Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum seven (7) months to maximum nine (9) months. The charter commenced on July 15, 2019.
The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.
This employment is anticipated to generate approximately US$2.47 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 44 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 16 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.4 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.