Diana Shipping Inks A Deal For Its Kamsarmax Dry Vessels

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  • The gross charter rate is US$21,500 per day, minus a 5% commission paid to third parties.
  • The employment of “Astarte” is anticipated to generate approximately US$9.35 million.
  • the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.3 million dwt

Diana Shipping Inc. specializing in the ownership of dry bulk vessels has entered into a contract with Tongli Shipping Pte Ltd. for one of its Kamsarmax dry vessels, the m/v Astarte as per the open press release on their website.

The contract deal

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today 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 Kamsarmax dry bulk vessels, the m/v Astarte.

The gross charter rate is US$21,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of April 15, 2023, up to a maximum of June 15, 2023. The charter is expected to commence on January 31, 2022.

About the vessel

The “Astarte” is an 81,513 dwt Kamsarmax dry bulk vessel built-in 2013.

The predicted gross revenue from the vessel

The employment of “Astarte” is anticipated to generate approximately US$9.35 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 33 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 5 Kamsarmax and 8 Panamax). The Company also expects to take delivery of one Kamsarmax dry bulk vessel and one new-building Capesize dry bulk vessel by the end of February 2022 and by the end of the first quarter of 2022, respectively. 

As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.3 million dwt with a weighted average age of 10.43 years. 

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Source : Diana Shipping

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