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Diana Shipping enters time charter contract for m/v Baltimore with Koch

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, on 22 May 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$15 000 per day, minus a 5% commission paid to third parties, for a period of about 19 months to about 22 months. The charter commenced on 19 May 2019.

The Baltimore is a 177 243 DWT capesize dry bulk vessel built in 2005.

This employment is anticipated to generate approximately US$8.33 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sale of one panamax dry bulk vessel, the m/v Erato, Diana Shipping Inc.’s fleet will consist of 45 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 17 panamax). As of 22 May, the combined carrying capacity of the company’s fleet, including the m/v Erato, is approximately 5.5 million DWT with a weighted average age of 9.28 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/24052019/diana-shipping-enters-time-charter-contract-for-mv-baltimore-with-koch/

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