Diana Shipping Announces Time Charter Contract for m/v Crystalia With Glencore

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 entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.

The gross charter rate is US$8,750 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on May 22, 2020.

The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.

This employment is anticipated to generate approximately US$3.49 million of gross revenue for the minimum scheduled period of the time charter.

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