Marine Link
Friday, December 15, 2017

Diana Shipping New TC Contract with SwissMarine

November 24, 2017

Norfolk. Photo: Diana Shipping Inc.

Norfolk. Photo: Diana Shipping Inc.

 Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today 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 Norfolk. 

 
The gross charter rate is US$13,250 per day, minus a 5% commission paid to third parties, for a period of minimum 21 months to maximum 24 months. The charter is expected to commence on December 1, 2017. 
 
The m/v Norfolk is currently chartered, as previously announced, to Trafigura Maritime Logistics Pte. Ltd., Singapore, at a gross charter rate of US$12,000 per day, minus a 5% commission paid to third parties.
 
The “Norfolk” is a 164,218 dwt Capesize dry bulk vessel built in 2002.
 
This employment is anticipated to generate approximately US$8.35 million of gross revenue for the minimum scheduled period of the time charter.
 
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.26 years.
 
Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

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

Subscribe for Maritime Reporter E-News