Diana Shipping Inc. (NYSE: DSX), announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Capesize dry bulk vessels, the m/v Boston, says a press release published in Globe News Wire.
Commission paid
The gross charter rate is US$20,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2023 up to maximum May 31, 2023.
The charter commenced on July 15, 2022. The m/v Boston was previously chartered to Richland Bulk Pte. Ltd., at a gross charter rate of US$13,000 per day, minus a 5% commission paid to third parties.
Minimum scheduled period
The “Boston” is a 177,828 dwt Capesize dry bulk vessel built in 2007.
The employment of “Boston” is anticipated to generate approximately US$5.25 million of gross revenue for the minimum scheduled period of the time charter.
Combined carrying capacity
Upon completion of the previously announced sale of one Capesize dry bulk vessel, the m/v Baltimore, Diana Shipping Inc.’s owned and bareboat chartered-in fleet will consist of 34 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax and 8 Panamax).
The combined carrying capacity of fleet, including the m/v Baltimore, is approximately 4.5 million dwt with a weighted average age of 10.47 years.
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Source: Globe News Wire
