Diana Shipping Secures Time Charter for Capesize Bulker

Greece-based Diana Shipping has entered into a time charter contract with SwissMarine Services from Geneva for one of its Capesize dry bulk vessels, the M/V New Orleans.

As informed, the gross charter rate for the 180,960 dwt ship is USD 21,000 per day for a period of minimum eleven to maximum thirteen months.

The charter is expected to commence on March 25, 2018.

The 2015-built Capesize bulker is currently chartered to Koch Shipping at a gross charter rate of USD 11,250 per day.

“This employment is anticipated to generate approximately USD 6.93 million of gross revenue for the minimum scheduled period of the time charter,” according to Diana Shipping.

Diana Shipping’s fleet currently comprises 50 dry bulk vessels with a combined carrying capacity of 5.8 million dwt and a weighted average age of 8.58 years.

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