Diana Shipping Finds Work for Bulker Pair

Image Courtesy: Diana Shipping

Athens-based dry bulk specialist Diana Shipping has entered into time charter contracts for two of its vessels, Astarte and Erato. 

The 81,513 dwt Astarte will start working for Rotterdam-based Glencore Agriculture from June 12, 2017. The gross charter rate is USD 9,000 per day for a period of minimum fourteen to maximum seventeen months.

The 2013-built Kamsarmax bulker was delivered to Diana Shipping from compatriot shipping company Thenamaris last week. The ship was bought for USD 22.6 million in late April.

Furthermore, Diana revealed it has inked a time charter deal with Phaethon International Company for one of its Panamax dry bulk vessels, the 2004-built Erato. The gross charter rate for the 74,444 dwt ship is USD 7,250 per day for a period of about five months up to December 30, 2017. The charter commenced on May 25.

As disclosed, the employments of Astarte and Erato are anticipated to generate approximately USD 4.76 million of gross revenue for the minimum scheduled period of the time charters.

Diana Shipping’s fleet currently comprises 50 dry bulk vessels with the combined carrying capacity of 5.8 million dwt and a weighted average age of 7.87 years.

The company also expects to take delivery of one Post-Panamax ship by the end of May 2017.

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 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

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >