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.
Latest News
CORE POWER welcomes agreement to accelerate investment in maritime decarbonisation
(Posted on 16/09/25)The U.S. and the UK have announced a bilateral collaboration to accelerate reactor licensing from three... Read more
Cobelfret accelerates digital transformation with integrated maritime platform
(Posted on 14/09/25)Cobelfret, a leading global dry bulk shipowner and operator based in Singapore, has partnered with Smart... Read more
Support grows for India’s new maritime CCTV rules
(Posted on 14/09/25)Zelim is calling on international regulators and flag states to follow India’s lead on enhancing... Read more
Ionic extends Orca AI to bulker fleet to boost safety
(Posted on 09/09/25)Athens-based Ionic controls a fleet of eight crude tankers and 11 bulkers under its respective wet and... Read more
Columbia and Pan Marine launch Egyptian JV
(Posted on 09/09/25)Columbia Group, a global leader in integrated maritime services, has announced the establishment of... Read more
Indonesian ship operator selects Veson as partner for digitalisation Journey
(Posted on 01/09/25)Veson Nautical, a global leader in maritime data and freight management solutions, and Andhika Lines... Read more
VIKAND : Digitalisation presents emerging psychological pressures for seafarers
(Posted on 01/09/25)As the digital transformation accelerates across the maritime industry, global maritime healthcare leader... Read more
Wellness at Sea training re-shaping wellbeing for India’s Gen Z seafarers
(Posted on 01/09/25)More than 2,000 Indian maritime cadets, ratings and trainees have benefited from a pioneering partnership... Read more
Cautious optimism for Western Bulk after challenging first half of 2025
(Posted on 25/08/25)For the first half of 2025, Western Bulk Chartering AS (Western Bulk, WEST) generated a positive Net... Read more
NORDEN sells additional vessel and adds Panamax to strengthen global freight service
(Posted on 25/08/25)NORDEN has announce that we have declared an additional Supramax purchase option and subsequently sold... Read more
