Diana Inks Charter Deal for Capesize Bulker

Image Courtesy: Diana Shipping

Athens-based dry bulk shipping company Diana Shipping has entered into a time charter contract with Singapore’s Koch Shipping for one of its Capesize vessels, the M/V Seattle.

The firm said that the gross charter rate is USD 11,700 per day for a period of minimum fourteen months to about seventeen months.

The charter is expected to start on February 6, 2017.

Diana also said that the employment of the bulker is anticipated to generate approximately USD 4.91 million of gross revenue for the minimum scheduled period of the time charter.

Market value of the Capesize dry bulk carrier currently stands at USD 22.47 million, according to information provided by VesselsValue.

The 179,362 dwt Seattle has been working for Geneva-based SwissMarine Services since December 2015, Diana’s data shows.

Acquired by Diana in 2015, the Seattle was built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 2011.

Diana’s fleet is currently comprised of 48 dry bulk vessels, which have a combined carrying capacity of 5.7 million dwt and a weighted average age of 7.67 years.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 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 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

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 technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >