Koch Shipping Extends Charter Deal for Diana’s Bulker

BulkerIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Singapore-based Koch Shipping for one of its Newcastlemax dry bulk vessels.

The company’s 206,040 dwt Philadelphia was hired for a period of twenty to twenty-three months.

Diana Shipping said that the gross charter rate for the ship is USD 20,000 per day.

This employment is to generate some USD 11.7 million of gross revenue for the minimum scheduled period of the time charter.

Built in 2012, the vessel started working under the new charter deal on June 18.

Philadelphia was previously chartered by Koch Shipping at a gross charter rate of USD 15,500 per day.

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