Diana Shipping announces new time charter contracts

Published by Stephanie Roker, Editor
Dry Bulk, Monday, 17 June 2019 08:40

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Singapore Marine Pte. Ltd., for one of its capesize dry bulk vessels, the m/v New York.

The gross charter rate is US$15 500/day, minus a 5% commission paid to third parties, for a period of minimum 17 months to about 19 months. The charter commenced on 7 June 2019.

The New York is a 177 773 DWT capesize dry bulk vessel built in 2010.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck (Germany), for one of its capesize dry bulk vessels, the m/v Boston. The gross charter rate is US$15 300/day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2021 up to maximum 30 June 2021. The charter commenced on 7 June 2019.

The Boston is a 177 828 DWT capesize dry bulk vessel built in 2007.

The employments of New York and Boston are anticipated to generate approximately US$17.91 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/17062019/diana-shipping-announces-new-time-charter-contracts/

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