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Diana Shipping announces time charter contract with Koch

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has recently announced that, through a 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 Aliki.

The gross charter rate is US$11 300/d, minus a 5% commission paid to third parties, for a period until minimum 1 January 2021 up to maximum 15 March 2021. The charter commenced on 23 April 2020.

The ‘Aliki’ is a 180 235 DWT capesize dry bulk vessel built in 2005.

This employment is anticipated to generate approximately US$2.81 million of gross revenue for the minimum scheduled period of the time charter.

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Dry bulk shipping market Capesize news