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NYK Line and Diana Shipping enter contract

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the owner-ship of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$15 500/d, minus a 5% commission paid to third parties, for a period until minimum 25 January 2022 up to maximum 25 March 2022. The charter commenced on 3 December 2020. The m/v New Orleans was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$15 000/d, minus a 4.75% commission paid to third parties.

The New Orleans is a 180 960 DWT Capesize dry bulk vessel built in 2015.

This employment is anticipated to generate approximately US$6.37 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of one Panamax dry bulk vessel, the m/v Coronis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis and the m/v Sideris GS is approximately 5.0 million DWT with a weighted average age of 10.17 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/08122020/nyk-line-and-diana-shipping-enter-contract/

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