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Diana Shipping enters time charter contract with Ausca Shipping

Published by , Assistant Editor
Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, yesterday 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 Selina. The gross charter rate is US$11 750/d, minus a 5% commission paid to third parties, for a period of minimum seven months to maximum nine months. The charter commenced on 15 July 2019.

The Selina is a 75 700 DWT panamax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$2.47 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 44 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 16 panamax). With this acquisition, the combined carrying capacity of the company’s fleet is approximately 5.4 million DWT with a weighted average age of 9.28 years. A table describing the current Diana Shipping Inc. fleet can be found on the company’s website, Information contained on the company’s website does not constitute a part of this press release.

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