Skip to main content

Diana Shipping enters time charter contract with Koch Shipping for capesize vessel

Published by , Assistant Editor
Dry Bulk,


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 P. S. Palios. The gross charter rate is US$17 350/d, minus a 5% commission paid to third parties, for a period of about 13 months to maximum 15 months. The charter is expected to commence on 24 May 2018. The m/v P. S. Palios is currently chartered at a gross charter rate of US$10 550/d, minus a 5% commission paid to third parties.

The P. S. Palios, which was built in 2013 is a 179 134 DWT capesize dry bulk vessel.

This employment is anticipated to generate approximately US$6.51 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 22 panamax). With this addition, the combined carrying capacity of the company’s fleet is approximately 5.8 million DWT with a weighted average age of 8.75 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/23052018/diana-shipping-enters-time-charter-contract-with-koch-shipping-for-capesize-vessel/

You might also like

Bahri reports 3Q24 results, net profits up 127%

Bahri said y/y revenue growth was primarily supported by the Chemicals business unit (BU), followed by Dry Bulk and Integrated Logistics, which benefited from increased shipping volumes enabled by the expansion of Bahri’s fleet of owned and chartered vessels, as well as higher shipping rates across most segments.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Capesize news