Diana Shipping Inc. announced that it has entered into a time charter contract with Hyundai Glovis Co. Ltd. as reported by Diana Shipping.
Time charter contract
Diana Shipping Inc. (NYSE: DSX), a global shipping company specialising in the ownership and bareboat chartering of dry bulk vessels, announced today that it has entered into a time charter contract with Hyundai Glovis Co. Ltd. for one of its Kamsarmax dry bulk vessels, the m/v Maia, through a separate wholly-owned subsidiary.
Gross revenue
The gross charter rate is US$25,000 per day, minus a 5% commission paid to third parties, for a period beginning September 20, 2023, and ending November 20, 2023. On May 23, 2022, the charter is expected to begin.
The “Maia” is a dry bulk tanker built by Kamsarmax in 2009.
For the minimum scheduled length of the time charter, the employment of “Maia” is expected to generate roughly US$13.43 million in gross revenue.
Press release
The owned and bareboat chartered-in fleet of Diana Shipping Inc. currently consists of 35 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax and 8 Panamax). Our fleet now has a combined carrying capacity of 4.5 million dwt and a weighted average age of 10.30 years. On the Company’s website, www.dianashippinginc.com, there is a table describing the current Diana Shipping Inc. fleet. This press release does not include any information seen on the Company’s website.
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Source: Diana Shipping
