Diana Shipping Secures Work for Panamax Bulker

Greek shipping company Diana Shipping has entered into a time charter contract with Hong Kong’s Caravel Shipping for one of its Panamax dry bulk vessels, the M/V Dione.

The duo inked the charter for a period of minimum nine to about twelve months. The gross charter rate is USD 7,200 per day for the first 90 days and USD 7,050 per day for the balance period of the charter.

The charter is expected to commence on February 4, 2017.

According to Diana, the employment of the Panamax bulker is expected to generate some USD 1.92 million of gross revenue for the minimum scheduled period of the time charter.

Built by South Korea’s Hyundai Samho Heavy Industries in 2001, the 75,172 dwt vessel has a market value of USD 4.78 million, according to data provided by VesselsValue.

Dione worked for Nidera S.P.A, Roma until January 28, 2017.

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 7.68 years.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
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 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >