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Diana Shipping Inc. adds a Newcastlemax vessel to its fleet

Published by , Assistant Editor
Dry Bulk,

Through a separate wholly-owned subsidiary, Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has entered into a time charter contract with SwissMarine Services S.A. for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$19 150/day minus a 5% commission paid to third parties, for a period of 9 - 12 months. According to Diana Shipping, the charter is expected to commence on 17 April 2018.

The Los Angeles was built in 2012 and is a 206 104 DWT Newcastlemax dry bulk vessel.

This new addition to Diana Shipping’s fleet is anticipated to generate approximately US$4.88 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). With this addition, the combined carrying capacity of the company’s fleet is approximately 5.8 million DWT with a weighted average age of 8.61 years.

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