Diana Shipping Finds Work for Panamax Bulker

Image Courtesy: Diana Shipping

Greek dry bulk ship owner Diana Shipping has entered into a time charter contract for one of its Panamax dry bulk vessels with Dutch grain distributor Glencore Grain B.V.

The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of USD 5,850 per day, minus a 5% commission paid to third parties.

The 2013-built bulker was chartered for a period of about ten to thirteen months.

Diana Shipping said that the charter commenced on August 7.

The company added that it is expected to generate USD 1.67 million of gross revenue from the contract for the minimum scheduled period of the time charter.

In March, the shipowner secured a term loan of up to USD 25.7 million to finance the acquisition cost of two out of three Panamaxes bought earlier, including MV Ismene (previously named MV Infinity 9).

Granted under the agreement with ABN AMRO Bank N.V., the proceeds were used to finance the entire purchase cost of MV Ismene and MV Selina, which joined Diana’s fleet in March.

The vessel was previously chartered to Glencore Grain at a gross rate of USD 7,825 per day.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Global Liner Shipping Asia Conference

Fight. Survive. Thrive. Respond to challenges of consolidation & disruption at the largest gathering of container shipping industry in Asia…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference. With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and […]

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >