Diana Shipping Inc. announces time charter contract for Newcastlemax bulk vessel with Bohai Ocean Shipping
Published by Alfred Hamer,
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 Bohai Ocean Shipping (Singapore) Holding Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Newport News.
The gross charter rate is US$25 000/d, minus a 5.00% commission paid to third parties, for a period until minimum 1 September 2026 up to maximum 31 October 2026. The charter is expected to commence on 14 June 2025. The m/v Newport News is currently chartered, as previously announced, to Nippon Yusen Kabushiki Kaisha, Tokyo, at a gross charter rate of US$20 000/d, minus a 5.00% commission paid to third parties.
The Newport News is a 208 021 dwt Newcastlemax dry bulk vessel built in 2017.
The employment of Newport News is anticipated to generate approximately US$10.95 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 37 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.59 years.
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Read the article online at: https://www.drybulkmagazine.com/shipping/03062025/diana-shipping-inc-announces-time-charter-contract-for-newcastlemax-bulk-vessel-with-bohai-ocean-shipping/