Diana Shipping Inc. has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Post-Panamax dry bulk vessels, says a press release published on their website.
About the charter contract
Diana Shipping Inc. (NYSE: DSX), (the “Company”), announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Post-Panamax dry bulk vessels, the m/v Electra.
Charter rate
The gross charter rate is US$21,000 per day, minus a 5% commission paid to third parties, for a time charter period until minimum February 10, 2022 up to maximum April 10, 2022.
The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.
The employment of “Electra” is anticipated to generate approximately US$5.92 million of gross revenue for the minimum scheduled period of the time charter.
Diana’s 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.
As of today, 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 10.19 years.
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Source: Diana Shipping
