Diana Shipping Inks Charter Deals for Dry Bulk Trio

Athens-based dry bulk shipowner Diana Shipping has entered into time charter contracts for three of its vessels, the New York, the Norfolk and the Nirefs.

The company’s 2010-built Capesize dry bulk vessel New York started working for Singapore’s Koch Shipping on April 23, 2017.

Employed under a gross charter rate of USD 14,450 per day, the 177,773 dwt vessel was hired for a period of six months up to December 29, 2017.

The second contract was signed with Singapore-based Trafigura Maritime Logistics for the 164,218 dwt Capesize Norfolk. Under the deal, which commenced on April 26, 2017, Trafigura is hired the 2002-built ship for a gross charter rate of USD 12,000 per day, for a period of six to eight months.

Diana Shipping also signed a time charter contract with Jaldhi Overseas, Singapore, for its Panamax dry bulk vessel Nirefs.

Under the gross charter rate of USD 9,400 per day, the 75,311 dwt Panamax will start working on May 4, 2017. The ship was hired for a period of thirteen to a maximum os sixteen months.

Diana Shipping said that the employments of the three vessels are expected to generate some USD 8.03 million of gross revenue for the minimum scheduled period of the time charters.

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