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 Hudson Shipping Lines Incorporated for one of its panamax dry bulk vessels, the m/v Thetis.
The gross charter rate is US$10 650/d, minus a 3.75% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The charter is expected to commence tomorrow. The m/v Thetis was chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$8350/d, minus a 5% commission paid to third parties.
The Thetis is a 73 583 DWT panamax dry bulk vessel built in 2004.
This employment is anticipated to generate approximately US$4.47 million of gross revenue for the minimum scheduled period of the time charter.