Diana Shipping Announces Time Charter Contract For Capesize Vessel

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Diana Shipping Inc. has entered into a time charter contract with Kawasaki Kisen Kaisha, Ltd. for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2025, up to maximum October 31, 2025. The charter is expected to commence on December 7, 2023.

The “New Orleans” is a 180,960 dwt Capesize dry bulk vessel built in 2015.

The employment of “New Orleans” is anticipated to generate approximately US$12.16 million gross revenue for the minimum scheduled period of the time charter.

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Source: Diana Shipping Inc.