Diana Shipping announces Time Charter Contract with Engelhart CTP

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(Image Courtesy: Diana Shipping)

Diana Shipping has entered into a time charter contract with Engelhart CTP Freight (Switzerland) SA, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021.

The charter commenced on June 6, 2020. The m/v Los Angeles was chartered, as previously announced, to SwissMarine Services S.A., Geneva, at a gross charter rate of US$13,250 per day, minus a 5% commission paid to third parties.

The “Los Angeles” is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012.

This employment is anticipated to generate approximately US$6.77 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 9.73 years.

Sea News, June 12