Diana Finds Work for Panamax Duo

NYSE-listed dry bulk specialist Diana Shipping Inc. has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamaxes – the m/v Naias, as well as with Norden A/S, Copenhagen, for another of its Panamax bulkers – the m/v Thetis.

The gross charter rate for the 2006-built, 73,546 dwt Naias is USD 6,800 per day minus a 4.75% commission paid to third parties, for a period of minimum ten months to maximum thirteen months. The charter started on July 12.

The rate for the 2004-built, 73,583 dwt Thetis is USD 7,000 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum fourteen months. The charter is expected to start on July 14.

The employments of Naias and Thetis are anticipated to generate approximately USD 4.35 million of gross revenue for the minimum scheduled period of the time charters.

The Thetis was previously chartered to EDF Trading Limited, UK, at a gross charter rate of USD 8,300 per day, while the Naias was chartered to Bunge S.A., Geneva, at a daily rate of USD 5,500.

Share this article

Follow World Maritime News

In Depth>


<< Feb 2019 >>
28 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 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >


The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >


LNG2019 features the largest number and highest level of LNG industry leaders.

read more >