Diana Shipping announces time charter contract for m/v Boston
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, through a separate wholly-owned subsidiary, it has entered into a time charter contract with EGPN Bulk Carrier Co., Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Boston, the company said in its press release. The gross charter rate is US$17,000 per day, minus a 5% commission paid to third parties, for a period of minimum sixteen (16) months to maximum nineteen (19) months. The charter commenced yesterday. The m/v Boston was chartered, as previously announced, to Clearlake Shipping Pte. Ltd., Singapore, at a gross charter rate of US$13,000 per day, minus a 4.75% commission paid to third parties, for the agreed period of the time charter.
The “Boston” is a 177,828 dwt Capesize dry bulk vessel built in 2007.
This employment is anticipated to generate approximately US$8.16 million of gross revenue for the minimum scheduled period of the time charter.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.29 years.