Diana Shipping 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 Newcastlemax dry bulk vessels, the m/v San Francisco.
The gross charter rate is $24,000 per day, minus a 5% commission paid to third parties, for a period of approximately ten months to approximately twelve months. The charter is expected to commence on May 13, 2018.
The m/v San Francisco is currently chartered, as previously announced, at a gross charter rate of $11,750 per day, minus a 5% commission paid to third parties.