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Diana Shipping Inc. announces direct continuation of time charter contract

Published by , Editorial Assistant
Dry Bulk,


Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its post-panamax dry bulk vessels, the m/v Amphitrite.

The gross charter rate is US$12 250 per day for the first 30 days of the charter period and US$15 000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum 15 November 2024 up to maximum 15 January 2025. The new charter period is expected to commence on 12 January 2024.

The Amphitrite is a 98 697 DWT post-panamax dry bulk vessel built in 2012.

The employment extension of Amphitrite is anticipated to generate approximately US$4.46 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 40 dry bulk vessels: four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax. The combined carrying capacity of the company’s fleet is approximately 4.5 million DWT with a weighted average age of 10.55 years.


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Read the article online at: https://www.drybulkmagazine.com/shipping/10012024/diana-shipping-inc-announces-direct-continuation-of-time-charter-contract/

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Dry cargo shipping news Dry bulk shipping market Panamax news