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Diana Shipping Inc. secures time charter contract with ASL

Published by , Assistant Editor
Dry Bulk,

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Maera.

The gross charter rate is US$26 000/d, minus a 5% commission paid to third parties, for a period until minimum 1 October 2022 up to maximum 15 December 2022. The charter commenced on 18 September 2021. The m/v Maera was chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$8600/d, minus a 5% commission paid to third parties.

The Maera is a 75 403 DWT Panamax dry bulk vessel built in 2013.

The employment of Maera is anticipated to generate approximately US$9.70 million of gross revenue for the minimum scheduled period of the time charter.

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Dry bulk shipping market Panamax news