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Diana Shipping agrees continuation of time charter contract with RWE

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, through a separate wholly-owned subsidiary has agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its capesize dry bulk vessels, the m/v G. P. Zafirakis.

The gross charter rate is US$15 000 per day minus a 5% commission paid to third parties, for a period of about 14 months to maximum 17 months. The new charter period will commence on 14 August 2017.

The m/v G. P. Zafirakis is currently chartered, as previously announced, at a gross charter rate of US$6,500 per day, minus a 5% commission paid to third parties.

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

The employment extension of “G. P. Zafirakis” is anticipated to generate approximately US$6.08 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (four newcastlemax, 14 capesize, five post-panamax, five kamsarmax and 23 panamax). As of today, the combined carrying capacity of the company’s fleet is approximately 5.9 million DWT with a weighted average age of 8.01 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/04082017/diana-shipping-agrees-continuation-of-time-charter-contract-with-rwe/


 

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