Diana Shipping: Time Charter Contract for m/v Alcmene with BG Shipping

Diana-Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene.

The gross charter rate is US$11,500 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum fourteen months. The charter commenced earlier on Wednesday.

The “Alcmene” is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$3.8 million of gross revenue for the minimum scheduled period of the time charter.

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