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  • Diana Shipping announces time charter contract for m/v Houston with Koch
  • 2019 February 25 12:07

    Diana Shipping announces time charter contract for m/v Houston with Koch

    Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Houston, the company said in its release.

    The gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to about seventeen (17) months. The charter commenced on February 17, 2019. The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009. This employment is anticipated to generate approximately US$4.25 million of gross revenue for the minimum scheduled period of the time charter. Upon completion of the previously announced sales of two Panamax dry bulk vessels, m/v Danae and m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 18 Panamax).

    As of today, the combined carrying capacity of the Company’s fleet, including the m/v Danae and m/v Dione, is approximately 5.7 million dwt with a weighted average age of 9.28 years.

    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.




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