Diana Announces Time Charter Contract for m/v Phaidra

Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months. The charter commenced on January 13, 2018.

The m/v Phaidra was previously chartered to Jera Trading Singapore Pte. Ltd. at a gross charter rate of US$7,750 per day, minus a 5% commission paid to third parties, for the agreed period of the time charter.

The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.57 million of gross revenue for the minimum scheduled period of the time charter.

 

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