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>

<< May 2017 >>
MTWTFSS
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

CWC World LNG & Gas Series: Americas Summit

Now in its 15th year, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG event in the Americas region.

Bringing together the key players in the LNG & gas value chain in both the Americas region and globally, this is the perfect place to make new contacts, do deals and get essential updates on the market.

This year we return to Houston, TX once again on 20-23 June 2017 – the heart of the energy industry, making it easier than ever to access they key players in your business.

More info

read more >

Nor-Shipping 2017

Nor-Shipping is the leading maritime event week. Their top-quality exhibition, high-level conferences and prime networking opportunities…

read more >

2ND ANNUAL PORTS AND TERMINALS INSURANCE SEMINAR

DETAILED GUIDANCE ON HOW THE INSURANCE MARKET IS CHANGING, HOW RISKS ARE ASSESSED AND WHAT…

read more >

2ND ANNUAL ADVANCED CHARTERING MASTERCLASS

The Advanced Chartering Masterclass will focus on the particularly difficult issues in charterparty agreements and our experts will help you find solutions…

read more >