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Diana Shipping enters into time charter with C Transport Maritime

Published by , Assistant Editor
Dry Bulk,

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Boston.

The gross charter rate is US$25 500/d, minus a 5% commission paid to third parties, for a period until minimum 15 April 2022 up to maximum 15 June 2022. The charter is expected to commence on 15 June 2021. The m/v Boston is currently chartered to Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, at a gross charter rate of US$15 300/d, minus a 5% commission paid to third parties.

The m/v Boston is a 177 828 DWT Capesize dry bulk vessel built in 2007.

The employment of m/v Boston is anticipated to generate approximately US$7.65 million of gross revenue for the minimum scheduled period of the time charter.

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