Diana Inks Charter Deal for Capesize Bulker

Athens-based dry bulk shipping company Diana Shipping has entered into a time charter contract with Singapore’s Koch Shipping for one of its Capesize vessels, the M/V Seattle.

The firm said that the gross charter rate is USD 11,700 per day for a period of minimum fourteen months to about seventeen months.

The charter is expected to start on February 6, 2017.

Diana also said that the employment of the bulker is anticipated to generate approximately USD 4.91 million of gross revenue for the minimum scheduled period of the time charter.

Market value of the Capesize dry bulk carrier currently stands at USD 22.47 million, according to information provided by VesselsValue.

The 179,362 dwt Seattle has been working for Geneva-based SwissMarine Services since December 2015, Diana’s data shows.

Acquired by Diana in 2015, the Seattle was built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 2011.

Diana’s fleet is currently comprised of 48 dry bulk vessels, which have a combined carrying capacity of 5.7 million dwt and a weighted average age of 7.67 years.

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