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Diana Shipping announces time charter contract for m/v Houston with Koch

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Dry Bulk,


Diana Shipping Inc. has, through a separate wholly-owned subsidiary, entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its capesize dry bulk vessels, the m/v Houston.

The gross charter rate is US$10 125 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 17 months. The charter commenced on 17 February 2019.

The Houston is a 177 729 DWT capesize dry bulk vessel built in 2009.

This employment is anticipated to generate approximately US$4.25 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of two panamax dry bulk vessels, m/v Danae and m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 18 panamax). As of today, the combined carrying capacity of the company’s fleet, including the m/v Danae and m/v Dione, is approximately 5.7 million DWT with a weighted average age of 9.28 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/27022019/diana-shipping-announces-time-charter-contract-for-mv-houston-with-koch/

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