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            june 25, 2019

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Indiaexportnews.com

Diana Shipping Inc. announces time charter contracts

  11.06.2019    

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, through a separate wholly-owned subsidiary, has entered into a time charter contract with Singapore Marine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period of minimum 17 months to about 19 months. The charter commenced on June 7, 2019.
The "New York" is a 177,773 dwt Capesize dry bulk vessel built in 2010.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Capesize dry bulk vessels, the m/v Boston. The gross charter rate is US$15,300 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2021 up to maximum June 30, 2021. The charter commenced on June 7, 2019.
The "Boston" is a 177,828 dwt Capesize dry bulk vessel built in 2007.
The employments of "New York" and "Boston" are anticipated to generate approximately US$17.91 million of gross revenue for the minimum scheduled period of the time charters.



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