Diana Finds Work for Two Bulkers

Greek dry bulk shipping company Diana Shipping has entered into time charter contracts for its two vessels, the M/V Orleans and the M/V Melite, which are scheduled to start in December 2016.

The first contract was inked with Singapore’s Koch Shipping for the Capesize vessel New Orleans.

The gross charter rate is USD 11,250 per day for a period of minimum twelve months to maximum sixteen months, with the charter expected to commence on December 10, 2016.

The 180,960 dwt New Orleans was built by China’s Shanghai Waigaoqiao Shipbuilding in 2015.

Furthermore, the company entered into a time charter contract with Germany’s Uniper Global Commodities SE for one of its Panamax dry bulk vessels, the Melite.

The gross charter rate amounts to USD 8,000 per day for a period of minimum seven months to maximum ten months. The charter is expected to commence on December 6, 2016.

The 76,436 dwt Melite was built by Japanese shipbuilder Tsuneishi Zosen in 2004.

The employments of the two dry bulk carriers are anticipated to generate approximately USD 5.73 million of gross revenue for the minimum scheduled period of the time charters.

Diana’s fleet is currently comprised of 46 dry bulk vessels. In addition, the company expects to take delivery of two new-building Newcastlemax dry bulkers during the fourth quarter of 2016 and the first quarter of 2017.

As of December 1, 2016, the combined carrying capacity of the company’s fleet, excluding the two vessels not yet delivered, is approximately 5.2 million dwt with a weighted average age of 8.1 years.

Share this article

Follow World Maritime News

In Depth>


<< Nov 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 29 30 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >