Diana Shipping Inc. Announces Time Charter Contract With SwissMarine

Credits: motomoto sc

Diana Shipping Inc. (NYSE: DSX), (the “Company”) announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco, says an article published on their website.

Period until minimum

The gross charter rate is US$22,000 per day, minus a 5% commission paid to third parties, for a period until minimum January 5, 2025 up to maximum March 5, 2025. The charter is expected to commence on February 19, 2023.

Minimum scheduled period

The “San Francisco” is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017.

The employment of “San Francisco” is anticipated to generate approximately US$14.89 million of gross revenue for the minimum scheduled period of the time charter.

Combined carrying capacity

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax). As of today, the combined carrying capacity of the Company’s fleet, is approximately 4.7 million dwt with a weighted average age of 9.85 years.

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Source: Diana shipping


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