Diana Shipping Inc. announces time charter contract for m/v Newport News with Koch, says a press release published on their website.
Time charter contract
Diana Shipping Inc. has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.
Charter rate
- The gross charter rate is US$18,400 per day, minus a 5% commission paid to third parties.
- The charter period is until minimum 16 October 2021 up to maximum 30 December 2021.
The charter is expected to commence later today.
- The m/v Newport News is currently chartered, as previously announced, to SwissMarine Services S.A., Geneva.
- Gross charter rate of US$16,500 per day, minus a 5% commission is paid to third parties.
The “Newport News” is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.
Gross revenue
This employment is anticipated to generate approximately US$7.3 million of gross revenue for the minimum scheduled period of the time charter.
Diana’s fleet
Diana Shipping Inc. ’s fleet currently consists 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 is approximately 5.0 million dwt with a weighted average age of 9.92 years.
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Source: Diana Shipping
