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Diana Shipping enters into time charter contract

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CJ International Italy Societa Per Azioni for one of its panamax dry bulk vessels, the m/v Coronis, for a period of minimum 12 months to maximum 15 months.

The gross charter rate is US$8300/d for the first 60 days of the charter period and US$11 300/d for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on 11 August 2018.

The m/v Coronis was chartered, as previously announced, to Narina Maritime Ltd, at a gross charter rate of US$9000/d, minus a 5% commission paid to third parties, for the agreed period of the time charter.

The Coronis is a 74 381 dwt panamax dry bulk vessel built in 2006.

This employment is anticipated to generate approximately US$3.89 million of gross revenue for the minimum scheduled period of the time charter.

Read the article online at: https://www.drybulkmagazine.com/shipping/17082018/diana-shipping-enters-into-time-charter-contract/

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This article has been tagged under the following:

Dry cargo shipping news Dry bulk shipping market Panamax news