- Diana Shipping Inc., has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany.
- The charter is for one of its Capesize dry bulk vessels, the m/v Sideris GS.
- The gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties.
- This employment is anticipated to generate approximately US$2.76 million of gross revenue.
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Capesize dry bulk vessels, the m/v Sideris GS, reads a press release by the company.
Gross charter rate
The gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The charter is expected to commence on March 8, 2020.
The “Sideris GS” is a 174,186 dwt Capesize dry bulk vessel built in 2006.
This employment is anticipated to generate approximately US$2.76 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of one Capesize dry bulk vessel, the m/v Norfolk, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax).
The combined carrying capacity of the Company’s fleet, including the m/v Norfolk, is approximately 5.2 million dwt with a weighted average age of 9.72 years.
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Source: Diana Shipping Inc.
