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Diana Shipping announces Panamax sale and Capesize time charter contract

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Dry Bulk,

Diana Shipping Inc. has announced that it has recently finalised two important agreements.

Through a separate wholly-owned subsidiary, the company has signed a Memorandum of Agreement (MoA) to sell to an unaffiliated third party, the 2001-built vessel m/v Oceanis, with delivery to the buyer by latest 16 April 2021, for a sale price of US$5.75 million before commissions.

The company has also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with EGPN Bulk Carrier Co., Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v New York. The New York is a 177 773 dwt Capesize dry bulk vessel built in 2010. The gross charter rate for the vessel has been set at US$14 000/d, minus a 5% commission paid to third parties. The charter period will last until 16 April 2022 at minimum, and until 30 June 2022 at maximum. The charter is expected to commence on 27 December 2020.

This employment is anticipated to generate approximately US$6.57 million of gross revenue for the minimum scheduled period of the time charter.

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Dry cargo shipping news Panamax news Capesize news