Diana Shipping Secures Work for Panamax Bulker

Image Courtesy: Diana Shipping

Greek shipping company Diana Shipping has entered into a time charter contract with Hong Kong’s Caravel Shipping for one of its Panamax dry bulk vessels, the M/V Dione.

The duo inked the charter for a period of minimum nine to about twelve months. The gross charter rate is USD 7,200 per day for the first 90 days and USD 7,050 per day for the balance period of the charter.

The charter is expected to commence on February 4, 2017.

According to Diana, the employment of the Panamax bulker is expected to generate some USD 1.92 million of gross revenue for the minimum scheduled period of the time charter.

Built by South Korea’s Hyundai Samho Heavy Industries in 2001, the 75,172 dwt vessel has a market value of USD 4.78 million, according to data provided by VesselsValue.

Dione worked for Nidera S.P.A, Roma until January 28, 2017.

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 7.68 years.

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 >