Greek bulker owner Diana Shipping has entered into a time charter contract with Bohai Ocean Shipping for one of its newcastlemax vessels, reads an official press release.
Time Charter Contract
The company hired the 2017-built, 208,021 dwt bulker Newport News. The gross charter rate is $25,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of September 1, 2026, up to a maximum of October 31, 2026.
The day rate during the new deal will be higher than the vessels’ current deal with NYK, which stands at $20,000 per day, minus a 5% commission paid to third parties.
The charter is expected to begin on June 14, 2025. The employment of the bulker is anticipated to generate approximately $10.95m of gross revenue for the minimum scheduled period of the time charter.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Diana Shipping Inc.
