Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Maera.
The gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of about seven (7) months to maximum nine (9) months. The charter commenced on July 4, 2018.
The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$2.29 million of gross revenue for the minimum scheduled period of the time charter.