Skip to main content

Diana Shipping announces two time charter updates

Published by
Dry Bulk,


Through a separate wholly-owned subsidiary, Diana Shipping has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its capesize dry bulk vessels, the m/v Baltimore, for a minimum period of 13 months to about 16 months. The gross charter rate is US$11 300/day, minus a 4.75% commission paid to third parties. The new charter period is expected to commence on 3 February 2017.

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

The global shipping company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Noble Resources International Pte Ltd, Singapore, for one of its panamax dry bulk vessels, the m/v Arethusa. The gross charter rate is US$7200/day, minus a 5% commission paid to third parties, for a period of minimum 10 months to maximum 14 months. The charter commenced on 23 January 2017.

The “Arethusa” is a 73 593 DWT panamax dry bulk vessel built in 2007.

The employment extension of “Baltimore” as well as the employment of “Arethusa” are anticipated to generate approximately US$6.57 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/26012017/diana-shipping-announces-two-time-charter-updates/

You might also like

Kabel Schlepp

WEBINAR - Key criteria to ensure proper selection of a cable drag chain

In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »

 
 
 

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


 

This article has been tagged under the following:

Panamax news Capesize news