Skip to main content

Diana Shipping enters time charter contract with Koch

Published by
Dry Bulk,


Through a separate wholly-owned subsidiary, Diana Shipping has entered into a time charter contract with Koch Shipping Pte. Ltd, Singapore, for one of its capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$11 700/day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 17 months. The charter is expected to commence on 6 February 2017.

The “Seattle” is a 179 362 DWT capesize dry bulk vessel built in 2011.

This employment is anticipated to generate approximately US$4.91 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (four newcastlemax, 14 capesize, three post-panamax, four kamsarmax and 23 panamax). The combined carrying capacity of the company’s fleet is now approximately 5.7 million DWT with a weighted average age of 7.67 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/31012017/diana-shipping-enters-time-charter-contract-with-koch/

You might also like

Ports ready to roll to save UK from trade traffic

The ports of Liverpool, Heysham and Sheerness (London Medway) have the capability to limit the impact the UK’s expected departure from the EU on 31 October is expected to have on trading, according to their operator, Peel Ports.

 
 

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


 

This article has been tagged under the following:

Capesize news