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Diana Shipping enters time charter contract with Uniper

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Dry Bulk,


Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its post-panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$12 700/day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter commenced on 13 January 2018. The m/v Phaidra was previously chartered to Jera Trading Singapore Pte. Ltd. at a gross charter rate of US$7750/day, minus a 5% commission paid to third parties, for the agreed period of the time charter.

The “Phaidra” is a 87 146 DWT post-panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.57 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (four newcastlemax, 14 capesize, five post-panamax, five kamsarmax and 22 panamax). As of today, the combined carrying capacity of the company’s fleet is approximately 5.8 million DWT with a weighted average age of 8.40 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/16012018/diana-shipping-enters-time-charter-contract-with-uniper/

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Dry cargo shipping news Panamax news