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Diana Shipping Inc. announces time charter agreement

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 ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Selina.

The gross charter rate is US$26 500/d, minus a 5% commission paid to third parties, for a period until minimum 15 June 2022 up to maximum 15 September 2022. The charter is expected to commence on 1 September 2021. The m/v Selina is currently chartered, as previously announced, to ST Shipping and Transport Pte. Ltd., Singapore, at a gross charter rate of US$11 000/d, minus a 5% commission paid to third parties.

The Selina is a 75 700 DWT Panamax dry bulk vessel built in 2010.

The employment of Selina is anticipated to generate approximately US$7.53 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 10 Panamax). The company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022.

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