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Diana Shipping enters time charter contracts for m/v Amphitrite and m/v Naias

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE (Düsseldorf), for one of its post-panamax dry bulk vessels, the m/v Amphitrite, for a period of minimum 14 - 17 months. The gross charter rate is US$5000/d for the first 5 days of the charter period and US$12 750/d for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on 27 January 2019. The m/v Amphitrite was chartered, as previously announced, to Cargill International S.A. (Geneva), at a gross charter rate of US$11 150/d, minus a 4.75% commission paid to third parties, for the agreed period of the time charter.

The Amphitrite is a 98 697 DWT post-panamax dry bulk vessel built in 2012.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its panamax dry bulk vessels, the m/v Naias. The gross charter rate is US$10 000/d, minus a 5% commission paid to third parties, for a period of 23 - 26 months. The charter commenced on 26 January 2019. The m/v Naias was chartered, as previously announced, at a gross charter rate of US$10 000/d, minus a 5% commission paid to third parties, until 26 January 2019.

 

The “Naias” is a 73 546 DWT panamax dry bulk vessel built in 2006.

The employments of “Amphitrite” and “Naias” are anticipated to generate approximately US$12.22 million of gross revenue for the minimum scheduled period of the time charters.

Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 20 panamax). With this addition, the combined carrying capacity of our fleet is approximately 5.7 million DWT with a weighted average age of 9.21 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/04022019/diana-shipping-enters-time-charter-contracts-for-mv-amphitrite-and-mv-naias/

 

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