Diana Shipping Inc. announces time charter contract for m/v Crystalia with Glencore, says a press release published on their website.
About the contract
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializes in the ownership of dry bulk vessels. The company 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 Ice Class Panamax dry bulk vessels, the m/v Crystalia.
Charter rate
The gross charter rate is US$8,750 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on May 22, 2020.
About the vessel and revenue
Vessel
The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.
Gross revenue
This employment is anticipated to generate approximately US$3.49 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping fleet
Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels:
- 4 Newcastlemax,
- 13 Capesize,
- 5 Post-Panamax,
- 5 Kamsarmax and
- 14 Panamax.
As of today, the combined carrying capacity of the Company’s fleet is approximately 5.1 million dwt with a weighted average age of 9.69 years.
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Source: Diana Shipping
