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>

<< Aug 2018 >>
MTWTFSS
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 31 1 2

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >