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Diana Shipping Inc. announces time charter contract with Koch

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, have recently announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd, Singapore, for one of its capesize dry bulk vessels, the m/v G. P. Zafirakis.

The gross charter rate is US$13 200 / d, minus a 5% commission paid to third parties, for a period until minimum 1 October 2021 up to maximum 31 December 2021. The charter commenced on 31 May 2020.

The ‘G. P. Zafirakis’ is a 179 492 DWT capesize dry bulk vessel built in 2014.

This employment is anticipated to generate approximately US$6.34 million of gross revenue for the minimum scheduled period of the time charter.

Read the article online at: https://www.drybulkmagazine.com/shipping/04062020/diana-shipping-inc-announces-time-charter-contract-with-koch/

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Dry bulk shipping market Capesize news