Diana Shipping Announces Time Charter Contract for m/v Electra

Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Electra.

The gross charter rate is US$12,500 per day, minus a 5% commission paid to third parties, for a period until maximum March 30, 2021. The charter commenced on January 4, 2021. The m/v Electra was chartered, as previously announced, to Oldendorff Carriers GMBH & Co. KG, Lübeck, Germany, at a gross charter rate of US$10,250 per day, minus a 5% commission paid to third parties.

The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Electra” is anticipated to generate approximately US$1.06 million of gross revenue for the minimum scheduled period of the time charter.

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