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 Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Oceanis.
The gross charter rate is US$9,200 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about fourteen (14) months. The charter is expected to commence on January 9, 2020.
The “Oceanis” is a 75,211 dwt Panamax dry bulk vessel built in 2001.
This employment is anticipated to generate approximately US$3.31 million of gross revenue for the minimum scheduled period of the time charter.