Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has agreed to extend the present time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Melia, for a period of about eleven months to about thirteen months. The gross charter rate is US$9,500 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on March 18, 2017, the company said in its press release.
The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.
The employment extension of “Melia” is anticipated to generate approximately US$2.99 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of Diana Shipping’s fleet is approximately 5.7 million dwt with a weighted average age of 7.79 years.
About Diana Shipping
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. Diana Shipping’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.