Diana Shipping Wins TC for m/v G. P. Zafirakis with SwissMarine

Maritime Activity Reports, Inc.

January 1, 2019

G. P. Zafirakis. Photo: Diana Shipping Inc.

G. P. Zafirakis. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis.

The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$17,000 per day, minus a 5% commission paid to third parties, for a period of minimum seventeen (17) months to maximum twenty (20) months.

The charter is expected to commence on January 2, 2019. The m/v G. P. Zafirakis is currently chartered, as previously announced, to RWE Supply & Trading GmbH, Essen, Germany, at a gross charter rate of US$15,000 per day, minus a 5% commission paid to third parties.

The “G. P. Zafirakis” is a 179,492 dwt Capesize dry bulk vessel built in 2014.

"This employment is anticipated to generate approximately US$8.67 million of gross revenue for the minimum scheduled period of the time charter," said a company statement.

Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.7 million dwt with a weighted average age of 9.12 years.

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