Diana Shipping Announces Time Charter for Its Panamax Dry Bulker

731

Diana Shipping Inc. Announces Time Charter Contract for m/v Melia with Ausca, reads a press release by the company.

Time charter for Panamax dry vessel

The gross charter rate is US$10,000 per day, plus US$500,000 gross ballast bonus, minus a 5% commission paid to third parties, for a period of about eight (8) months to maximum ten (10) months. The charter is expected to commence on August 20, 2020.

The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005. This employment is anticipated to generate approximately US$2.75 million of gross revenue for the minimum scheduled period of the time charter.

  • Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Arethusa, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 13 Panamax).
  • As of today, the combined carrying capacity of the Company’s fleet, including the m/v Arethusa, is approximately 5.1 million dwt with a weighted average age of 9.89 years.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: Diana Shipping Inc.

LEAVE A REPLY

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