Diana Shipping Inc. has entered into a time charter contract with Classic Maritime Inc., says a recently published press release on their website.
Diana Shipping Inc.
The Company is a global shipping company specializing in the ownership of dry bulk vessels. It has entered into a time charter contract with Classic Maritime Inc., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.
Charter rates
The gross charter rate is US$28,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 1, 2022, up to a maximum of May 1, 2022.
The m/v Philadelphia was chartered, as previously announced, to BHP Billiton Freight Singapore Pte. Ltd., at a gross charter rate of US$14,500 per day, minus a 5% commission paid to third parties.
The Philadelphia
The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built-in 2012.
The employment of “Philadelphia” is anticipated to generate approximately US$8.81 million of gross revenue for the minimum scheduled period of the time charter.
Commenting on this charter, the Company’s Chief Executive Officer, Ms. Semiramis Paliou, stated:
“We are pleased to announce the specific time charter fixture, which is in line with our chartering strategy over the years. We find it especially noteworthy that the m/v Philadelphia has been fixed at the highest rate since the vessel was delivered to us in 2012, a reflection of the robust current dry bulk market.”
Fleet
Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Naias, Diana Shipping Inc.’s fleet will consist of 36 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 10 Panamax).
The combined carrying capacity of the Company’s fleet, including the m/v Naias, is approximately 4.7 million dwt with a weighted average age of 10.17 years.
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Source: Diana Shipping
