Diana Shipping announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Triton.
The gross charter rate is US$6,800 per day minus a 5% commission paid to third parties, for a period of about eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on October 29, 2015.
The â€œTritonâ€ is a 75,336 dwt Panamax dry bulk vessel built in 2001.
This employment is anticipated to generate approximately US$2.14 million of gross revenue for the minimum scheduled period of the time charter.