Diana Shipping: Time Charter Contract for m/v New Orleans with NYK Line

Diana-Shipping

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 Nippon Yusen Kabushiki Kaisha, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period until minimum January 25, 2022 up to maximum March 25, 2022. The charter commenced on December 3, 2020. The m/v New Orleans was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$15,000 per day, minus a 4.75% commission paid to third parties.

The “New Orleans” is a 180,960 dwt Capesize dry bulk vessel built in 2015.

This employment is anticipated to generate approximately US$6.37 million of gross revenue for the minimum scheduled period of the time charter.

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