Marine Link
Thursday, August 16, 2018

Whollyowned Subsidiary News

Diana Shipping Continues TC for m/v Polymnia With Cargill

Polymnia. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The new charter period is expected to commence on July 8, 2018.

Diana Shipping Bags TC for m/v San Francisco with Koch

Photo: Diana Shipping Inc.

Diana Shipping  has 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 Newcastlemax dry bulk vessels, the m/v San Francisco. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$24,000 per day, minus a 5% commission paid to third parties, for a period of approximately 10 months to approximately 12 months (approximately means +/-10 days). The charter is expected to commence on May 13, 2018.

Diana Containerships Sells m/v Puelo

Puelo. Photo: Diana Containerships Inc.

Diana Containerships has announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “Puelo”, with delivery to the buyer by latest June 30, 2018, for a sale price of US$20.5 million before commissions. Theglobal shipping company specializing in the ownership of containerships said that it expects to use the whole or part of the net proceeds from the sale of the vessel to prepay existing indebtedness based on the outstanding amount of such indebtedness upon completion of the transaction.

Diana Containerships Continues TC for M/V Domingo With CMA CGM

Photo: Diana Containerships Inc

Diana Containerships  announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The global shipping company specializing in the ownership of containerships said that the gross charter rate is US$12,800 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight months to maximum eleven months. The new charter period will commence on August 3, 2018.

Diana Shipping Signs TC Contract for m/v Maera with ST Shipping

Maera. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport, Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. 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 about seven months to maximum nine  months. The charter commenced on July 4, 2018. The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

Diana Containerships to Sell Post-Panamax Vessel

Ship owner Diana Containerships Inc. announced it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2009-built vessel Hamburg, with delivery to the buyer latest by July 31, 2018, for a sale price of $21 million before commissions.Net proceeds from the sale of the vessel are expected to be used by the company to prepay part of the existing indebtedness.Upon completion of the sale, Diana Containerships Inc.’s fleet will consist of five container vessels, including three Post-Panamax and two Panamax ships.

Diana Shipping Signs TC Contract for M/V Seattle with Koch

M/v Seattle. Photo: Diana Shipping Inc

Diana Shipping 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 m/v Seattle.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$24,000 per day, minus a 5% commission paid to third parties, for a period of minimum four months to maximum six months.The m/v Seattle was chartered…

Koch Shipping Signs Charter Deal for Diana's Bulker m/v Philadelphia

m/v Philadelphia. Photo: Diana Shipping Inc.

Diana Shipping  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 Newcastlemax dry bulk vessels, the m/v Philadelphia. The global shipping company specializing in the ownership of dry bulk vessels said that the  gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period of about 20 months to maximum 23 months. The charter commenced on June 18, 2018.

Diana Shipping TC Contract for P. S. Palios with Koch

P. S. Palios. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$17,350 per day, minus a 5% commission paid to third parties, for a period of about 13 months to maximum 15 months. The charter is expected to commence on May 24, 2018. The m/v P. S. Palios is currently chartered, as previously announced, at a gross charter rate of US$10,550 per day, minus a 5% commission paid to third parties. The “P.

Diana Containerships Announces Time Charter

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina. The Pamina is a 5,042 TEU container vessel built in 2005.The gross charter rate is $11,950 per day, minus a 5 percent commission paid to third parties, for a period of minimum eight months to maximum twelve months. The charter will commence on August 24, 2018.This employment is anticipated to generate approximately $2.87 million of gross revenue for the minimum scheduled period of the time charter.The m/v Pamina is currently chartered to Orient Overseas Container Line Ltd.…

Diana Containerships TC Contract for m/v Pamina with HMM

Pamina. Photo: Diana Containerships Inc

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.The global shipping company specializing in the ownership of containerships said that the  gross charter rate is US$11,950 per day, minus a 5% commission paid to third parties, for a period of minimum eight months to maximum 12 months.The charter will commence on August 24, 2018.

Diana Shipping, Hudson Shipping Lines Pact for Time Charter

Photos: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Protefs.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of about 12 months to maximum 15 months.The new charter period will commence on September 19, 2018.

Diana Containerships Continues TC for m/v Pucon With OOCL

Pucon. Photo: Diana Containerships Inc.

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for one of its Post-Panamax container vessels, the m/v Pucon. The gross charter rate is US$18,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum eight months to maximum twelve months. The new charter period will commence on June 22, 2018. The m/v Pucon is currently chartered…

Diana Containerships TC for m/v Rotterdam with Wan Hai Lines

Rotterdam. Photo: Diana Containerships Inc.

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Rotterdam. The global shipping company specializing in the ownership of containerships said in a press release that the gross charter rate is US$18,200 per day, minus a 3.75% commission paid to third parties, for a period of up to minimum April 15, 2019 to maximum July 15, 2019. The charter will commence on July 13, 2018.

Diana Shipping Signs TC Contract for m/v Baltimore with Koch

 Baltimore. Photo: Diana Shipping Inc.

Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$18,050 per day, minus a 5% commission paid to third parties, for a period of about 12 months to about 14 months. The charter commenced earlier today. The m/v Baltimore was chartered…

Diana Shipping TC for m/v Los Angeles with SwissMarine

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 Newcastlemax dry bulk vessels, the m/v Los Angeles. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$19,150 per day, minus a 5% commission paid to third parties, for a period of about nine months to maximum 12 months. The charter is expected to commence on April 17, 2018. The “Los Angeles” is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012.

Diana Shipping TC Contract for Melia with United

M/v Melia. Photo: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with United Bulk Carriers International S.A., Luxembourg, for one of its Panamax dry bulk vessels, the m/v Melia. The  global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,000 per day, minus a 5% commission paid to third parties, for a period of minimum s 17 months to maximum 20 months. The charter is expected to commence on April 20, 2018.

Diana Shipping Signs Time Charter Contract With Cargill

Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$20,250 per day, minus a 4.75% commission paid to third parties, for a period of about 18 months to about 19 months. The new charter period is expected to commence on April 24, 2018.

Flex LNG Charters New LNG Carrier to Enel

Photo: Flex LNG Management Ltd

Flex LNG , a global shipping company  specializing in the ownership of LNG carriers, announced that through a  separate wholly-owned subsidiary,  it has entered into a time-charter agreement  with Enel Trade, a company of the Enel Group, a multinational  power company and one of the world's leading integrated electricity and gas  operators. The time charter period of 12 months will commence during the second half of  2019. Enel also has the option to extend the contract by an additional 12 months  subsequent to the firm period.

Diana Shipping TC for m/v Arethusa with Glencore

Photo: Diana Shipping Inc

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 Panamax dry bulk vessels, the m/v Arethusa. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,600 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter is expected to commence on April 25, 2018.

Diana Shipping TC for m/v Atalandi with Uniper

Atalandi. Photo: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The charter commenced earlier today.

Diana Shipping TC for m/v Salt Lake City with Cargill

Salt Lake City. Photo: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,250 per day, minus a 4.75% commission paid to third parties, for a period of minimum eight months to maximum 10 months. The charter is expected to commence on May 1, 2018.

Diana Shipping Signs TC Contract for m/v Houston with SwissMarine

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 Houston. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$19,000 per day, minus a 5% commission paid to third parties, for a period of about nine months to about eleven months. The charter is expected to commence on May 9, 2018.

Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

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