Diana Shipping Fixes Selina with Ausca

Maritime Activity Reports, Inc.

July 17, 2019

Pic: Diana Shipping Inc

Pic: Diana Shipping Inc

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 Selina.

The global shipping company specializing in the ownership of dry bulk vessels, said that the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum seven months to maximum nine months.

The charter commenced on July 15, 2019, it said.

The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$2.47 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 44 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 16 Panamax).

As of today, the combined carrying capacity of the Company’s fleet is approximately 5.4 million dwt with a weighted average age of 9.28 years. A table describing the current Diana Shipping Inc.

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