Diana Charters Capesize to Koch Shipping

Dry bulk shipowner Diana Shipping Inc. 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 179,492 dwt G. P. Zafirakis, built in 2014.

The gross charter rate is $13,200 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on May 31, 2020.

Diana said it expects the employment to generate approximately $6.34 million of gross revenue for the minimum scheduled period of the time charter.