estimate,’’ ‘‘project,’’
‘‘forecast,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘may,’’ ‘‘should,’’ and ‘‘expect’’
reflect forward-looking statements.
###
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
ARIES
MARITIME TRANSPORT LIMITED
(registrant)
Dated:
June 30, 2009
By:
/s/
Jeffrey Owen
Parry
Name: Jeffrey
Owen Parry
Title: Chief
Executive Officer
SK 23248 0002
1009596
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