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Diana Shipping announces charter contracts with Smart Gain and Aquavita

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Dry Bulk,


Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Smart Gain Shipping Co., Ltd, for one of its Capesize dry bulk vessels, the m/v Santa Barbara.

The gross charter rate is US$21 250/d, minus a 5% commission paid to third parties, for a period until minimum 10 October 2024 up to maximum 10 December 2024.

The Santa Barbara is a 179 426 dwt Capesize dry bulk vessel built in 2015.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$12 250/d, minus a 4.75% commission paid to third parties, for a period until minimum 1 September 2024 up to maximum 15 November 2024.

The Phaidra is a 87 146 dwt Post-Panamax dry bulk vessel built in 2013.

The employments of Santa Barbara and Phaidra are anticipated to generate approximately US$16.71 million of gross revenue for the minimum scheduled period of the time charters.

Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax). The combined carrying capacity of the fleet, is approximately 4.7 million dwt, with a weighted average age of 10.05 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/11052023/diana-shipping-announces-charter-contracts-with-smart-gain-and-aquavita/

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