

(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.
Algoma Central Corporation, is reporting very strong financial results for 2020, a year in which a global... Read more
North P&I Club has reported continuing growth in its diversified business lines and solid progress... Read more
Britannia P&I will officially launch B Korea P&I Correspondent Co., Ltd. (‘B Korea&rsquo... Read more
To embed action on environmental sustainability and biodiversity, Fleet Management (FLEET) has teamed... Read more
K+S Windsor Salt Ltd. (“Windsor Salt”) and Canada Steamship Lines (“CSL”), a... Read more
The global crew change crisis could lead to a shortage of seafarers if exhausted crew choose to leave... Read more
The Isle of Man Ship Registry has become the first flag state to broadcast a mass direct to crew aboard... Read more
Today, NORDEN celebrates its 150th anniversary, being one of the world’s oldest international... Read more
Digital technologies, including AI, data integration and analytics solutions, are expected to transform... Read more
The Middle East Navigation Aids Service (MENAS) has taken a huge step forward in its effort to ensure... Read more