Diana agrees better rates for bulker pair

Diana Shipping

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Phaidra (formerly “Soya May”), a 2013 built Post-Panamax dry bulk vessel of 87,146 dwt that the Company entered into an agreement to purchase in April 2017.

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$14,150 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum sixteen (16) months. The charter is expected to commence on May 20, 2017.

The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

Additionally, the Company announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Narina Maritime Ltd, for one of its Panamax dry bulk vessels, the m/v Coronis, for a period of minimum eleven (11) months to maximum fourteen (14) months. The gross charter rate is US$9,000 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on May 17, 2017.

The “Coronis” is a 74,381 dwt Panamax dry bulk vessel built in 2006.

The employment of “Semirio” as well as the employment extension of “Coronis” are anticipated to generate approximately US$8.06 million of gross revenue for the minimum scheduled period of the time charters.

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