Diana announces time charter contract
(Posted on 31/05/18)
Diana Shipping Inc., a global shipping company specialising 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 Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$17,350 per day, minus a 5% commission paid to third parties, for a period of about thirteen (13) months to maximum fifteen (15) months. The charter is expected to commence on 24 May, 2018. The m/v P. S. Palios is currently chartered, as previously announced, at a gross charter rate of US$10,550 per day, minus a 5% commission paid to third parties. The “P. S. Palios” is a 179,134 dwt Capesize dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$6.51 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.75 years.
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’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.
Frank Tsao Wen-king, founder of International Maritime Carriers (IMC), has died peacefully with family... Read more
Wallem Group is introducing collaborative inboxes to its agency business line, in a move designed to... Read more
Members of the Clean Shipping Alliance 2020 have welcomed a new addition to the canon of scientific... Read more
Polska Zegluga Morska (Polsteam) has taken delivery of the bulk carrier M/V "Karlino" from the Chinese... Read more
MacGregor, part of Cargotec, has signed a framework purchasing agreement with COSCO Shipping to support... Read more
Leading Classification Society ClassNK is participating in the “Cross-industrial Working Group... Read more
The Singapore Shipping Association (SSA)—the industry voice of Singapore’s maritime community... Read more
The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama... Read more
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax... Read more
Scorpio Bulkers has seen second-quarter profits rise as it reports results for the three months ended... Read more