Diana – ASL Inks Time Charter Contract


Diana Shipping Inc. (NYSE: DSX), (the “Company”), through a separate wholly-owned subsidiary, has entered into a time charter contract with ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Selina, says a press release published on their website.

Gross charter rate

The gross charter rate is US$26,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2022 up to maximum September 15, 2022. The charter is expected to commence on September 1, 2021.

The m/v Selina is currently chartered, as previously announced, to ST Shipping and Transport Pte. Ltd., Singapore, at a gross charter rate of US$11,000 per day, minus a 5% commission paid to third parties.

Gross revenue

The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.

The employment of “Selina” is anticipated to generate approximately US$7.53 million of gross revenue for the minimum scheduled period of the time charter. 

Diana’s fleet

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels:

  • 4 Newcastlemax,
  • 12 Capesize,
  • 5 Post-Panamax,
  • 5 Kamsarmax and
  • 10 Panamax.

The Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022.

As of today, the combined carrying capacity of the Company’s fleet, excluding the one vessel not yet delivered, is approximately 4.6 million dwt with a weighted average age of 10.44 years.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: Diana


This site uses Akismet to reduce spam. Learn how your comment data is processed.