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 Koch Shipping Pte. Ltd, Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore. The gross charter rate is US$13 000/d, minus a 5% commission paid to third parties, for a period until minimum 20 July 2021 up to maximum 5 October 2021. The new charter period is expected to commence on 20 December 2020.
The Baltimore is a 177 243 DWT Capesize dry bulk vessel built in 2005.
This employment is anticipated to generate approximately US$2.73 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sales of one Panamax dry bulk vessel, the m/v Coronis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis and the m/v Sideris GS is approximately 5.0 million DWT with a weighted average age of 10.20 years.
Read the article online at: https://www.drybulkmagazine.com/shipping/18122020/diana-shipping-continues-contract-with-koch-shipping/
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