Diana Shipping announces Time Charter Contract for m/v Crystalia with Glencore

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(Image Courtesy: Diana Shipping)

Diana Shipping has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.

The gross charter rate is US$8,750 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on May 22, 2020.

The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. This employment is anticipated to generate approximately US$3.49 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 9.69 years.

Sea News, May 27

Baibhav Mishra
Author: Baibhav Mishra