On October 23, Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels.
Charter contract
The company has agreed to extend the present time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the ‘M/V Electra’. The “Electra” is an 87,150 dwt Post-Panamax dry bulk vessel built in 2013.
The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum September 15, 2019, and maximum December 15, 2019. The new charter period commenced on October 19, 2018. The m/v Electra was chartered, as previously announced, at a gross charter rate of US$8,000 per day, minus a 5% commission paid to third parties.
Increase in Revenue
The employment extension of “Electra” is anticipated to generate approximately US$4.40 million of gross revenue for the minimum scheduled period of the time charter extension.
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 9.17 years.
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Source: Diana Shipping Inc
