Lower Charter Rate for Diana’s Medusa

Greek dry bulk ship owner and operator Diana Shipping has entered into a time charter contract with Switzerland-based firm Quadra Commodities S.A. for one of its Kamsarmax dry bulk vessels, the m/v Medusa, with much lower charter rate compared to the employment of the ship in 2015.

The gross charter rate is USD 6,300 per day for a period of up to minimum March 15, 2017 to maximum July 30, 2017. Diana Shipping says the employment is to generate approx. USD 2.15 million of gross revenue for the minimum scheduled period.

In comparison with 2015, when Medusa’s gross charter rate was USD 7,450 per day, the price has fallen due to turbulent times for the dry bulk market.

Built in 2010, Medusa (formerly Torm Island) joined Diana’s fleet in 2015 and was chartered out immediately to Clearlake Shipping Pte from Singapore.

Diana Shipping’s fleet currently consists of 45 dry bulk vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
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

GREENTECH IN SHIPPING GLOBAL FORUM

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

read more >

LNG2019

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

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >