Diana Shipping Inc. has entered into a time charter contract with Viterra Chartering B.V., Rotterdam, says a press release published on their website.
Time charter agreement
Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Viterra Chartering B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Melia.
Charter rate and duration details
The gross charter rate is US$25,750 per day, minus a 5% commission paid to third parties, for a period until minimum April 7, 2022 up to maximum June 7, 2022.
The charter commenced retroactively on June 11, 2021.
The m/v Melia was chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$10,000 per day, plus US$500,000 gross ballast bonus, minus a 5% commission paid to third parties.
The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.
The employment of “Melia” is anticipated to generate approximately US$7.65 million of gross revenue for the minimum scheduled period of the time charter.
Diana’s fleet
Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Naias, Diana Shipping Inc.’s fleet will consist of 36 dry bulk vessels:
- 4 Newcastlemax,
- 12 Capesize,
- 5 Post-Panamax,
- 5 Kamsarmax and
- 10 Panamax.
As of today, the combined carrying capacity of the Company’s fleet, including the m/v Naias, is approximately 4.7 million dwt with a weighted average age of 10.35 years.
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Source: Diana Shipping
