Diana Shipping Announces Time Charter Contract for m/v Melia with United

0
(Image Courtesy: Diana Containerships)

On April 10, Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with United Bulk Carriers International S.A., Luxembourg, for one of its Panamax dry bulk vessels, the m/v Melia.

The gross charter rate is USD 12,000 per day, minus a 5% commission paid to third parties, for a period of minimum seventeen (17) months to maximum twenty (20) months. The charter is expected to commence on April 20, 2018. The m/v Melia is currently chartered, as previously announced, to Nidera S.P.A., Roma, at a gross charter rate of USD 9,500 per day, minus a 5% commission paid to third parties.

The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.

This employment is anticipated to generate approximately USD 6.12 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.63 years.

Sea News, April 11