Diana Shipping Finds Work for Capesize Pair

bulkerIllustration. Image Courtesy: Pxhere under CC0 Creative Commons license

Greece-based dry bulk vessel owner Diana Shipping has signed new time charter contracts for two of its Capesize vessels.

The first charter deal was inked with Singapore Marine Pte. Ltd. for the 2010-built M/V New York.

The gross charter rate is USD 15,500 per day for a period of minimum seventeen to about nineteen months. The charter commenced on June 7, 2019.

The 177,773 dwt bulker previously worked for Hong Kong-based DHL Project & Chartering at a rate of USD 16,000 per day.

Moreover, the second Capesize vessel will be chartered out by Diana to Germany’s Oldendorff Carriers.

The gross charter rate for the M/V Boston is USD 15,300 per day for a period until minimum April 1, 2021, to maximum June 30, 2021. The charter also began on June 7.

Constructed in 2007, the 177,828 dwt Boston earlier worked for Hong Kong’s EGPN Bulk Carrier at a rate of USD 17,000 per day.

The employments of New York and Boston are anticipated to generate approximately USD 17.91 million of gross revenue for the minimum scheduled period of the time charters, Diana said.

Diana Shipping’s fleet currently comprises 45 dry bulk vessels with a combined carrying capacity of approximately 5.5 million dwt and a weighted average age of 9.26 years.

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