Diana Fixes Crystalia, Maera with Glencore

Maritime Activity Reports, Inc.

February 15, 2019

(L-R) m/v Crystalia and m/v Maera. Pic: Diana Shipping Inc.

(L-R) m/v Crystalia and m/v Maera. Pic: Diana Shipping Inc.

Greek dry bulk owner 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 Ice Class Panamax dry bulk vessels, the m/v Crystalia.

The gross charter rate is US$10,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The charter is expected to commence on February 23, 2019.

The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.

Additionally, the  global provider of shipping transportation services 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 Maera, for a period of minimum 14 months to maximum 17 months.

The gross charter rate is US$7,000 per day for the first 45 days of the charter period and US$9,450 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on February 10, 2019.

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

The employments of “Crystalia” and “Maera” are anticipated to generate approximately US$8.27 million of gross revenue for the minimum scheduled period of the time charters.

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