- Diana Shipping secures time charter for m/v Selina.
- A new time charter for m/v Selina with Raffles Shipping is needed.
- m/v Selina enters a new charter with Raffles Shipping.
The gross rate of the hiring of charterer m/v Selina will be US$10,500 per day with a deduction of 5% for third parties’ commission. The time charter period is from a minimum of March 1, 2025, up to April 20, 2025, but the charter is expected to begin on October 17, 2024. The “Selina,” a 75,700 dwt Panamax dry bulk vessel built in 2010, is expected to generate about US$1.39 million in gross revenue during the minimum scheduled charter period, reports Diana Shipping Inc.
Fleet Summary
Diana Shipping Inc. operates currently 38 dry bulk vessels which consists of:
- 4 Newcastlemax
- 8 Capesize
- 5 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax
The company will also take delivery of two methanol dual-fuel Kamsarmax vessels between the second half of 2027 and the first half of 2028. The fleet in place today, excluding the new buildings, totals around 4.2 million dwt and has a weighted average age of 11.04 years.
About Diana Shipping Inc.
Diana Shipping Inc. is an international shipping company. The company concentrates on dry bulk vessel ownership and chartering, transporting commodities like iron ore, coal, and grain across global routes. The majority of their vessels are engaged in short to medium-term time charters.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that are made under the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words or phrases such as “anticipate,” “expect,” “estimate,” “believe,” and similar expressions. These forward-looking statements reflect the company’s current view of future events based on currently available information. Any such forward-looking statements are not a guarantee of future performance and involve risks, uncertainties, and assumptions. This statement includes various assumptions and data, but numerous factors, including market conditions, regulatory changes, and geopolitical risks, could cause actual results to differ.
Except as required by law, the Company undertakes no obligation to update its forward-looking statements in light of new information, future events, or otherwise. For further information on risks and uncertainties regarding the Company, please see the Company’s filings with the U.S. Securities and Exchange Commission.
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Source: Diana Shipping Inc
