Diana Shipping Inc. announces time charter contract
Published by Lydia Woellwarth,
Editor
Dry Bulk,
Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$16 500/d, minus a 5% commission paid to third parties, for a period until minimum 15 October 2021 up to maximum 15 December 2021. The charter is expected to commence on 7 March 2021.
The m/v Ismene was chartered, as previously announced, to Phaethon International Company AG, at a gross charter rate of US$10 800/d, minus a 5% commission paid to third parties.
The Ismene is a 77 901 DWT Panamax dry bulk vessel built in 2013.
The employment of Ismene is anticipated to generate approximately US$3.60 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Oceanis, Diana Shipping Inc.’s fleet will consist of 37 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 11 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Oceanis, is approximately 4.8 million DWT with a weighted average age of 10.18 years.
Read the article online at: https://www.drybulkmagazine.com/shipping/01032021/diana-shipping-inc-announces-time-charter-contract/
You might also like
Weekly US Rail Traffic for the Week Ending September 7, 2024
According to the Association of American Railroads (AAR), for this week, total US weekly rail traffic was 479 179 carloads and intermodal units, up 7.3% compared with the same week last year.