Diana Shipping announces new time charter contract
Published by Oliver Kleinschmidt,
Editorial Assistant
Dry Bulk,
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line), for one of its newcastlemax dry bulk vessels, the m/v Philadelphia.
The gross charter rate is US$22 500, minus a 5% commission paid to third parties, for a period until minimum 20 April 2025 up to maximum 20 July 2025. The charter is expected to commence on 5 February 2024.
The Philadelphia is a 206 040 DWT newcastlemax dry bulk vessel built in 2012.
The employment of Philadelphia is anticipated to generate approximately US$9.79 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of m/v Artemis, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels: four newcastlemax, nine capesize, five post-panamax, six kamsarmax, six panamax and nine ultramax. The combined carrying capacity of the company’s fleet including the m/v Artemis, is approximately 4.5 million DWT with a weighted average age of 10.62 years.
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Read the article online at: https://www.drybulkmagazine.com/shipping/02022024/diana-shipping-announces-new-time-charter-contract/
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