Marine Link
Tuesday, March 19, 2024

Diana Shipping Annouces Time Charter for Bulker Pair

Maritime Activity Reports, Inc.

May 26, 2017

 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 Kamsarmax dry bulk vessels, the m/v Astarte. 

 
The gross charter rate is US$9,000 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen  months to maximum seventeen  months. The charter is expected to commence on June 12, 2017.
 
The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013.
 
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Erato. 
 
The gross charter rate is US$7,250 per day, minus a 5% commission paid to third parties, for a period of about five  months up to December 30, 2017. The charter commenced today.
 
The “Erato” is a 74,444 dwt Panamax dry bulk vessel built in 2004.
 
The employments of “Astarte” and “Erato” are anticipated to generate approximately US$4.76 million of gross revenue for the minimum scheduled period of the time charters.
 
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 4 Post-Panamax, 5 Kamsarmax and 23 Panamax). The Company also expects to take delivery of one Post-Panamax dry bulk vessel by the end of May 2017. 
 
As of today, the combined carrying capacity of our fleet, excluding the one vessel not yet delivered, is approximately 5.8 million dwt with a weighted average age of 7.87 years.
 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week