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Diana Shipping announces time charter contract with Ausca

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has recently 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 Maera.

The gross charter rate is US$8600/d, minus a 5% commission paid to third parties, for a period until minimum 1 July 2021 up to maximum 30 September 2021. The charter commenced on 11 June 2020.

The ‘Maera’ is a 75 403 DWT Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$3.27 million of gross revenue for the minimum scheduled period of the time charter.

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Dry bulk shipping market Panamax news