Diana: Time Charter Contract for m/v Philadelphia With C Transport


Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, 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 Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$26,000 per day, minus a 5% commission paid to third parties, for a period until minimum February 1, 2024 up to maximum April 15, 2024. The charter commenced yesterday.

The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.

The employment of “Philadelphia” is anticipated to generate approximately US$16.87 million of gross revenue for the minimum scheduled period of the time charter.