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  • 2017 July 28 11:10

    Diana Shipping announces time charter contract for m/v Maia with Glencore

    Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Maia, the company said in its press release. The gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months. The charter is expected to commence later today. The m/v Maia is currently chartered, as previously announced, to RWE Supply & Trading GmbH, Essen, at a gross charter rate of US$7,500 per day, minus a 5% commission paid to third parties.

    The “Maia” is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.

    This employment is anticipated to generate approximately US$3.65 million of gross revenue for the minimum scheduled period of the time charter.

    Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.9 million dwt with a weighted average age of 7.99 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.




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