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Diana Shipping takes new delivery and announces new time charter contracts

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Dry Bulk,


Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, through a separate wholly-owned subsidiary, has taken delivery of the m/v Phaidra (formerly “Soya May”), a 2013 built post-panamax dry bulk vessel of 87 146 DWT that the Company entered into an agreement to purchase in April 2017.

The company also, through a separate wholly-owned subsidiary, entered into a time charter contract with Koch Shipping Pte. Ltd, Singapore for one of its capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$14 150 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 16 months. The charter is expected to commence on 20 May 2017.

The “Semirio” is a 174 261 DWT capesize dry bulk vessel built in 2007.

Additionally, Diana Shipping, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Narina Maritime Ltd, for one of its panamax dry bulk vessels, the m/v Coronis, for a period of minimum 11 months to maximum 14 months. The gross charter rate is US$9000 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on 17 May 2017.

The “Coronis” is a 74 381 DWT panamax dry bulk vessel built in 2006.

The employment of “Semirio” as well as the employment extension of “Coronis” are anticipated to generate approximately US$8.06 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/15052017/diana-shipping-takes-new-delivery-and-announces-new-time-charter-contracts/

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Panamax news Capesize news