Diana Shipping Inc., a global shipping company specializing in dry bulk vessels, has announced a time charter contract for its Newcastlemax dry bulk vessel, the m/v Philadelphia, with Nippon Yusen Kabushiki Kaisha. The gross charter rate is set at US$22,500 per day, with the charter expected to commence on February 5, 2024.Charter Details
The time charter contract spans from February 5, 2024, to a maximum of July 20, 2025, with a gross revenue estimate of approximately US$9.79 million for the minimum scheduled period. The charter terms include a 5% commission paid to third parties.
Fleet Composition
Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels upon the completion of the sale of m/v Artemis. The fleet comprises various types, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax, reflecting a diversified and robust fleet structure.
Cautionary Statement and Market Factors
The press release includes a cautionary statement regarding forward-looking statements, emphasizing the impact of factors such as the ongoing COVID-19 pandemic, market conditions, governmental regulations, geopolitical events, and other uncertainties that may affect the company’s actual results. The company expresses its commitment to safe harbour provisions and the need for ongoing evaluation of risks and contingencies.
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Source: Diana Shipping INC.
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