Diana announces Polymnia time charter
(Posted on 18/10/19)
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 Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about fourteen (14) months. The charter is expected to commence on October 23, 2019.
The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.
This employment is anticipated to generate approximately US$5.22 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 15 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.3 million dwt with a weighted average age of 9.39 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.
Following the sale of 10 ships since 2018, Dampskibsselskabet Norden has entered into a newbuilding... Read more
V.GROUP, the leading global provider of ship management and marine support services, and Ocean Technologies... Read more
Inmarsat, the world leader in global, mobile satellite communications, has published a new report focusing... Read more
The Middle East Navigation Aids Service (MENAS) has recently invested $20,000 in upgrading its Aids... Read more
Despite a universal campaign from all sectors of the shipping industry to classify seafarers as key... Read more
Captain Rajesh Unni, CEO and Founder of Synergy Group, has released a statement to mark this year&rsquo... Read more
Maritime Law specialist Hill Dickinson’s position at the centre of the Hong Kong shipping services... Read more
Shipping should urgently implement a range of short-term efficiency gains to reduce carbon emissions... Read more
KVH Industries, Inc., a global leader of maritime satellite connectivity, has announced that it is expanding... Read more
Global ship management company V.Group has produced a series of discussion papers entitled ‘Life... Read more