Diana – MOL Inks Time Charter Contract 

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Diana Shipping Inc. announced that it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., through a separate wholly-owned subsidiary, for one of its Kamsarmax dry bulk vessels, the m/v Astarte, says a press release published on their website. 

About the contract

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. 

Gross charter rate 

The gross charter rate is US$25,000 per day, minus a 5% commission paid to third parties, for a time charter period until a minimum of November 1, 2021, up to a maximum of December 15, 2021. 

The charter is expected to commence tomorrow. The m/v Astarte is currently chartered, as previously announced, to Aquavita International S.A., at a gross charter rate of US$11,750 per day, minus a 5% commission paid to third parties.

The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013.

The employment of “Astarte” is anticipated to generate approximately US$4.03 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.

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Source: Diana Shipping Inc

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