Diana Shipping Announces Extension of TC with BG Shipping


Diana Shipping on Tuesday announced extension of the existing time charter contract with BG Shipping, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina.

The gross charter rate is USD 12,250 per day, minus a 5% commission paid to third parties, for a period of minimum sixteen months to maximum nineteen months.

The new charter period is expected to commence tomorrow. The m/v Selina is currently chartered, as previously announced, at a gross charter rate of USD 7,100 per day, minus a 5% commission paid to third parties.

The Selina is a 75,700 dwt Panamax dry bulk vessel built in 2010. The employment extension of the vessel is anticipated to generate approximately USD 5.88 million of gross revenue for the minimum scheduled period of the time charter extension.

Sea News, February 6

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News