Diana Shipping announces Time Charter contract with Uniper

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Image used for representational purposes only (Image Courtesy: Diana Shipping)

Diana Shipping has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Panamax dry bulk vessels, the m/v Calipso, for a period until minimum October 15, 2020 up to maximum December 31, 2020.

The gross charter rate is US$4,750 per day for the first forty-five (45) days of the charter period and US$8,250 per day for the balance of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on April 13, 2020.

The “Calipso” is a 73,691 dwt Panamax dry bulk vessel built in 2005.

This employment is anticipated to generate approximately US$1.34 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.1 million dwt with a weighted average age of 9.58 years.

Sea News, April 16

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News