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Diana Shipping Inc. announces time charter contract with Pacbulk

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has recently announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Pacbulk Shipping Pte. Ltd, Singapore, for one of its capesize dry bulk vessels, the m/v Seattle.

The gross charter rate is US$12 300 per day, minus a 5% commission paid to third parties, for a period until minimum 1 October 2021 up to maximum 31 December 2021. The charter commenced on 27 April 2020.

The ‘Seattle’ is a 179 362 DWT capesize dry bulk vessel built in 2011.

This employment is anticipated to generate approximately US$6.32 million of gross revenue for the minimum scheduled period of the time charter.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/05052020/diana-shipping-inc-announces-time-charter-contract-with-pacbulk/

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