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Monday, June 18, 2018

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

Maritime Activity Reports, Inc.

May 7, 2018

Photo: Diana Shipping Inc

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. The m/v Houston is currently chartered, as previously announced, at a gross charter rate of US$10,000 per day, minus a 5% commission paid to third parties.
 
The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009.
 
This employment is anticipated to generate approximately US$4.85 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 8.71 years.
 
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