Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Refined Success Limited, for one of its Post-Panamax dry bulk vessels, the m/v Electra.
The gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2023 up to maximum May 30, 2023. The charter commenced on July 2, 2022. The m/v Electra was chartered to Raffles Shipping International Pte. Ltd., at a gross charter rate of US$16,500 per day, minus a 5% commission paid to third parties.
The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$23,000 per day, minus a 5% commission paid to third parties, for a period until minimum June 10, 2023 up to maximum August 25, 2023. The charter commenced on July 2, 2022. The m/v New York was chartered, as previously announced, to EGPN Bulk Carrier Co., Limited, Hong Kong, at a gross charter rate of US$14,000 per day, minus a 5% commission paid to third parties.
The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.
The employments of “Electra” and “New York” are anticipated to generate approximately US$12.48 million of gross revenue for the minimum scheduled period of the time charters.