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Diana Shipping Inc. announces time charter contract

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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 Tongli Shipping Pte. Ltd, for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$21 000/d, minus a 5% commission paid to third parties, for a time charter period until minimum 10 February 2022 up to maximum 10 April 2022. The charter commenced last week.

The Electra is a 87 150 DWT Post-Panamax dry bulk vessel built in 2013.

The employment of Electra is anticipated to generate approximately US$5.92 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 Naias, Diana Shipping Inc.’s fleet will consist of 36 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 10 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Naias, is approximately 4.7 million DWT with a weighted average age of 10.19 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/03052021/diana-shipping-inc-announces-time-charter-contract/

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