Arethusa News

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Arethusa.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,150 per day, minus a 5% commission paid to third parties, for a period of minimum twelve months to maximum fifteen months.The charter is expected to commence later today, it said. The “Arethusa” is a 73,593 dwt Panamax dry bulk vessel built in 2007.This employment is anticipated to generate approximately…

Marlink entered an agreement with Overseas Adventure Travel (O.A.T.) to supply its satellite voice and data connectivity services for use on five adventure cruise ships in the O.A.T. fleet.Marlink will provide the O.A.T. Small Ships with a suite of solutions; equipment, bandwidth and operations to reliably meet and exceed guest voice and data requirements; uninterrupted voice and corporate connectivity to facilitate ship management tasks; and flexible connectivity services to…

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Arethusa. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,600 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter is expected to commence on April 25, 2018. The m/v Arethusa is currently chartered, as previously announced, to Noble Resources International Pte. Ltd., Singapore, at a gross charter rate of US$7,200 per day, minus a 5% commission paid to third parties. The “Arethusa” is a 73,593 dwt Panamax dry bulk vessel built in 2007.

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva. The time charter was extended for one of its Capesize dry bulk vessels, the m/v Baltimore, for a period of minimum thirteen (13) months to about sixteen (16) months. The gross charter rate is US$11,300 per day, minus a 4.75% commission paid to third parties. The new charter period is expected to commence on February 3, 2017. The Baltimore is a 177,243 dwt Capesize dry bulk vessel built in 2005.

Diana Shipping Inc. has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the 73,593 dwt m/v Arethusa built in 2007. The gross charter rate is $7,100 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The new charter period is expected to commence on March 5, 2015. This employment extension is anticipated to generate approximately $2.34 million of gross revenue for the minimum scheduled period of the time charter.

Honorary Rear Admiral Sir Donald Gosling KCVO RNR has received the honorary degree of Doctor of Maritime Studies from Southampton Solent University, in recognition of his outstanding contribution to the maritime sector. Sir Donald began his career with the Royal Navy on the naval training ship, TS Arethusa in 1943. He entered full service in 1944 and served in HMS St George and then HMS Leander, leaving the Navy in 1948 to pursue a career as a surveyor where he was the founding member of a highly successful business partnership that took over National Car Parks…

Diana Shipping inc. Diana Shipping Inc. specializing in the ownership and operation of dry bulk vessels, today reported net income of $20.0 million for the first quarter of 2012, compared to net income of $33.1 million reported in the first quarter of 2011. Time charter revenues were $57.6 million for the first quarter of 2012, compared to $69.4 million for the same period of 2011, mainly due to reduced time charter rates. A decrease in time charter revenues was partly offset…

Diana Shipping Inc. (NYSE:DSX) entered into two time charter contracts with EDF Trading Limited, London, for its two Newcastlemax dry bulk carriers, the m/v Los Angeles and the m/v Philadelphia, which are currently under construction. Both charters will be at a gross rate of US$18,000 per day, minus a 5% commission paid to third parties, for a minimum 46 to a maximum 50 month period for the Los Angeles and a minimum 44 to a maximum 50 month period for the Philadelphia. As previously announced, the above mentioned vessels are Newcastlemax dry bulk carriers of approximately 206,000 dwt each that were contracted in April 2010. The charters are expected to commence upon delivery of the Los Angeles and the Philadelphia to the Company from the shipbuilding yard…

Diana Shipping Inc.(NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, announced today that the Company has taken delivery on July 7, 2011 of the m/v "Corona", renamed "Arethusa", a 73,593 dwt Panamax dry bulk carrier built in 2007. International S.A., Geneva for a period of about eleven (11) months to about thirteen (13) months, at a gross charter rate of US$13,250 per day, minus a 5% commission paid to third parties. The charter commenced today. This employment is anticipated to generate approximately US$4.2 million of gross revenue for the minimum scheduled period of the charter. Including the newly-delivered "Arethusa", the Diana Shipping Inc.

Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an unaffiliated third party the MV "Corona", a 2007 built Panamax dry bulk carrier of 73,593 dwt, for a price of US$29.99 million. The vessel, to be renamed "Arethusa", is expected to be delivered to the Company by the sellers by the end of June 2011. Source: Diana Shipping Inc.

Galathea and the Arethusa. sounder, a towed sidescan sonar, dynamic positioning system, etc. system. been contracted to Kongsberg Maritime. which are on the "Galathea" and the "Arethusa". be used for various inshore survey operations. "Anteo".

In 2000 the Italian Navy Hydrographic Service installed two EM 300 multibeam echo sounder systems on their two new survey vessels, the "Galathea" and the "Arethusa". These two vessels have a wide spread of equipment from Kongsberg Maritime including EA 500 single beam echo sounder, a towed sidescan sonar, dynamic positioning system, etc. In the beginning of this year the Italian Navy Hydrographic Service again awarded a very important contract to Kongsberg Maritime for the supply of five multibeam echo sounder systems, four EM 3000 systems and one EM 1002 system. The supply of all sensors, associated with the multibeam has also been contracted to Kongsberg Maritime.