Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Seattle.
The gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 30, 2025. The new charter period is expected to commence on October 1, 2023.
The “Seattle” is a 179,362 dwt Capesize dry bulk vessel built in 2011.
The employment of “Seattle” is anticipated to generate approximately US$11.27 million of gross revenue for the minimum scheduled period of the time charter.