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Diana Shipping in time charter contract for m/v Salt Lake City

Staff Writer |
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International, Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.

The gross charter rate is $16,250 per day, minus a 4.75% commission paid to third parties, for a period of minimum eight (8) months to maximum ten (10) months.

The charter is expected to commence on May 1, 2018. The m/v Salt Lake City is currently chartered, as previously announced, to Uniper Global Commodities, Düsseldorf, at a gross charter rate of $9,000 per day, minus a 5% commission paid to third parties.

The Salt Lake City is a 171,810 dwt Capesize dry bulk vessel built in 2005.

This employment is anticipated to generate approximately $3.9 million of gross revenue for the minimum scheduled period of the time charter.

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 now, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.69 years.

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