Diana announces Koch time charter contract
(Posted on 19/12/18)
Diana Shipping Inc., a global shipping company specializing 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 Koch Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$12,125 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2020 up to maximum March 31, 2020. The charter is expected to commence on December 12, 2018.
The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013. This employment is anticipated to generate approximately US$4.6 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.7 million dwt with a weighted average age of 9.08 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.
Diana Shipping’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
The Italian ship-owning Group Premuda, controlled by Pillarstone, the industrial and financial platform... Read more
Leading international shipping insurer North P&I Club has launched a new marine risk awareness solution... Read more
The International Maritime Employers’ Council (IMEC) has commissioned Ocean Technologies Group... Read more
ICC International Maritime Bureau (IMB) figures show a rise in piracy and armed robbery on the world... Read more
China Classification Society (CCS) grew its serviced fleet to 34,974 vessels in 2019, marking another... Read more
Leading international catering management and training provider, MCTC has revealed that COVID-19 has... Read more
The International Association of Dry Cargo Shipowners (INTERCARGO) has held its Annual General Meeting... Read more
The BRS Group has a new chairman. As the partnership agreement stipulates, on reaching the age of 65... Read more
Høglund Marine Solutions (Høglund) and Veracity by DNV GL (Veracity) have signed a collaboration... Read more
“As one of the world’s major shipping nations, Germany needs an LNG infrastructure for its... Read more