POST Online Media Lite Edition



 

Diana Shipping in new time charter deals

Staff Writer |
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services, Geneva, for one of its Newcastlemax dry bulk vessels.




The vessel is m/v Los Angeles, for a period of about thirteen months to maximum fifteen months. The daily gross charter rate is 14% above the BCI_2014 average of the five pre-determined time charter routes as published by the Baltic Exchange minus a 5% commission paid to third parties.

The charter already commenced. The “Los Angeles” is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina, for a period of minimum nine months to about twelve months.

The gross charter rate is $4,500 per day for the first thirty (30) days of the charter period and $7,100 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties.

The charter is expected to commence on January 24, 2017. The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.

The employment of “Selina” is anticipated to generate approximately $1.84 million of gross revenue for the minimum scheduled period of the time charter.


What to read next

Diana Shipping enters time charter contract with Koch Shipping
Diana Containerships enters time charter contract for m/v March
Diana Shipping takes delivery of two newbuilding