Diana Shipping Inks Two Time Charters
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Nirefs. The gross charter rate is US$8,000 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty-four (24) months. The charter is expected to commence at the end of January 2013. The Nirefs is a 75,311 dwt Panamax dry bulk vessel built in 2001. Additionally…
Paragon Shipping Q2 & Six Month Report
Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes and containers, announced its results for the second quarter and six months ended June 30, 2010. Commenting on the results, Michael Bodouroglou, Chairman and Chief Executive Officer of Paragon Shipping, stated, “We are pleased to announce another set of profitable quarterly results. consistently implemented our business strategy for growth, fleet renewal and diversification. Specifically we entered into contracts to build four Handysize and three Kamsarmax drybulk carriers and acquired a 2009 built Panamax drybulk carrier. We also initiated our fleet diversification into the containership sector with the negotiations for the acquisition of two high specification 2010 built 3…
Paragon Shipping Signs Two-Year Contracts
Paragon Shipping Inc. has entered into new two-year time charter contracts for the Calm Seas and the Coral Seas. Both vessels have been forward fixed on period time charters for 23 to 26 months at a gross daily rate of $15,775 per vessel with Intermare Transport GMBH. Michael Bodouroglou, Chairman and Chief Executive Officer of Paragon Shipping, commented that the contracts are scheduled to commence between December 2009 and April 2010.
