Diana Shipping sells Panamax dry bulk vessel
Published by Nicholas Woodroof,
Editor
Dry Bulk,
The company, through a separate wholly-owned subsidiary, has also agreed to extend the present time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Oceanis. The gross charter rate is US$10 350/d, minus a 5% commission paid to third parties, for a period until minimum 1 January 2020 up to maximum 31 March 2020. The new charter period is expected to commence on 16 November 2018. The m/v Oceanis is currently chartered, as previously announced, at a gross charter rate of US$7000/d, minus a 5% commission paid to third parties.
The Oceanis is a 75 211 DWT Panamax dry bulk vessel built in 2001.
Additionally, the company, through a separate wholly-owned subsidiary, has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Clio. The gross charter rate is US$10 600/d, minus a 5% commission paid to third parties, for a period of minimum 10 months to maximum 13 months. The charter commenced on 10 November 2018. The m/v Clio was chartered, as previously announced, to Phaethon International Company AG, at a gross charter rate of US$8550/d, minus a 5% commission paid to third parties.
The Clio is a 73 691 DWT Panamax dry bulk vessel built in 2005.
The employment extension of Oceanis as well as the employment of Clio are anticipated to generate approximately US$7.37 million of gross revenue for the minimum scheduled period of the time charters.
Upon completion of the aforementioned sale and the previously announced sale of a Panamax dry bulk vessel, the m/v Triton, Diana Shipping Inc.’s fleet will consist of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the company’s fleet, including the m/v Triton and m/v Alcyon, is approximately 5.8 million DWT with a weighted average age of 9.22 years.
Read the article online at: https://www.drybulkmagazine.com/shipping/13112018/diana-shipping-sells-panamax-dry-bulk-vessel/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Genco Shipping has advanced its fleet renewal strategy
Genco Shipping and Trading Ltd has acquired two high specification capesize vessels and has agreed to sell an older capesize vessel for US$19.5 million.