Diana Shipping Announces Time Charter Contract For M/V New York

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Credit: Alexander Bobrov/Pexels
  • The charter is expected to commence on June 11, 2023. The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.
  • The employment of “New York” is anticipated to generate approximately US$7.54 million of gross revenue for the minimum scheduled period of the time charter.
  • The combined carrying capacity of the Company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.13 years.

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. 

Time charter

The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2024 up to maximum December 7, 2024. 

The charter is expected to commence on June 11, 2023. The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.

Highly anticipated employment 

The employment of “New York” is anticipated to generate approximately US$7.54 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax). 

As of today, the combined carrying capacity of the Company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.13 years. A table describing the current Diana Shipping Inc.

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Source: Diana Shipping Inc