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Diana Shipping Inc. enters time charter contracts

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Olam International Limited, Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$26 500/d, minus a 4.75% commission paid to third parties, for a time charter period until minimum 15 February 2022 up to maximum 15 April 2022. The charter is expected to commence on 6 June 2021. The m/v P. S. Palios is currently chartered to C Transport Maritime Ltd., Bermuda, at a gross charter rate of US$12,050/d, minus a 5% commission paid to third parties.

The P. S. Palios is a 179 134 DWT Capesize dry bulk vessel built in 2013.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Viterra Chartering B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$25 000/d, minus a 5% commission paid to third parties, for a period until minimum 1 May 2022 up to 30 June 2022. The charter is expected to commence on 10 June 2021. The m/v Maia is currently chartered, as previously announced, to Aquavita International S.A., at a gross charter rate of US$11 200/d, minus a 5% commission paid to third parties.

The Maia is a 82 193 DWT Kamsarmax dry bulk vessel built in 2009.

The employments of P. S. Palios and Maia are anticipated to generate approximately US$14.62 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/07062021/diana-shipping-inc-enters-time-charter-contracts/

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