Diana Finds Work for Crystalia

Greek dry bulk ship owner and operator Diana Shipping has entered into a time charter contract with SwissMarine Services S.A. for one of its Ice Class Panamax vessels, the M/V Crystalia. 

The gross charter rate for the 2014-built bulker is USD 6,250 per day for a period of minimum 11 months to maximum 14 months. The charter is expected to commence on June 28.

The employment is anticipated to generate approximately USD 2.06 million of gross revenue for the minimum scheduled period of the time charter, the company said.

The 77,525 dwt Crystalia was previously deployed under a time charter contract with Glencore Grain B.V., Rotterdam.

When compared to the previous charter rate that amounted to USD 9,000 per day, the charter rate is now much lower.

Diana’s fleet currently consists of 46 dry bulk vessels. The company also expects to take delivery of one newbuilding Newcastlemax vessel during the third quarter of this year, as as well as one newbuilding Newcastlemax and one newbuilding Kamsarmax dry bulk vessel during the fourth quarter of 2016.

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