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 Koch Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Ismene.
The gross charter rate is US$12,125 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2020 up to maximum March 31, 2020. The charter is expected to commence on December 12, 2018.
The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$4.6 million of gross revenue for the minimum scheduled period of the time charter.