Diana Shipping Secures Charter for Panamax Bulker

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Greece-based bulker owner Diana Shipping has inked a time charter contract with Singapore’s ST Shipping and Transport for one of its Panamax vessels.

As informed, the gross charter rate for the 2013-built Maera is USD 11,750 per day for a period of about seven to maximum nine months.

The charter commenced on July 4, 2018.

This employment of the 75,403 dwt is anticipated to generate USD 2.29 million of gross revenue for the minimum scheduled period of the time charter, according to the company.

Maera previously worked for Unico Logistics from Seoul at a slightly higher charter rate of USD 11,900 per day, Diana’s data shows.

Diana Shipping’s fleet currently consists of 50 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.88 years.

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