Dry Cargo
9/7/2011

Panamax dry bulk carrier M/V Arethusa delivered to Diana Shipping


Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced Friday (07.08) that the Company has taken delivery on July 7, 2011 of the m/v "Corona", renamed "Arethusa", a 73,593 dwt Panamax dry bulk carrier built in 2007.
As previously announced, the Arethusa is chartered to Cargill International S.A., Geneva for a period of about eleven (11) months to about thirteen (13) months, at a gross charter rate of US$13,250 per day, minus a 5% commission paid to third parties. The charter commenced today.
This employment is anticipated to generate approximately US$4.2 million of gross revenue for the minimum scheduled period of the charter.
Including the newly-delivered "Arethusa", the Diana Shipping Inc. fleet currently consists of 24 dry bulk carriers (15 Panamax, 1 Post-Panamax and 8 Capesize) with a weighted average age of 5.8 years. The Company also previously announced two Newcastlemax new-building dry bulk carriers that are expected to be delivered during the first half of 2012.

Source: Diana Shipping Inc.


Dry Cargo News

The dry bulk cycle has a long way to go before it is over, said Clarkson Research Services president Martin Stopford at the Asian Logistics and Maritime Conference in Hong Kong.
CIT Group Inc., a global leader in transportation finance, announced that CIT Maritime Finance provided a $24.1 million senior secured credit facility to Blue Wall Shipping Limited, an investment holding company.
In the Capesize sector, Intermodal reports the sale of the “STELLA JADE” (175,932dwt-blt 12, China), which was sold to Greek owner, Marmaras Navigation.
A handymax bulker controlled by Genco Shipping & Trading has been detained in the United States. The 55,300-dwt Genco Provence (built 2004) was held in Jacksonville, Florida after the crew failed to perform a satisfactory fire drill.




Market Reports

Search

Enter Keyword
Filter by Category