Slashed Charter Rate for Diana’s MV Houston

Greek dry bulk shipping company Diana Shipping Inc. has entered into a time charter contract with Geneva-based SwissMarine Services S.A. for one of its Capesize dry bulk vessels, the m/v Houston.

The gross charter rate is USD 5,150 per day, minus a 5% commission paid to third parties, for a period of minimum eleven to maximum fourteen months. The charter is expected to commence on January 30, 2016.

According to Diana, the employment is anticipated to generate approximately USD 1.7 million of gross revenue for the minimum scheduled period of the time charter.

The Capesize bulker is fresh from a one-year charter with RWE Supply & Trading GmbH from Essen, Germany.

Last year’s gross charter rate was considerably higher for the bulker and amounted to USD 12,750 per day.

The vessel’s employment was anticipated to generate almost four times higher gross revenue from the current one of USD 4.59 million for the scheduled period of 12 months.

The Houston is a 177,729 dwt Capesize dry bulk vessel built in 2009.

Share this article

Follow World Maritime News

In Depth>


<< Apr 2020 >>
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 3

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >