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Time charter contracts announced for multiple vessels

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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 Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$17 100/d, minus a 5% commission paid to third parties, for a time charter period until minimum 20 December 2022 up to maximum 5 March 2023. The charter is expected to commence on 24 November 2021.

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

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$22 750/d, minus a 4.75% commission paid to third parties, for a period until minimum 1 November 2022 up to 31 December 2022. The charter is expected to commence on 3 December 2021. The m/v G. P. Zafirakis is currently chartered, as previously announced, to Koch Shipping Pte. Ltd, Singapore, at a gross charter rate of US$13 200/d, minus a 5% commission paid to third parties.

The G. P. Zafirakis is a 179 492 DWT Capesize dry bulk vessel built in 2014.

In addition, the Company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$18 500/d, minus a 4.75% commission paid to third parties, for a time charter period until minimum 15 December 2022 up to maximum 15 February 2023. The m/v Ismene is currently chartered, as previously announced, to Tongli Shipping Pte. Ltd, at a gross charter rate of US$16 500/d, minus a 5% commission paid to third parties.

The Ismene is a 77 901 DWT Panamax dry bulk vessel built in 2013.

The employments of Alcmene, G. P. Zafirakis and Ismene are anticipated to generate approximately US$21.13 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/23112021/time-charter-contracts-announced-for-multiple-vessels/

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Panamax news Capesize news