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 Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.
The gross charter rate is US$9,400 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The new charter period commenced on May 29, 2020.
The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$3.1 million of gross revenue for the minimum scheduled period of the time charter.