Diana, Cargill Enter Time Charter Agreement

MarineLink.com
Friday, June 28, 2013

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that it has entered a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Calipso. The gross charter rate is $8,100 per day, minus a 4.75% commission paid to third parties, for a period of minimum 21 months to maximum 25 months.

The charter is expected to commence by the end of July 2013, immediately after the redelivery of the vessel from the previous charterers to the owners. The previous charterers (Louis Dreyfus Commodities Suisse S.A., Geneva) have the option to redeliver the vessel at the earliest on August 11, 2013. However, they have agreed to compensate the owners for an earlier redelivery of the vessel by paying the difference between the new rate and the previous rate for the period from the earlier redelivery date to August 11, 2013.

The Calipso is a 73,691 dwt Panamax dry bulk vessel built in 2005.

This employment is anticipated to generate approximately $5.1 million of gross revenue for the minimum scheduled period of the charter.
 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Wärtsilä Scrubbers for Finnlines Vessels

Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three of its vessels with exhaust cleaning scrubber systems.

Bollore Bags Contract for Kribi Container Port

France's Bollore-led consortium has been awarded the contract to develop and operate a container terminal in Cameroon's deep-water port of Kribi, says a report in Reuters.

Bulk Carrier Trends

MES Delivers Bulk Carrier STH Athens

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. STH Athens (MES Hull No. 1898) at its Chiba Works on August 27,

Break Bulk in Rotterdam on the Way Up

The opening of a new break bulk terminal is one of the many developments and investments in the break bulk sector in the port of Rotterdam; a sector that has

Collaboration Helps Save 2 from Sinking Yacht

The U.S. Coast Guard, the Alpena Sheriff's Department and several good Samaritans are assisting two men aboard a 42-foot sailboat that began taking on water early

Vessels

North Korean Black-listed Ships in Russia

North Korean vessels owned by Ocean Maritime Management (OMM) have been seen using Russian ports, says the NK News vessel tracker.   OMM was sanctioned for its

Sailboat Catches Fire off Honolulu

A sailboat with five people aboard caught fire off Honolulu, Thursday, promting responsefrom the U.S. Coast Guard who sent a 45-foot Response Boat-Medium crew from

Damen's Ship with Van der Velden FLEX Tunnel Commissioned

The first ship outfitted with the Van der Velden FLEX Tunnel was named Friday, August 14th in Duisburg. The Rhenus Duisburg, the new barge combination from shipping company Rhenus PartnerShip,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 1.9431 sec (1 req/sec)