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Diana Shipping enters into time charter contract for post-panamax dry bulk vessel

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, announced on 8 April that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its post-panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$10 800/day, minus a 5% commission paid to third parties, for a period of about 14 months to about 16 months. The new charter period is expected to commence on 11 April 2019.

The Phaidra is a 87 146 DWT post-panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.37 million of gross revenue for the minimum scheduled period of the time charter.

Read the article online at: https://www.drybulkmagazine.com/shipping/09042019/diana-shipping-enters-into-time-charter-cotract-for-post-panamax-dry-bulk-vessel/

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Dry cargo shipping news Dry bulk shipping market