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Diana Shipping enters time charter contract with Delta for m/v DSI Pollux

Published by , Editorial Assistant
Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Delta Corp Shipping Pte. Ltd., for one of its ultramax dry bulk vessels, the m/v DSI Pollux. The gross charter rate is US$17 000 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to maximum sixteen months.
The DSI Pollux is a 60 446 dwt ultramax dry bulk vessel built in 2015. The employment of DSI Pollux is anticipated to generate approximately US$7.14 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 newcastlemax, 11 capesize, 5 post-panamax, 6 kamsarmax, 8 panamax and 2 ultramax). The company also expects to take delivery of 7 ultramax dry bulk vessels in 4Q22. As of today, the combined carrying capacity of our fleet, excluding the 7 ultramax dry bulk vessels not yet delivered, is approximately 4.5 million dwt with a weighted average age of 10.33 years.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/28102022/diana-shipping-enters-time-charter-contract-with-delta-for-mv-dsi-pollux/

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