Diana Shipping: Time Charter Contract for m/v Selina with ST Shipping

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 ST Shipping and Transport Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Selina.

The gross charter rate is US$11,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve months to maximum fourteen months.

The charter commenced on July 5, 2020.

The m/v Selina was previously chartered to Cargill International S.A., Geneva, at a gross charter rate of US$4,750 per day, minus a 4.75% commission paid to third parties.

The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$3.96 million of gross revenue for the minimum scheduled period of the time charter.

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