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New time charter contracts announced for Diana Shipping

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Dry Bulk,


Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Koch Shipping Pte. Ltd, Singapore, for one of its newcastlemax dry bulk vessels, the m/v Philadelphia.

The gross charter rate is US$15 500 per day, minus a 5% commission paid to third parties, for a period of minimum 10 months to about 13 months. The charter is expected to commence on 14 March 2017.

The “Philadelphia” is a 206 040 DWT newcastlemax dry bulk vessel built in 2012.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its panamax dry bulk vessels, the m/v Calipso. The gross charter rate is US$9000 per day, minus a 5% commission paid to third parties, for a period of about 11 months to maximum 14 months. The charter is expected to commence on 14 March 2017.

The “Calipso” is a 73 691 panamax dry bulk vessel built in 2005.

The employments of “Philadelphia” and “Calipso” are anticipated to generate approximately US$7.49 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/09032017/new-time-charter-contracts-announced-for-diana-shipping/

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