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Diana Shipping announces multiple time charter contracts

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Dry Bulk,


Diana Shipping Inc. through a separate wholly-owned subsidiary,has entered into a time charter contract with Cargill International S.A., Geneva, for one of its kamsarmax dry bulk vessels, the m/v Medusa.

The gross charter rate is US$10 000/day, minus a 4.75% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter commenced on 6 July 2017. The m/v Medusa was chartered, as previously announced, to Quadra Commodities S.A., Geneva, at a gross charter rate of US$6300/day, minus a 5% commission paid to third parties.

The “Medusa” is a 82 194 DWT kamsarmax dry bulk vessel built in 2010.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Ltd, Hong Kong, for one of its panamax dry bulk vessels, the m/v Artemis. The gross charter rate is US$9000/day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter commenced on 8 July 2017. The m/v Artemis was chartered, as previously announced, to Bunge S.A., Geneva, at a gross charter rate of US$5350/day, minus a 5% commission paid to third parties.

The “Artemis” is a 76 942 DWT panamax dry bulk vessel built in 2006.

 

In addition, the company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Ltd, Hong Kong, for one of its panamax dry bulk vessels, the m/v Thetis. The gross charter rate is US$8350/day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter is expected to commence on 12 July 2017. The m/v Thetis is currently chartered, as previously announced, to Transgrain Shipping B.V., Rotterdam, at a gross charter rate of US$5150/day, minus a 5% commission paid to third parties.

The “Thetis” is a 73 583 DWT panamax dry bulk vessel built in 2004.

The employments of “Medusa”, “Artemis” and “Thetis” are anticipated to generate approximately US$9.85 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/11072017/diana-shipping-announces-multiple-time-charter-contracts/

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