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MOL and Diana Shipping agree time charter

Published by , Editor
Dry Bulk,

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd, for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$25 000/d, minus a 5% commission paid to third parties, for a time charter period until minimum 1 November 2021 up to maximum 15 December 2021. The charter is expected to commence today. The m/v Astarte is currently chartered, as previously announced, to Aquavita International S.A., at a gross charter rate of US$11 750/d, minus a 5% commission paid to third parties.

The Astarte is a 81 513 DWT Kamsarmax dry bulk vessel built in 2013.

The employment of Astarte is anticipated to generate approximately US$4.03 million of gross revenue for the minimum scheduled period of the time charter.

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