Diana Shipping Secures Work for Panamax Bulker

BulkerIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Athens-based dry bulk owner Diana Shipping has entered into a time charter contract with CJ International Italy Societa Per Azioni for one of its Panamax dry bulk vessels.

Under the deal, Diana’s 74,381 dwt Panamax bulker Coronis would be hired for a period of twelve to fifteen months.

The gross charter rate for the vessel is USD 8,300 per day for the first sixty days of the charter period and USD 11,300 per day for the balance period of the time charter. The charter commenced on August 11, 2018.

Diana Shipping expects to generate around USD 3.89 million of gross revenue for the minimum scheduled period of the time charter.

The 2006-built Coronis was previously chartered to Narina Maritime at a gross charter rate of USD 9,000 per day.

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