Diana Shipping in new time charter deals
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. ■