Diana Shipping Inc. Announces Time Charter Contract For m/v Electra

Credit: Tom Fisk/Pexels

Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Electra, says an article published on their website.

Gross charter rate

The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 1, 2024 up to maximum August 1, 2024. The charter is expected to commence tomorrow.

The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.

Minimum scheduled period

The employment of “Electra” is anticipated to generate approximately US$5.93 million of gross revenue for the minimum scheduled period of the time charter.

Weighted average age

Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax). The combined carrying capacity of the Company’s fleet, is approximately 4.7 million dwt with a weighted average age of 9.98 years.

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Source: Dianashippinginc