Skip to main content

Diana Shipping Inc. announces time charter contracts

Published by , Editor
Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Olam International Limited, Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco, for a period until minimum 15 January 2022 up to maximum 15 March 2022. The gross charter rate is US$17 750/d for the first 105 days of the charter period and US$24 700/d for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced retroactively on 11 February 2021. The m/v San Francisco was chartered, as previously announced, to Koch Shipping Pte. Ltd, Singapore, at a gross charter rate of US$16 000/d, minus a 5% commission paid to third parties.

The San Francisco is a 208 006 DWT Newcastlemax dry bulk vessel built in 2017.

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Aliki. The gross charter rate is US$20 500/d, minus a 5% commission paid to third parties, for a period until minimum 15 January 2022 up to maximum 15 March 2022. The charter is expected to commence on 19 March 2021. The m/v Aliki is currently chartered, as previously announced, to Koch Shipping Pte. Ltd, Singapore, at a gross charter rate of US$11 300/d, minus a 5% commission paid to third parties.

The Aliki is a 180 235 DWT Capesize dry bulk vessel built in 2005.

The employments of San Francisco and Aliki are anticipated to generate approximately US$13.56 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/16032021/diana-shipping-inc-announces-time-charter-contracts/

You might also like

 EnviroTech

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.

Get your early bird tickets NOW »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Capesize news