Diana Shipping Inc. enters time charter contract with Koch for newcastlemax vessel
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
Global shipping company specialising in the ownership of dry bulk vessels, Diana Shipping Inc., has entered into a time charter contract through a separate wholly-owned subsidiary with Koch Shipping Pte. Ltd., Singapore, for one of its newcastlemax dry bulk vessels, the m/v San Francisco.
According to the company, the gross charter rate is US$24 000/day, minus a 5% commission paid to third parties, for a period of approximately 10 months to approximately 12 months (approximately means +/-10 days). The charter is expected to commence on 13 May 2018. The m/v San Francisco is currently chartered, as previously announced, at a gross charter rate of US$11 750/day, minus a 5% commission paid to third parties.
The San Francisco is a 208 006 DWT Newcastlemax dry bulk vessel built in 2017.
This employment is anticipated to generate approximately US$6.96 million of gross revenue for the minimum scheduled period of the time charter.Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 22 panamax).
With this new addition, the combined carrying capacity of the company’s fleet will be approximately 5.8 million DWT with a weighted average age of 8.71 years.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/14052018/diana-shipping-inc-enters-time-charter-contract-with-koch-for-newcastlemax-vessel/
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