Diana Shipping Extends SwissMarine Charter

Maritime Activity Reports, Inc.

February 10, 2017

M/V Aliki. Photo: Diana Shipping Inc.

M/V Aliki. Photo: Diana Shipping Inc.

 Diana Shipping , through a separate wholly-owned subsidiary, has agreed to extend the present time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Aliki.

 
The global shipping company specializing in the ownership of dry bulk vessels extended the contract  for a period of about eleven (11) months to maximum fourteen (14) months. 
 
The gross charter rate is US$10,300 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on February 13, 2017.
 
The “Aliki” is a 180,235 dwt Capesize dry bulk vessel built in 2005. The employment extension of “Aliki” is anticipated to generate approximately US$3.24 million of gross revenue for the minimum scheduled period of the time charter.
 
Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 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 7.70 years. 
 
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