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.
Latest News
AtoB@C Shipping takes delivery of Fleximar
(Posted on 23/12/25)AtoB@C Shipping, a subsidiary of ESL Shipping, has announced the successful delivery of Fleximar, the... Read more
Western Bulk re-enters ship ownership with selected partners
(Posted on 18/12/25)Western Bulk, together with reputable Norwegian partners A/S J. Ludwig Mowinckels Rederi, Premium Maritime... Read more
Pacific Basin announces formation of a Sustainable Energy Solutions team
(Posted on 18/12/25)Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more
Columbia expects significant growth as more owners shift operations to the UAE
(Posted on 09/12/25)Columbia Group anticipates a period of strong expansion as an increasing number of international shipowners... Read more
Norse Ship Management emerges as digital leader among new-generation ship managers
(Posted on 09/12/25)Norse?Ship Management has expanded its use of Smart Ship Hub’s high frequency sensor data and... Read more
Maritime health experts welcome STCW amendments, but urge against checkbox compliance
(Posted on 09/12/25)As the maritime industry gears up to welcome the IMO’s STCW bullying and harassment training amendments... Read more
NORDEN acquires Southern African cargo activities of Taylor Maritime
(Posted on 02/12/25)NORDEN has acquired the cargo activities of Taylor Maritime in Southern Africa (previously operated... Read more
IMO delay could spark fragmentation risks, warns EmissionLink
(Posted on 02/12/25)Philippos Ioulianou, Managing Director of EmissionLink, has warned the IMO’s decision to delay... Read more
VIKAND highlights bullying and harassment as major mental health concern
(Posted on 02/12/25)VIKAND has highlighted the need for cultural change in the maritime sector as reports of bullying, harassment... Read more
DNV and WMMF guide to support shipowners' path to net-zero
(Posted on 24/11/25)The maritime industry is experiencing a period of significant transformation, driven by rapidly evolving... Read more
