POST Online Media Lite Edition


Diana Shipping in time charter deal for m/v Philadelphia

Staff Writer |
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.

The gross charter rate is $20,000 per day, minus a 5% commission paid to third parties, for a period of about twenty months to maximum twenty-three months.

The charter commenced on June 18, 2018. The m/v Philadelphia was chartered, as previously announced, at a gross charter rate of $15,500 per day, minus a 5% commission paid to third parties.

The Philadelphia is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.

This employment is anticipated to generate approximately $11.7 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 today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.83 years.

What to read next

Diana Shipping in new time charter deals
Diana Shipping enters time charter contract with Koch Shipping
Diana Containerships enters time charter contract for m/v March