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Diana Shipping signs time charter contract with SwissMarine

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Dry Bulk,

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York.

The gross charter rate is US$16 000/d, minus a 5% commission paid to third parties, for a period until minimum 1 October 2024 up to maximum 7 December 2024. The charter is expected to commence on 11 June 2023.

The New York’ is a 177 773 dwt Capesize dry bulk vessel built in 2010.

The employment of ‘New York’ is anticipated to generate approximately US$7.54 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax). The combined carrying capacity of the company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.13 years.

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Dry cargo shipping news Capesize news