Diana Shipping Announces Time Charter Contract For M/V San Francisco With Koch

Diana Shipping Inc., (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period of minimum nineteen (19) months to about twenty-two (22) months. The charter commenced.

Maera Diana Shipping
Representation Image – Credits: dianashippinginc.com

The “San Francisco” is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017.

This employment is anticipated to generate approximately US$9.12 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of two Panamax dry bulk vessels, m/v Danae and m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 18 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Danae and m/v Dione, is approximately 5.7 million dwt with a weighted average age of 9.31 years.

Reference: dianashippinginc.com

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Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

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