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Diana Shipping announces continuation of 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 extended the time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene.

The gross charter rate is US$13 000/d, minus a 5% commission paid to third parties, for a period until minimum 10 January 2024 up to maximum 25 March 2024. The new charter period is expected to commence on 27 December 2022.

The Alcmene is a 93 193 dwt Post-Panamax dry bulk vessel built in 2010.

The employment of Alcmene is anticipated to generate approximately US$4.86 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax, and 7 Ultramax). The company also expects to take delivery of 2 Ultramax dry bulk vessels in 4Q22. As of now, the combined carrying capacity of the company’s fleet, excluding the 2 Ultramax dry bulk vessels not yet delivered, is approximately 4.8 million dwt with a weighted average age of 10.2 years.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/16122022/diana-shipping-announces-continuation-of-time-charter-contract-with-swissmarine/

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