Diana Shipping announces delivery of ultramax vessel

The company also announced that, through the same wholly-owned subsidiary, it entered into a time charter contract with Western Bulk Pte. Ltd. at a gross charter rate of US$14 400 per day, minus a 5% commission paid to third parties, for a period until minimum 25 June 2023, up to maximum 25 August 2023.

In addition, the company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., for one of its panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$14 000 per day, minus a 5% commission paid to third parties, for a period until minimum 20 August 2023 to maximum 10 October 2023.

The “Ismene” is a 77 901 dwt panamax dry bulk vessel built in 2013. The employments of “DSI Altair” and “Ismene” are anticipated to generate approximately US$5.77 million of gross revenue for the minimum scheduled period of the time charters.

Including the newly delivered m/v DSI Altair, Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels (4 newcastlemax, 11 capesize, 5 post-panamax, 6 kamsarmax, 8 panamax and 8 ultramax). The company also expects to take delivery of one ultramax dry bulk vessel in 4Q22. As of today, the combined carrying capacity of our fleet, excluding the one ultramax dry bulk vessel not yet delivered, is approximately 4.9 million dwt with a weighted average age of 10.20 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/04012023/diana-shipping-announces-delivery-of-ultramax-vessel/