Diana Shipping Inc. announces direct continuation of time charter contract for m/v Phaidra with uniper, says a press release published on their website.
What is in the contract?
Diana Shipping Inc. (NYSE: DSX), (the “Company”) the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.
The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.
Time charter rate and period
The gross charter rate is US$9,400 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The new charter period commenced on May 29, 2020.
This employment is anticipated to generate approximately US$3.1 million of gross revenue for the minimum scheduled period of the time charter.
Diana’s Fleet info
Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.1 million dwt with a weighted average age of 9.71 years.
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Source: DianaShipping
